Hilltop Holdings Inc. (NYSE:HTH) to Issue Quarterly Dividend of $0.17

Hilltop Holdings Inc. (NYSE:HTH) announced a quarterly dividend on Thursday, October 24th, NASDAQ reports. Shareholders of record on Friday, November 8th will be given a dividend of 0.17 per share by the financial services provider on Friday, November 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, November 8th.

Hilltop has raised its dividend by an average of 21.1% annually over the last three years. Hilltop has a dividend payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hilltop to earn $1.54 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 44.2%.

Hilltop Price Performance

Hilltop stock opened at $31.13 on Wednesday. The stock’s 50 day moving average is $31.67 and its 200 day moving average is $31.37. Hilltop has a one year low of $28.45 and a one year high of $35.66. The firm has a market cap of $2.02 billion, a P/E ratio of 19.10 and a beta of 1.14.

Hilltop (NYSE:HTH) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. The firm had revenue of $411.49 million for the quarter, compared to the consensus estimate of $302.29 million. During the same quarter in the previous year, the company earned $0.57 EPS. Equities analysts anticipate that Hilltop will post 1.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Hill A. Feinberg sold 17,157 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $32.99, for a total value of $566,009.43. Following the completion of the sale, the director now owns 544,979 shares in the company, valued at $17,978,857.21. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 29.30% of the company’s stock.

Analyst Upgrades and Downgrades

HTH has been the subject of several research analyst reports. StockNews.com raised Hilltop from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Stephens lifted their target price on Hilltop from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods increased their price target on Hilltop from $33.00 to $35.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.50.

About Hilltop

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.