Hilltop Holdings Inc. (HTH) to Distribute Quarterly Dividend of $0.22 on November 20th

Hilltop Holdings Inc. (NYSE:HTH) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 6th will be paid a dividend of $0.22 per share by the financial services provider on Friday, November 20th. This represents a $0.88 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, November 6th.

Hilltop has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 8 years. Hilltop has a dividend payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hilltop to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 36.1%.

Hilltop Stock Performance

Shares of HTH traded down $0.95 during mid-day trading on Friday, reaching $36.33. 552,414 shares of the company’s stock traded hands, compared to its average volume of 295,597. The business’s 50-day moving average price is $38.00 and its 200-day moving average price is $38.04. The stock has a market capitalization of $2.08 billion, a P/E ratio of 15.14 and a beta of 0.89. Hilltop has a 12 month low of $31.75 and a 12 month high of $40.41.

Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.20). Hilltop had a return on equity of 6.47% and a net margin of 9.08%. The business had revenue of $309.51 million for the quarter, compared to analyst estimates of $320.37 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Equities research analysts anticipate that Hilltop will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. 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 report on Wednesday, August 5th. Raymond James Financial cut Hilltop from a “market perform” rating to an “underperform” rating in a report on Tuesday, October 6th. Zacks Research downgraded Hilltop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 7th. Wall Street Zen lowered Hilltop from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Hilltop in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Hilltop has a consensus rating of “Hold” and a consensus target price of $40.00.

About Hilltop

Hilltop Holdings Inc (NYSE: HTH) is a Dallas-based financial services holding company. Through its operating subsidiaries, the company provides commercial and consumer banking, mortgage lending, and securities brokerage and investment-banking services.

PlainsCapital Bank is Hilltop’s banking subsidiary and serves businesses, professionals, and individuals primarily in Texas. Its offerings include commercial and real estate lending, deposit accounts, treasury management, wealth management, and other banking services.

Hilltop also operates PrimeLending, a residential mortgage lender that originates home loans through a network of loan officers and offices across the United States.