Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) Director Rhodes Bobbitt sold 10,000 shares of Hilltop stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $39.50, for a total value of $395,000.00. Following the transaction, the director owned 45,641 shares in the company, valued at approximately $1,802,819.50. The trade was a 17.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Hilltop Stock Performance
NYSE HTH opened at $39.42 on Tuesday. The stock's fifty day moving average is $38.73 and its two-hundred day moving average is $37.76. The firm has a market capitalization of $2.26 billion, a P/E ratio of 14.60 and a beta of 0.89. Hilltop Holdings Inc. has a fifty-two week low of $30.78 and a fifty-two week high of $40.41.
Hilltop (NYSE:HTH - Get Free Report) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.14. Hilltop had a return on equity of 7.40% and a net margin of 10.17%.The business had revenue of $315.81 million during the quarter, compared to the consensus estimate of $306.18 million. During the same period last year, the company earned $0.57 EPS. As a group, sell-side analysts forecast that Hilltop Holdings Inc. will post 2.59 EPS for the current year.
Hilltop Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, August 7th. This is an increase from Hilltop's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.2%. Hilltop's dividend payout ratio (DPR) is 32.59%.
Analyst Ratings Changes
HTH has been the subject of several analyst reports. Wall Street Zen cut shares of Hilltop from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Zacks Research upgraded Hilltop from a "strong sell" rating to a "strong-buy" rating in a report on Monday, May 4th. Weiss Ratings lowered Hilltop from a "buy (b+)" rating to a "buy (b)" rating in a research report on Friday, May 22nd. Keefe, Bruyette & Woods raised their target price on Hilltop from $40.00 to $42.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 5th. Finally, Piper Sandler restated a "neutral" rating and issued a $42.00 target price on shares of Hilltop in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.
Get Our Latest Stock Analysis on Hilltop
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Strategic Wealth Advisors LLC purchased a new stake in shares of Hilltop in the 4th quarter valued at approximately $33,000. EverSource Wealth Advisors LLC boosted its position in shares of Hilltop by 584.7% during the 2nd 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 during the period. Allworth Financial LP boosted its position in shares of Hilltop by 37.3% during the 4th quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider's stock worth $39,000 after purchasing an additional 313 shares during the period. Danske Bank A S acquired a new stake in Hilltop in the 3rd quarter valued at approximately $43,000. Finally, Signaturefd LLC raised its position in Hilltop by 276.4% in the second quarter. Signaturefd LLC now owns 1,370 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 1,006 shares during the period. 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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