Hilltop Holdings Inc. (NYSE:HTH – Get Free Report) Director Rhodes Bobbitt sold 12,100 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $40.00, for a total value of $484,000.00. Following the sale, the director owned 76,096 shares in the company, valued at approximately $3,043,840. This trade represents a 13.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Hilltop Stock Performance
Shares of HTH opened at $39.82 on Thursday. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 14.75 and a beta of 0.89. The stock has a fifty day moving average price of $38.41 and a two-hundred day moving average price of $37.58. Hilltop Holdings Inc. has a 52-week low of $30.25 and a 52-week high of $40.41.
Hilltop (NYSE:HTH – Get Free Report) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.49 by $0.14. Hilltop had a return on equity of 7.40% and a net margin of 10.17%.The company had revenue of $315.81 million for the quarter, compared to analysts’ expectations of $306.18 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. As a group, research analysts predict that Hilltop Holdings Inc. will post 2.51 EPS for the current fiscal year.
Hilltop Increases Dividend
Wall Street Analysts Forecast Growth
Several research firms have recently commented on HTH. Weiss Ratings cut shares of Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Keefe, Bruyette & Woods upped their price objective on Hilltop from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Wednesday. Piper Sandler reiterated a “neutral” rating and issued a $42.00 price objective on shares of Hilltop in a research report on Tuesday, July 28th. Wall Street Zen cut Hilltop from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Zacks Research upgraded Hilltop from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.
Read Our Latest Stock Report on Hilltop
Institutional Trading of Hilltop
Several institutional investors and hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its position in shares of Hilltop by 0.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 870,474 shares of the financial services provider’s stock worth $26,419,000 after purchasing an additional 7,302 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Hilltop by 32.0% in the first quarter. Goldman Sachs Group Inc. now owns 796,277 shares of the financial services provider’s stock valued at $24,247,000 after buying an additional 192,991 shares during the period. Millennium Management LLC lifted its stake in Hilltop by 3.7% in the third quarter. Millennium Management LLC now owns 762,326 shares of the financial services provider’s stock valued at $25,477,000 after buying an additional 27,203 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Hilltop by 37.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 711,802 shares of the financial services provider’s stock worth $23,788,000 after buying an additional 194,287 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Hilltop by 42.3% during the 3rd quarter. UBS Group AG now owns 647,003 shares of the financial services provider’s stock worth $21,623,000 after buying an additional 192,439 shares during the period. 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.
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