North Reef Capital Management LP Sells 331,425 Shares of Hilltop Holdings Inc. (NYSE:HTH)

North Reef Capital Management LP reduced its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 62.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,575 shares of the financial services provider’s stock after selling 331,425 shares during the quarter. North Reef Capital Management LP owned about 0.31% of Hilltop worth $5,685,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Hilltop in the fourth quarter valued at approximately $3,978,000. Hodges Capital Management Inc. grew its holdings in shares of Hilltop by 20.7% in the 4th quarter. Hodges Capital Management Inc. now owns 522,503 shares of the financial services provider’s stock valued at $14,959,000 after buying an additional 89,724 shares during the period. Hsbc Holdings PLC increased its position in shares of Hilltop by 774.5% in the 4th quarter. Hsbc Holdings PLC now owns 66,289 shares of the financial services provider’s stock valued at $1,906,000 after buying an additional 58,709 shares in the last quarter. Barclays PLC raised its stake in Hilltop by 112.9% during the 3rd quarter. Barclays PLC now owns 106,619 shares of the financial services provider’s stock worth $3,428,000 after buying an additional 56,537 shares during the period. Finally, Marshall Wace LLP bought a new position in Hilltop during the fourth quarter worth about $1,617,000. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Hilltop Price Performance

HTH stock opened at $29.28 on Friday. The business has a 50-day moving average of $30.18 and a 200-day moving average of $30.48. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $35.32. The stock has a market capitalization of $1.90 billion, a P/E ratio of 16.83 and a beta of 1.00.

Hilltop (NYSE:HTH) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.37. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. Equities analysts expect that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were issued a $0.18 dividend. This is a boost from Hilltop’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 2.46%. Hilltop’s dividend payout ratio (DPR) is presently 41.38%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their price target on Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a research report on Monday, February 3rd. Raymond James raised shares of Hilltop from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd.

Hilltop Profile

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.