Keith Bornemann Sells 2,000 Shares of Hilltop (NYSE:HTH) Stock

Hilltop Holdings Inc. (NYSE:HTH) CAO Keith Bornemann sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $38.00, for a total value of $76,000.00. Following the completion of the sale, the chief accounting officer owned 7,912 shares of the company’s stock, valued at approximately $300,656. This trade represents a 20.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hilltop Stock Performance

NYSE HTH opened at $38.24 on Friday. Hilltop Holdings Inc. has a fifty-two week low of $28.92 and a fifty-two week high of $40.41. The stock has a 50 day simple moving average of $36.71 and a two-hundred day simple moving average of $35.72. The stock has a market cap of $2.24 billion, a P/E ratio of 14.48 and a beta of 0.89.

Hilltop (NYSE:HTH) last released its quarterly earnings data 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 business had revenue of $300.51 million during the quarter, compared to analysts’ expectations of $304.87 million. During the same quarter last year, the business posted $0.65 EPS. Sell-side analysts predict that Hilltop Holdings Inc. will post 2.23 earnings per share for the current year.

Hilltop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be issued a $0.20 dividend. The ex-dividend date is Friday, May 8th. This represents a $0.80 annualized dividend and a yield of 2.1%. Hilltop’s dividend payout ratio (DPR) is 30.30%.

Wall Street Analyst Weigh In

HTH has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their price objective on 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 Hilltop from a “strong sell” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Hilltop in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded Hilltop from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Strategic Wealth Advisors LLC purchased a new position in shares of Hilltop in the 4th quarter valued at approximately $33,000. EverSource Wealth Advisors LLC lifted its stake in shares of Hilltop by 584.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 918 shares during the period. Allworth Financial LP lifted its stake in shares of Hilltop by 37.3% in the 4th quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 313 shares during the period. Danske Bank A S purchased a new position in shares of Hilltop in the 3rd quarter valued at approximately $43,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Hilltop by 42.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,334 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 399 shares during the period. Hedge funds and other institutional investors own 57.13% of the company’s stock.

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.