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

Hilltop Holdings Inc. (NYSE:HTH) Director Rhodes Bobbitt sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $38.00, for a total transaction of $380,000.00. Following the completion of the transaction, the director owned 87,016 shares in the company, valued at approximately $3,306,608. The trade was a 10.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Hilltop Trading Up 0.5%

HTH opened at $37.31 on Friday. The company has a fifty day moving average price of $37.11 and a two-hundred day moving average price of $36.32. Hilltop Holdings Inc. has a 1-year low of $28.92 and a 1-year high of $40.41. The company has a market cap of $2.18 billion, a P/E ratio of 14.13 and a beta of 0.88.

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

Hilltop Dividend Announcement

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

Institutional Investors Weigh In On Hilltop

Institutional investors have recently added to or reduced their stakes in the company. Mangrove Partners IM LLC bought a new position in shares of Hilltop during the 3rd quarter valued at approximately $987,000. Public Sector Pension Investment Board grew its position in shares of Hilltop by 10.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 171,976 shares of the financial services provider’s stock valued at $5,747,000 after acquiring an additional 16,683 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Hilltop by 156.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 81,675 shares of the financial services provider’s stock valued at $2,772,000 after acquiring an additional 49,859 shares during the period. Royce & Associates LP grew its position in shares of Hilltop by 16.9% during the 3rd quarter. Royce & Associates LP now owns 282,690 shares of the financial services provider’s stock valued at $9,448,000 after acquiring an additional 40,902 shares during the period. Finally, King Luther Capital Management Corp grew its position in shares of Hilltop by 18.2% during the 3rd quarter. King Luther Capital Management Corp now owns 153,149 shares of the financial services provider’s stock valued at $5,118,000 after acquiring an additional 23,600 shares during the period. 57.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HTH has been the topic of several research reports. Zacks Research upgraded shares of Hilltop from a “strong sell” rating to a “strong-buy” rating in a report on Monday, May 4th. Weiss Ratings lowered shares of Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 22nd. Finally, Wall Street Zen lowered shares of Hilltop from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.