Rhodes Bobbitt Sells 455 Shares of Hilltop (NYSE:HTH) Stock

Hilltop Holdings Inc. (NYSE:HTH) Director Rhodes Bobbitt sold 455 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $40.25, for a total value of $18,313.75. Following the sale, the director owned 55,641 shares of the company’s stock, valued at $2,239,550.25. This represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hilltop Stock Down 0.4%

NYSE HTH traded down $0.18 during trading hours on Wednesday, reaching $39.82. The company’s stock had a trading volume of 242,060 shares, compared to its average volume of 257,644. Hilltop Holdings Inc. has a 1 year low of $30.25 and a 1 year high of $40.41. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 14.75 and a beta of 0.89. The firm’s 50-day moving average price is $38.41 and its 200-day moving average price is $37.58.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.14. Hilltop had a net margin of 10.17% and a return on equity of 7.40%. The firm had revenue of $315.81 million for the quarter, compared to analysts’ expectations of $306.18 million. During the same quarter last year, the business posted $0.57 earnings per share. Equities research analysts anticipate that Hilltop Holdings Inc. will post 2.51 EPS for the current fiscal year.

Hilltop Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a $0.22 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.88 dividend on an annualized basis and a yield of 2.2%. This is an increase from Hilltop’s previous quarterly dividend of $0.20. Hilltop’s payout ratio is presently 29.63%.

Analyst Ratings Changes

HTH has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their price objective on Hilltop from $40.00 to $42.00 and gave the company a “market perform” rating in a research report on Wednesday. Zacks Research upgraded Hilltop from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, May 4th. Piper Sandler restated a “neutral” rating and set a $42.00 price target on shares of Hilltop in a report on Tuesday, July 28th. Wall Street Zen downgraded Hilltop from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings cut Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Hilltop currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in Hilltop by 22.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,566 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 289 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Hilltop by 1.9% in the 4th quarter. SG Americas Securities LLC now owns 15,919 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 304 shares during the last quarter. Allworth Financial LP lifted its stake 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 during the last quarter. MQS Management LLC boosted its holdings in shares of Hilltop by 2.2% in the 1st quarter. MQS Management LLC now owns 16,453 shares of the financial services provider’s stock worth $589,000 after purchasing an additional 353 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Hilltop by 1.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 37,559 shares of the financial services provider’s stock worth $1,275,000 after purchasing an additional 368 shares during the period. Institutional investors own 57.13% of the company’s stock.

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.