Key Points
- Director Rhodes Bobbitt sold 10,000 shares of Hilltop Holdings (NYSE:HTH) at an average price of $37.25, totaling $372,500. After the sale, he still held 117,016 shares.
- Hilltop shares were down 1.4% and opened at $36.28, near the company’s 50-day and 200-day moving averages. The stock has traded between $28.92 and $40.41 over the past year.
- Recent results and outlook were mixed but solid: Hilltop beat quarterly EPS estimates at $0.64 versus $0.54 expected, and it declared a quarterly dividend of $0.20 per share, implying a 2.2% annualized yield.
Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) Director Rhodes Bobbitt sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $37.25, for a total value of $372,500.00. Following the sale, the director directly owned 117,016 shares of the company's stock, valued at $4,358,846. The trade was a 7.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Hilltop Trading Down 1.4%
Shares of NYSE:HTH opened at $36.28 on Friday. The business has a 50-day moving average price of $36.57 and a 200 day moving average price of $35.87. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 13.74 and a beta of 0.89. Hilltop Holdings Inc. has a 12-month low of $28.92 and a 12-month high of $40.41.
Hilltop (NYSE:HTH - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.10. The firm had revenue of $300.51 million during the quarter, compared to the consensus estimate of $304.87 million. Hilltop had a return on equity of 7.32% and a net margin of 10.13%.During the same period last year, the company earned $0.65 EPS. As a group, equities research analysts predict that Hilltop Holdings Inc. will post 2.23 earnings per share for the current fiscal year.
Hilltop Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, May 8th. Hilltop's dividend payout ratio (DPR) is 30.30%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on HTH shares. Keefe, Bruyette & Woods raised their target price on Hilltop from $34.00 to $39.00 and gave the company a "market perform" rating in a report on Tuesday, February 3rd. Wall Street Zen cut Hilltop from a "hold" rating to a "sell" rating in a report on Saturday. Weiss Ratings upgraded Hilltop from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday, May 7th. Finally, Zacks Research upgraded Hilltop from a "strong sell" rating to a "strong-buy" rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $37.50.
Check Out Our Latest Research Report on HTH
Hedge Funds Weigh In On Hilltop
Several hedge funds and other institutional investors have recently made changes to their positions in HTH. Royal Bank of Canada boosted its stake in shares of Hilltop by 41.9% in the 1st quarter. Royal Bank of Canada now owns 10,818 shares of the financial services provider's stock valued at $330,000 after buying an additional 3,192 shares during the period. AQR Capital Management LLC boosted its stake in shares of Hilltop by 623.7% in the 1st quarter. AQR Capital Management LLC now owns 79,654 shares of the financial services provider's stock valued at $2,425,000 after buying an additional 68,648 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Hilltop by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,846 shares of the financial services provider's stock valued at $848,000 after buying an additional 1,362 shares during the period. Millennium Management LLC boosted its stake in shares of Hilltop by 236.4% in the 1st quarter. Millennium Management LLC now owns 461,206 shares of the financial services provider's stock valued at $14,044,000 after buying an additional 324,108 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Hilltop by 32.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 796,277 shares of the financial services provider's stock valued at $24,247,000 after buying an additional 192,991 shares during the period. Hedge funds and other institutional investors own 57.13% of the company's stock.
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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