Hilltop (NYSE:HTH) CAO Keith Bornemann Sells 2,200 Shares

Hilltop Holdings Inc. (NYSE:HTH) CAO Keith Bornemann sold 2,200 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $35.00, for a total value of $77,000.00. Following the sale, the chief accounting officer directly owned 8,692 shares in the company, valued at $304,220. This represents a 20.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hilltop Stock Down 0.6%

NYSE HTH traded down $0.22 during trading hours on Thursday, hitting $34.63. 492,429 shares of the company were exchanged, compared to its average volume of 371,902. The company has a 50 day moving average of $33.12 and a two-hundred day moving average of $32.04. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 13.80 and a beta of 0.91. Hilltop Holdings Inc. has a 52-week low of $26.67 and a 52-week high of $36.13.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.49 by $0.25. Hilltop had a net margin of 9.86% and a return on equity of 7.18%. The company had revenue of $330.20 million during the quarter, compared to analysts’ expectations of $309.68 million. During the same quarter in the previous year, the business posted $0.46 EPS. On average, equities research analysts predict that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, November 7th. This represents a $0.72 annualized dividend and a yield of 2.1%. Hilltop’s payout ratio is presently 28.69%.

Hedge Funds Weigh In On Hilltop

Large investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in Hilltop by 42.7% in the third quarter. Smartleaf Asset Management LLC now owns 1,334 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 399 shares during the period. EntryPoint Capital LLC boosted its stake in shares of Hilltop by 4.4% in the first quarter. EntryPoint Capital LLC now owns 10,736 shares of the financial services provider’s stock valued at $327,000 after buying an additional 454 shares in the last quarter. GAMMA Investing LLC grew its holdings in Hilltop by 41.6% during the third quarter. GAMMA Investing LLC now owns 1,983 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 583 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Hilltop by 6.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,695 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 674 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Hilltop by 4.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 18,573 shares of the financial services provider’s stock worth $621,000 after purchasing an additional 761 shares in the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on HTH shares. Zacks Research downgraded shares of Hilltop from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Stephens lifted their price target on shares of Hilltop from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Hilltop in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Hilltop has a consensus rating of “Hold” and an average price target of $34.00.

Hilltop Company Profile

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.