Hilltop (NYSE:HTH) Director Rhodes Bobbitt Sells 455 Shares

Hilltop Holdings Inc. (NYSE:HTH) Director Rhodes Bobbitt sold 455 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $40.25, for a total value of $18,313.75. Following the transaction, the director directly owned 55,641 shares of the company’s stock, valued at approximately $2,239,550.25. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Hilltop Stock Performance

Shares of NYSE HTH opened at $39.82 on Thursday. Hilltop Holdings Inc. has a fifty-two week low of $30.25 and a fifty-two week high of $40.41. The firm has a market capitalization of $2.28 billion, a PE ratio of 14.75 and a beta of 0.89. The stock’s 50-day simple moving average is $38.41 and its 200-day simple moving average is $37.58.

Hilltop (NYSE:HTH) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. The firm had revenue of $315.81 million during the quarter, compared to the consensus estimate 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 prior year, the company posted $0.57 earnings per share. On average, sell-side analysts forecast that Hilltop Holdings Inc. will post 2.51 earnings per share for the current fiscal year.

Hilltop Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 7th. This is a positive change from Hilltop’s previous quarterly dividend of $0.20. Hilltop’s dividend payout ratio (DPR) is currently 29.63%.

Analyst Ratings Changes

HTH has been the subject of a number of research reports. Zacks Research raised shares of Hilltop from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, May 4th. Weiss Ratings cut Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Wall Street Zen downgraded Hilltop from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Piper Sandler reissued a “neutral” rating and issued a $42.00 target price on shares of Hilltop in a research report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods raised 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Hilltop has an average rating of “Moderate Buy” and an average target price of $40.00.

Hedge Funds Weigh In On Hilltop

A number of institutional investors have recently modified their holdings of the company. Strategic Wealth Advisors LLC purchased a new stake in Hilltop in the 4th quarter worth approximately $33,000. EverSource Wealth Advisors LLC lifted its position in 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 buying an additional 918 shares during the period. Allworth Financial LP boosted its stake in Hilltop by 37.3% in the 4th quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider’s stock worth $39,000 after buying an additional 313 shares during the last quarter. Danske Bank A S purchased a new stake in Hilltop in the 3rd quarter valued at about $43,000. Finally, Signaturefd LLC increased its stake in shares of Hilltop by 276.4% during the 2nd quarter. Signaturefd LLC now owns 1,370 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 1,006 shares during the last quarter. Institutional investors and hedge funds own 57.13% of the company’s stock.

Hilltop Company Profile

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.