Hilltop Holdings Inc. (NYSE:HTH – Get Free Report) Director Rhodes Bobbitt sold 5,000 shares of Hilltop stock in a transaction on Monday, August 24th. The stock was sold at an average price of $38.80, for a total value of $194,000.00. Following the transaction, the director directly owned 25,641 shares of the company’s stock, valued at $994,870.80. This trade represents a 16.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Hilltop Trading Down 0.3%
Shares of HTH opened at $38.55 on Wednesday. The stock has a market cap of $2.21 billion, a P/E ratio of 14.28 and a beta of 0.89. The company has a 50-day moving average of $38.82 and a two-hundred day moving average of $37.80. Hilltop Holdings Inc. has a 12-month low of $30.78 and a 12-month high of $40.41.
Hilltop (NYSE:HTH – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.49 by $0.14. Hilltop had a net margin of 10.17% and a return on equity of 7.40%. The business had revenue of $315.81 million for the quarter, compared to analyst estimates of $306.18 million. During the same period in the prior year, the business earned $0.57 earnings per share. As a group, analysts forecast that Hilltop Holdings Inc. will post 2.59 EPS for the current fiscal year.
Hilltop Increases Dividend
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on HTH. Wall Street Zen cut Hilltop from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilltop in a research note on Wednesday, August 19th. Piper Sandler reiterated a “neutral” rating and set a $42.00 price objective on shares of Hilltop in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods boosted their target price on shares of Hilltop from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Hilltop from a “strong sell” rating to a “strong-buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Hilltop currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.
Read Our Latest Research Report on Hilltop
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Strategic Wealth Advisors LLC acquired a new stake in shares of Hilltop in the fourth quarter worth approximately $33,000. EverSource Wealth Advisors LLC raised its stake in Hilltop by 584.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 918 shares during the period. Allworth Financial LP boosted its holdings 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 last quarter. Danske Bank A S acquired a new position in shares of Hilltop in the 3rd quarter valued at $43,000. Finally, Signaturefd LLC grew its stake in shares of Hilltop by 276.4% during the 2nd quarter. Signaturefd LLC now owns 1,370 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,006 shares during the period. Institutional investors and hedge funds 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.
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