Hilltop Holdings Inc. (HTH) To Go Ex-Dividend on May 8th

Hilltop Holdings Inc. (NYSE:HTH) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 8th will be given a dividend of 0.20 per share by the financial services provider on Friday, May 22nd. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, May 8th.

Hilltop has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 8 years. Hilltop has a dividend payout ratio of 43.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hilltop to earn $2.39 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 33.5%.

Hilltop Price Performance

Shares of NYSE:HTH opened at $37.76 on Wednesday. The company’s fifty day moving average price is $36.69 and its 200-day moving average price is $35.62. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 14.30 and a beta of 0.89. Hilltop has a one year low of $28.92 and a one year high of $40.41.

Hilltop (NYSE:HTH) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. Hilltop had a net margin of 10.13% and a return on equity of 7.32%. The company had revenue of $300.51 million during the quarter, compared to the consensus estimate of $304.87 million. During the same period in the previous year, the firm posted $0.65 EPS. As a group, equities research analysts expect that Hilltop will post 2.23 EPS for the current year.

Analysts Set New Price Targets

HTH has been the topic of a number of research reports. Zacks Research upgraded Hilltop from a “strong sell” rating to a “strong-buy” rating in a research report on Monday. Wall Street Zen upgraded Hilltop from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Hilltop in a report on Tuesday, April 21st. Finally, Keefe, Bruyette & Woods boosted their target price on Hilltop from $34.00 to $39.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. One 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. According to data from MarketBeat, the company presently has an average 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.