Hilltop (NYSE:HTH) Hits New 1-Year Low – Here’s What Happened

Shares of Hilltop Holdings Inc. (NYSE:HTH) reached a new 52-week low on Monday . The stock traded as low as $26.61 and last traded at $27.25, with a volume of 403 shares traded. The stock had previously closed at $28.58.

Analyst Upgrades and Downgrades

HTH has been the subject of several research analyst reports. Raymond James raised Hilltop from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their price objective on shares of Hilltop from $35.00 to $34.00 and set a “market perform” rating for the company in a report on Monday, February 3rd.

Hilltop Stock Down 0.6 %

The firm has a market capitalization of $1.84 billion, a PE ratio of 16.35 and a beta of 1.00. The stock has a 50-day simple moving average of $31.00 and a 200-day simple moving average of $30.83.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.27. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. Equities analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were paid a dividend of $0.18 per share. This is a boost from Hilltop’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, February 13th. Hilltop’s dividend payout ratio is presently 41.38%.

Institutional Investors Weigh In On Hilltop

A number of hedge funds and other institutional investors have recently bought and sold shares of HTH. Venturi Wealth Management LLC purchased a new position in shares of Hilltop in the fourth quarter valued at $27,000. Sunbelt Securities Inc. purchased a new position in Hilltop during the 3rd quarter valued at about $29,000. Sterling Capital Management LLC increased its position in shares of Hilltop by 827.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider’s stock valued at $43,000 after buying an additional 1,332 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Hilltop in the third quarter worth about $49,000. Finally, KBC Group NV lifted its holdings in shares of Hilltop by 64.0% in the fourth quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock worth $75,000 after buying an additional 1,023 shares in the last quarter. Institutional investors own 57.13% of the company’s stock.

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.