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

Hilltop Holdings Inc. (NYSE:HTH) Director Rhodes Bobbitt sold 455 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $40.25, for a total transaction of $18,313.75. Following the completion of the transaction, the director owned 55,641 shares of the company’s stock, valued at approximately $2,239,550.25. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hilltop Stock Down 1.0%

Shares of Hilltop stock opened at $39.40 on Friday. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 14.59 and a beta of 0.89. Hilltop Holdings Inc. has a twelve month low of $30.25 and a twelve month high of $40.41. The company’s fifty day moving average is $38.45 and its 200 day moving average is $37.61.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.49 by $0.14. The firm had revenue of $315.81 million for the quarter, compared to the consensus estimate of $306.18 million. Hilltop had a return on equity of 7.40% and a net margin of 10.17%.During the same period in the previous year, the business earned $0.57 EPS. As a group, equities analysts anticipate that Hilltop Holdings Inc. will post 2.51 earnings per share for the current fiscal year.

Hilltop Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.2%. This is a boost from Hilltop’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, August 7th. Hilltop’s payout ratio is 32.59%.

Institutional Investors Weigh In On Hilltop

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Wealth Advisors LLC bought a new stake in shares of Hilltop in the 4th quarter worth $33,000. EverSource Wealth Advisors LLC boosted its holdings in Hilltop by 584.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 918 shares during the last quarter. Allworth Financial LP grew its position in Hilltop by 37.3% in the 4th quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 313 shares in the last quarter. Danske Bank A S bought a new stake in Hilltop in the 3rd quarter worth about $43,000. Finally, Signaturefd LLC increased its stake in Hilltop by 276.4% in the 2nd quarter. Signaturefd LLC now owns 1,370 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,006 shares during the last quarter. 57.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.