Key Points
- Insider sale: Hilltop Director Rhodes Bobbitt sold 10,000 shares on June 2 at $38.00 each, generating about $380,000 and reducing his stake by 10.31%.
- Stock and valuation: Hilltop shares were up 3.0% and traded around $37.21, near the stock’s 50-day and 200-day moving averages, with a market cap of $2.18 billion.
- Financial and income highlights: The company recently beat earnings estimates with quarterly EPS of $0.64 versus $0.54 expected, and it paid a $0.20 quarterly dividend, implying a 2.2% yield.
Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) Director Rhodes Bobbitt sold 10,000 shares of Hilltop stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $38.00, for a total value of $380,000.00. Following the completion of the transaction, the director owned 87,016 shares in the company, valued at $3,306,608. This represents a 10.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Hilltop Trading Up 3.0%
Shares of NYSE:HTH opened at $37.21 on Friday. Hilltop Holdings Inc. has a 12-month low of $28.92 and a 12-month high of $40.41. The business's fifty day simple moving average is $37.08 and its 200-day simple moving average is $36.31. The company has a market capitalization of $2.18 billion, a PE ratio of 14.09 and a beta of 0.88.
Hilltop (NYSE:HTH - Get Free Report) last announced 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. Hilltop had a return on equity of 7.32% and a net margin of 10.13%.The firm had revenue of $300.51 million for the quarter, compared to the consensus estimate of $304.87 million. During the same period in the previous year, the business earned $0.65 EPS. Research analysts predict that Hilltop Holdings Inc. will post 2.33 EPS for the current year.
Hilltop Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, May 8th. Hilltop's payout ratio is 30.30%.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Zacks Research upgraded Hilltop from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, May 4th. Weiss Ratings downgraded Hilltop from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, May 22nd. Finally, Wall Street Zen downgraded Hilltop from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.50.
Read Our Latest Analysis on Hilltop
Institutional Trading of Hilltop
Several large investors have recently added to or reduced their stakes in HTH. Millennium Management LLC grew its stake in Hilltop by 236.4% during the 1st quarter. Millennium Management LLC now owns 461,206 shares of the financial services provider's stock valued at $14,044,000 after purchasing an additional 324,108 shares during the last quarter. Two Sigma Investments LP grew its stake in Hilltop by 106.9% during the 3rd quarter. Two Sigma Investments LP now owns 493,802 shares of the financial services provider's stock valued at $16,503,000 after purchasing an additional 255,141 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in Hilltop during the 3rd quarter valued at about $8,337,000. Jacobs Levy Equity Management Inc. grew its stake 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 valued at $23,788,000 after purchasing an additional 194,287 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake 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 valued at $24,247,000 after purchasing an additional 192,991 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company's stock.
About Hilltop
(
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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