Hilltop Holdings Inc. $HTH Stake Lessened by Tectonic Advisors LLC

Tectonic Advisors LLC lessened its stake in Hilltop Holdings Inc. (NYSE:HTH) by 31.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,860 shares of the financial services provider’s stock after selling 14,948 shares during the period. Tectonic Advisors LLC’s holdings in Hilltop were worth $967,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HTH. GAMMA Investing LLC increased its stake in Hilltop by 4,242.6% during the first quarter. GAMMA Investing LLC now owns 17,631 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 17,225 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Hilltop by 19.7% during the first quarter. Harbor Capital Advisors Inc. now owns 16,083 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 2,651 shares during the last quarter. SG Americas Securities LLC increased its stake in Hilltop by 182.9% during the first quarter. SG Americas Securities LLC now owns 11,623 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 7,515 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Hilltop by 2.1% during the first quarter. Illinois Municipal Retirement Fund now owns 24,552 shares of the financial services provider’s stock valued at $748,000 after purchasing an additional 495 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Hilltop by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 16,012 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 5,613 shares during the last quarter. Institutional investors own 57.13% of the company’s stock.

Hilltop Stock Performance

Shares of HTH opened at $32.50 on Friday. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $36.13. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 14.57 and a beta of 0.87. The firm has a fifty day moving average of $33.41 and a 200-day moving average of $31.16.

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, topping the consensus estimate of $0.41 by $0.16. The business had revenue of $303.31 million during the quarter, compared to the consensus estimate of $310.18 million. Hilltop had a net margin of 8.90% and a return on equity of 6.46%. During the same quarter in the prior year, the company posted $0.31 earnings per share. Analysts predict that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Announces Dividend

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

Insider Activity

In other Hilltop news, CEO Steve B. Thompson sold 6,640 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $32.68, for a total value of $216,995.20. Following the sale, the chief executive officer directly owned 102,998 shares in the company, valued at approximately $3,365,974.64. The trade was a 6.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Jonathan S. Sobel purchased 10,000 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was acquired at an average price of $35.36 per share, for a total transaction of $353,600.00. Following the completion of the transaction, the chairman owned 127,429 shares of the company’s stock, valued at $4,505,889.44. This represents a 8.52% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 60,000 shares of company stock valued at $2,022,800 in the last ninety days. Corporate insiders own 29.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wall Street Zen upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Hilltop in a report on Wednesday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Hilltop has a consensus rating of “Hold” and an average target price of $32.00.

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.