Hilltop Holdings Inc. (NYSE:HTH) Shareholders to Collect $0.22 Quarterly Dividend

Hilltop Holdings Inc. (NYSE:HTH) announced a quarterly dividend on Thursday, October 22nd. Investors 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 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 6th.

Hilltop has increased its dividend 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 payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 1.2%

HTH traded down $0.43 on Friday, hitting $36.84. The company had a trading volume of 78,466 shares, compared to its average volume of 322,840. The company’s fifty day moving average price is $38.07 and its 200 day moving average price is $38.05. Hilltop has a 1 year low of $31.75 and a 1 year high of $40.41. The firm has a market cap of $2.11 billion, a P/E ratio of 13.65 and a beta of 0.89.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.20). The company had revenue of $309.51 million for the quarter, compared to analysts’ expectations of $320.37 million. Hilltop had a return on equity of 7.40% and a net margin of 10.17%. During the same period last year, the business earned $0.74 EPS. On average, analysts predict that Hilltop will post 2.55 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HTH shares. Weiss Ratings raised shares of Hilltop from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday. Piper Sandler reiterated a “neutral” rating and issued a $42.00 target price on shares of Hilltop in a report on Tuesday, July 28th. Raymond James Financial lowered Hilltop from a “market perform” rating to an “underperform” rating in a research report on Tuesday, October 6th. 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 report on Wednesday, August 5th. Finally, Zacks Research lowered Hilltop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 7th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.