Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) Director Rhodes Bobbitt sold 5,000 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $38.80, for a total transaction of $194,000.00. Following the sale, the director directly owned 25,641 shares of the company's stock, valued at approximately $994,870.80. This trade represents a 16.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Hilltop Price Performance
NYSE:HTH opened at $38.55 on Wednesday. The firm has a market capitalization of $2.21 billion, a PE ratio of 14.28 and a beta of 0.89. Hilltop Holdings Inc. has a 12 month low of $30.78 and a 12 month high of $40.41. The business's 50-day moving average is $38.82 and its two-hundred day moving average is $37.80.
Hilltop (NYSE:HTH - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.49 by $0.14. The firm had revenue of $315.81 million for the quarter, compared to analyst estimates of $306.18 million. Hilltop had a return on equity of 7.40% and a net margin of 10.17%.During the same period in the previous year, the company posted $0.57 EPS. Equities analysts anticipate that Hilltop Holdings Inc. will post 2.59 EPS for the current year.
Hilltop Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 7th. This is a positive change from Hilltop's previous quarterly dividend of $0.20. Hilltop's dividend payout ratio (DPR) is 32.59%.
Hedge Funds Weigh In On Hilltop
A number of hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its stake in Hilltop by 156.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 81,675 shares of the financial services provider's stock worth $2,772,000 after acquiring an additional 49,859 shares during the period. Principal Financial Group Inc. raised its position in shares of Hilltop by 39.8% during the 1st quarter. Principal Financial Group Inc. now owns 286,079 shares of the financial services provider's stock worth $10,247,000 after purchasing an additional 81,448 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Hilltop by 43.3% in the 1st quarter. Bessemer Group Inc. now owns 165,263 shares of the financial services provider's stock worth $5,920,000 after purchasing an additional 49,900 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Hilltop by 53.5% in the 1st quarter. First Trust Advisors LP now owns 84,304 shares of the financial services provider's stock worth $3,020,000 after purchasing an additional 29,395 shares during the last quarter. Finally, Ieq Capital LLC acquired a new position in Hilltop during the 2nd quarter valued at approximately $3,961,000. 57.13% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have commented on HTH. Wall Street Zen lowered shares of Hilltop from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Keefe, Bruyette & Woods boosted their price target on Hilltop from $40.00 to $42.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 5th. Zacks Research raised Hilltop from a "strong sell" rating to a "strong-buy" rating in a report on Monday, May 4th. Weiss Ratings restated a "buy (b)" rating on shares of Hilltop in a research note on Wednesday, August 19th. Finally, Piper Sandler restated a "neutral" rating and set a $42.00 price objective on shares of Hilltop in a 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $40.00.
Check Out Our Latest Stock Analysis on Hilltop
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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