Hilltop (NYSE:HTH) Director Rhodes Bobbitt Sells 10,000 Shares

Hilltop Holdings Inc. (NYSE:HTH) Director Rhodes Bobbitt sold 10,000 shares of Hilltop stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $37.75, for a total value of $377,500.00. Following the sale, the director owned 107,016 shares in the company, valued at $4,039,854. This represents a 8.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hilltop Stock Performance

Shares of NYSE HTH opened at $37.65 on Friday. Hilltop Holdings Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $40.41. The company has a 50 day simple moving average of $36.84 and a two-hundred day simple moving average of $36.19. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 14.26 and a beta of 0.89.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.10. Hilltop had a return on equity of 7.32% and a net margin of 10.13%.The firm had revenue of $300.51 million during the quarter, compared to analysts’ expectations of $304.87 million. During the same quarter in the previous year, the business earned $0.65 earnings per share. On average, analysts forecast that Hilltop Holdings Inc. will post 2.33 earnings per share for the current fiscal year.

Hilltop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, May 8th. Hilltop’s dividend payout ratio (DPR) is currently 30.30%.

Institutional Trading of Hilltop

A number of large investors have recently modified their holdings of HTH. EverSource Wealth Advisors LLC lifted its holdings in Hilltop by 22.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,566 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 289 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Hilltop by 1.9% in the 4th quarter. SG Americas Securities LLC now owns 15,919 shares of the financial services provider’s stock worth $540,000 after buying an additional 304 shares during the last quarter. Allworth Financial LP boosted its holdings 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 buying an additional 313 shares during the last quarter. MQS Management LLC boosted its holdings in 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 buying an additional 353 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in 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 buying an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HTH shares. Keefe, Bruyette & Woods upped their target price on shares of Hilltop from $34.00 to $39.00 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. Zacks Research upgraded shares of Hilltop from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, May 4th. Weiss Ratings lowered Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen lowered Hilltop from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hilltop has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

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.