Hilltop Holdings Inc. (NYSE:HTH – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $36.60 and traded as high as $38.06. Hilltop shares last traded at $37.7470, with a volume of 993,464 shares.
Analyst Upgrades and Downgrades
HTH has been the subject of several recent research reports. Weiss Ratings downgraded Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Zacks Research raised Hilltop from a “strong sell” rating to a “strong-buy” rating in a report on Monday, May 4th. Finally, Wall Street Zen cut shares of Hilltop from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.50.
Get Our Latest Stock Analysis on HTH
Hilltop Stock Down 0.3%
Hilltop (NYSE:HTH – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The company had revenue of $300.51 million during the quarter, compared to the consensus estimate of $304.87 million. Hilltop had a net margin of 10.13% and a return on equity of 7.32%. During the same period in the previous year, the business earned $0.65 earnings per share. Research analysts predict that Hilltop Holdings Inc. will post 2.33 earnings per share for the current fiscal year.
Hilltop Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.80 annualized dividend and a yield of 2.1%. Hilltop’s payout ratio is currently 30.30%.
Insiders Place Their Bets
In other news, CAO Keith E. Bornemann sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $38.00, for a total transaction of $76,000.00. Following the completion of the sale, the chief accounting officer directly owned 7,912 shares in the company, valued at approximately $300,656. This represents a 20.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rhodes R. Bobbitt sold 10,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $38.00, for a total value of $380,000.00. Following the sale, the director directly owned 87,016 shares in the company, valued at approximately $3,306,608. This trade represents a 10.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 32,000 shares of company stock valued at $1,206,000. Corporate insiders own 5.40% of the company’s stock.
Institutional Investors Weigh In On Hilltop
A number of large investors have recently bought and sold shares of HTH. Strategic Wealth Advisors LLC acquired a new position in shares of Hilltop in the 4th quarter valued at approximately $33,000. EverSource Wealth Advisors LLC boosted its position in shares of Hilltop by 584.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 918 shares in the last quarter. Allworth Financial LP boosted its position in shares of Hilltop by 37.3% during the 4th quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 313 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Hilltop during the 3rd quarter worth approximately $43,000. Finally, Smartleaf Asset Management LLC increased its stake in Hilltop by 42.7% in the third quarter. Smartleaf Asset Management LLC now owns 1,334 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 399 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.
About Hilltop
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.
Featured Articles
- Five stocks we like better than Hilltop
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
- Why Kroger’s Pullback Could Be a Gift for Patient Investors
Receive News & Ratings for Hilltop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilltop and related companies with MarketBeat.com's FREE daily email newsletter.
