Keith Bornemann Sells 2,000 Shares of Hilltop (NYSE:HTH) Stock

Hilltop Holdings Inc. (NYSE:HTH) CAO Keith Bornemann sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $38.00, for a total transaction of $76,000.00. Following the transaction, the chief accounting officer directly owned 7,912 shares in the company, valued at $300,656. This represents a 20.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hilltop Stock Performance

Shares of NYSE HTH traded up $0.40 during midday trading on Wednesday, reaching $38.16. The company’s stock had a trading volume of 228,005 shares, compared to its average volume of 302,125. The company has a market cap of $2.23 billion, a P/E ratio of 14.46 and a beta of 0.89. The business’s 50 day moving average price is $36.70 and its two-hundred day moving average price is $35.67. Hilltop Holdings Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $40.41.

Hilltop (NYSE:HTH) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.10. The business had revenue of $300.51 million during the quarter, compared to analysts’ expectations of $304.87 million. Hilltop had a return on equity of 7.32% and a net margin of 10.13%.During the same period in the previous year, the company posted $0.65 earnings per share. Sell-side analysts forecast that Hilltop Holdings Inc. will post 2.23 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, May 8th. Hilltop’s payout ratio is 30.30%.

Institutional Investors Weigh In On Hilltop

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its stake in Hilltop by 43.3% during the first quarter. Bessemer Group Inc. now owns 165,263 shares of the financial services provider’s stock worth $5,920,000 after purchasing an additional 49,900 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Hilltop by 14.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,851 shares of the financial services provider’s stock worth $678,000 after purchasing an additional 2,397 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Hilltop by 39.8% during the first quarter. Principal Financial Group Inc. now owns 286,079 shares of the financial services provider’s stock worth $10,247,000 after purchasing an additional 81,448 shares during the last quarter. Fifth Third Bancorp lifted its stake in Hilltop by 4,952.2% during the first quarter. Fifth Third Bancorp now owns 9,195 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 9,013 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its stake in Hilltop by 20.1% during the first quarter. Hodges Capital Management Inc. now owns 19,275 shares of the financial services provider’s stock worth $690,000 after purchasing an additional 3,225 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Hilltop in a research note on Tuesday, April 21st. Zacks Research upgraded Hilltop from a “strong sell” rating to a “strong-buy” rating in a research note on Monday. Keefe, Bruyette & Woods boosted their price target on Hilltop from $34.00 to $39.00 and gave the company a “market perform” rating in a research note on Tuesday, February 3rd. Finally, Wall Street Zen upgraded Hilltop from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hilltop currently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

About Hilltop

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.