Key Points
- CAO Keith Bornemann sold 2,000 shares on May 5 at an average price of $38 for a $76,000 transaction, reducing his stake by about 20.18% to 7,912 shares, according to an SEC filing.
- Dividend announced: a $0.20 quarterly payout (annualized $0.80) with an ex-dividend/record date of May 8 and payment on May 22, implying a ~2.1% yield and a 30.3% payout ratio.
- Q1 results: EPS of $0.64 beat estimates by $0.10 while revenue missed slightly; the stock trades near $38 with a $2.23B market cap, P/E of 14.46, and an analyst consensus of "Moderate Buy" (average price target $37.50).
Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) CAO Keith Bornemann sold 2,000 shares of the business's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $38.00, for a total transaction of $76,000.00. Following the sale, the chief accounting officer directly owned 7,912 shares of the company's stock, valued at approximately $300,656. This represents a 20.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Hilltop Stock Up 1.1%
Shares of NYSE:HTH opened at $38.16 on Thursday. Hilltop Holdings Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $40.41. The firm has a 50-day simple moving average of $36.70 and a 200 day simple moving average of $35.67. The company has a market cap of $2.23 billion, a PE ratio of 14.46 and a beta of 0.89.
Hilltop (NYSE:HTH - Get Free Report) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.54 by $0.10. The firm had revenue of $300.51 million during the quarter, compared to analysts' expectations of $304.87 million. Hilltop had a net margin of 10.13% and a return on equity of 7.32%. During the same quarter in the prior year, the firm earned $0.65 EPS. As a group, research analysts forecast that Hilltop Holdings Inc. will post 2.23 EPS for the current fiscal year.
Hilltop Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be issued a $0.20 dividend. The ex-dividend date is Friday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Hilltop's dividend payout ratio (DPR) is 30.30%.
Institutional Trading of Hilltop
Several institutional investors and hedge funds have recently added to or reduced their stakes in HTH. Ameriprise Financial Inc. boosted its stake in Hilltop by 0.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 870,474 shares of the financial services provider's stock worth $26,419,000 after purchasing an additional 7,302 shares during the period. Goldman Sachs Group Inc. grew its position in Hilltop by 32.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 796,277 shares of the financial services provider's stock worth $24,247,000 after purchasing an additional 192,991 shares in the last quarter. Millennium Management LLC grew its position in Hilltop by 3.7% during the 3rd quarter. Millennium Management LLC now owns 762,326 shares of the financial services provider's stock worth $25,477,000 after purchasing an additional 27,203 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Hilltop by 37.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 711,802 shares of the financial services provider's stock worth $23,788,000 after purchasing an additional 194,287 shares in the last quarter. Finally, UBS Group AG grew its position in Hilltop by 42.3% during the 3rd quarter. UBS Group AG now owns 647,003 shares of the financial services provider's stock worth $21,623,000 after purchasing an additional 192,439 shares in the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
HTH has been the subject of several recent analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Hilltop in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of Hilltop from a "sell" rating to a "hold" rating in a report on Saturday, April 25th. Keefe, Bruyette & Woods increased their price objective on shares of Hilltop from $34.00 to $39.00 and gave the company a "market perform" rating in a report on Tuesday, February 3rd. Finally, Zacks Research raised shares of Hilltop from a "strong sell" rating to a "strong-buy" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $37.50.
Read Our Latest Report on Hilltop
Hilltop Company Profile
(
Get Free Report)
Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.
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