Hilltop (NYSE:HTH) Director Sells $395,000.00 in Stock

Hilltop Holdings Inc. (NYSE:HTH) Director Rhodes Bobbitt sold 10,000 shares of Hilltop stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $39.50, for a total transaction of $395,000.00. Following the completion of the transaction, the director owned 45,641 shares in the company, valued at approximately $1,802,819.50. This represents a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hilltop Stock Performance

Shares of NYSE:HTH opened at $38.47 on Thursday. Hilltop Holdings Inc. has a one year low of $30.78 and a one year high of $40.41. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 14.25 and a beta of 0.89. The company has a 50-day simple moving average of $38.77 and a 200-day simple moving average of $37.79.

Hilltop (NYSE:HTH) last released its quarterly 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. 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 quarter last year, the company posted $0.57 earnings per share. As a group, research analysts forecast that Hilltop Holdings Inc. will post 2.59 EPS for the current fiscal year.

Hilltop Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.22 dividend. This is an increase from Hilltop’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, August 7th. This represents a $0.88 annualized dividend and a dividend yield of 2.3%. Hilltop’s dividend payout ratio (DPR) is 32.59%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Strategic Wealth Advisors LLC acquired a new stake in Hilltop in the fourth quarter valued at $33,000. EverSource Wealth Advisors LLC grew its stake 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 increased its holdings in shares of Hilltop by 37.3% in the 4th quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 313 shares in the last quarter. Danske Bank A S purchased a new position in shares of Hilltop in the 3rd quarter valued at about $43,000. Finally, Signaturefd LLC lifted its stake in shares of 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Hilltop from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Zacks Research upgraded shares of Hilltop from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, May 4th. Weiss Ratings cut shares of Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Keefe, Bruyette & Woods lifted their target price on shares of Hilltop from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday, August 5th. Finally, Piper Sandler reiterated a “neutral” rating and set a $42.00 price target on shares of Hilltop in a research note on Tuesday, July 28th. One 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.00.

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.