Hilltop (NYSE:HTH) CEO Sells $363,348.83 in Stock

Hilltop Holdings Inc. (NYSE:HTH) CEO Steve Thompson sold 11,687 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $31.09, for a total value of $363,348.83. Following the completion of the sale, the chief executive officer directly owned 109,638 shares of the company’s stock, valued at $3,408,645.42. This represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hilltop Trading Down 1.3%

HTH opened at $32.99 on Thursday. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $36.13. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 14.79 and a beta of 0.87. The business has a 50 day moving average of $33.08 and a 200-day moving average of $31.07.

Hilltop (NYSE:HTH) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.16. Hilltop had a return on equity of 6.46% and a net margin of 8.90%.The company had revenue of $303.31 million during the quarter, compared to analysts’ expectations of $310.18 million. During the same period in the prior year, the business earned $0.31 earnings per share. Equities analysts predict that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, August 15th. Hilltop’s dividend payout ratio (DPR) is 32.29%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new position in Hilltop during the second quarter worth $27,000. EverSource Wealth Advisors LLC raised its stake 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 acquiring an additional 918 shares in the last quarter. GAMMA Investing LLC raised its stake in Hilltop by 141.8% during the second quarter. GAMMA Investing LLC now owns 1,400 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 821 shares in the last quarter. SouthState Corp acquired a new position in Hilltop during the first quarter worth $56,000. Finally, CWM LLC raised its stake in Hilltop by 134.4% during the first quarter. CWM LLC now owns 2,811 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 1,612 shares in the last quarter. 57.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Hilltop from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.00.

Hilltop Company Profile

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.