Hilltop (NYSE:HTH) CEO Steve Thompson Sells 6,640 Shares of Stock

Hilltop Holdings Inc. (NYSE:HTH) CEO Steve Thompson sold 6,640 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $32.68, for a total transaction of $216,995.20. Following the sale, the chief executive officer directly owned 102,998 shares in the company, valued at $3,365,974.64. This represents a 6.06% 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 1.0%

Shares of Hilltop stock opened at $33.66 on Tuesday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 15.09 and a beta of 0.88. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $36.13. The firm’s 50-day moving average price is $33.00 and its two-hundred day moving average price is $31.04.

Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.16. The firm had revenue of $303.31 million for the quarter, compared to analysts’ expectations of $310.18 million. Hilltop had a net margin of 8.90% and a return on equity of 6.46%. During the same period in the prior year, the firm earned $0.31 earnings per share. As a group, equities research analysts predict that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Hilltop’s dividend payout ratio is currently 32.29%.

Hedge Funds Weigh In On Hilltop

Several large investors have recently bought and sold shares of HTH. Hantz Financial Services Inc. acquired a new position in Hilltop in the second quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its holdings in Hilltop by 584.7% in 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 during the period. GAMMA Investing LLC raised its holdings in Hilltop by 141.8% in the second quarter. GAMMA Investing LLC now owns 1,400 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 821 shares during the period. SouthState Corp acquired a new stake in Hilltop in the first quarter worth $56,000. Finally, CWM LLC raised its holdings in Hilltop by 134.4% in the first quarter. CWM LLC now owns 2,811 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,612 shares during the period. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Hilltop has a consensus rating of “Hold” and a consensus price target of $32.00.

About Hilltop

Hilltop Holdings Inc provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.