Key Points
- Insider sale: Hilltop Director Rhodes Bobbitt sold 10,000 shares on May 26 at an average price of $37.75, totaling $377,500. After the sale, he still owned 107,016 shares, a decrease of 8.55% in his stake.
- Recent performance and earnings: Hilltop reported quarterly EPS of $0.64, beating analyst estimates of $0.54, though revenue of $300.51 million came in slightly below expectations. Analysts currently expect full-year EPS of 2.33.
- Dividend and analyst outlook: The company paid a quarterly dividend of $0.20 per share, implying an annualized yield of 2.1%. Analyst views are mixed, but the consensus rating remains Moderate Buy with an average target price of $37.50.
Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) Director Rhodes Bobbitt sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $37.75, for a total value of $377,500.00. Following the transaction, the director owned 107,016 shares in the company, valued at approximately $4,039,854. This represents a 8.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Hilltop Price Performance
Shares of Hilltop stock opened at $37.65 on Friday. The stock has a market cap of $2.20 billion, a P/E ratio of 14.26 and a beta of 0.89. The stock's 50 day simple moving average is $36.84 and its 200-day simple moving average is $36.19. Hilltop Holdings Inc. has a 1-year low of $28.92 and a 1-year high of $40.41.
Hilltop (NYSE:HTH - Get Free Report) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.10. The business had revenue of $300.51 million for the quarter, compared to analysts' expectations of $304.87 million. Hilltop had a return on equity of 7.32% and a net margin of 10.13%.During the same period in the previous year, the firm posted $0.65 EPS. As a group, research analysts expect that Hilltop Holdings Inc. will post 2.33 EPS for the current fiscal year.
Hilltop Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Hilltop's dividend payout ratio is 30.30%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. Zacks Research raised Hilltop from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods boosted their target price on Hilltop from $34.00 to $39.00 and gave the company a "market perform" rating in a research report on Tuesday, February 3rd. Wall Street Zen lowered Hilltop from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Finally, Weiss Ratings lowered Hilltop from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.50.
View Our Latest Stock Analysis on Hilltop
Institutional Investors Weigh In On Hilltop
Hedge funds have recently added to or reduced their stakes in the business. Strategic Wealth Advisors LLC purchased a new stake in shares of Hilltop during the 4th quarter worth $33,000. EverSource Wealth Advisors LLC grew its stake in shares of Hilltop by 584.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider's stock worth $33,000 after purchasing an additional 918 shares in the last quarter. Allworth Financial LP increased its holdings in Hilltop by 37.3% in the fourth quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider's stock valued at $39,000 after buying an additional 313 shares during the last quarter. Danske Bank A S purchased a new position in Hilltop in the third quarter valued at $43,000. Finally, Smartleaf Asset Management LLC increased its holdings in Hilltop by 42.7% in the third quarter. Smartleaf Asset Management LLC now owns 1,334 shares of the financial services provider's stock valued at $45,000 after buying an additional 399 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
