Hilltop (NYSE:HTH) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Hilltop Holdings Inc. (NYSE:HTH – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $37.70 and traded as high as $38.20. Hilltop shares last traded at $37.8510, with a volume of 326,851 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HTH shares. Piper Sandler restated a “neutral” rating and set a $42.00 target price on shares of Hilltop in a research note on Tuesday, July 28th. Wall Street Zen raised Hilltop from a “strong sell” rating to a “sell” rating in a report on Sunday. Weiss Ratings upgraded Hilltop from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday, October 21st. Keefe, Bruyette & Woods raised their target price on 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 lowered shares of Hilltop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 7th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.00.

Get Our Latest Stock Analysis on Hilltop

Hilltop Trading Up 1.6%

The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 15.49 and a beta of 0.88. The firm has a 50-day simple moving average of $37.73 and a two-hundred day simple moving average of $37.72.

Hilltop (NYSE:HTH – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.20). Hilltop had a net margin of 9.08% and a return on equity of 6.51%. The business had revenue of $309.51 million during the quarter, compared to the consensus estimate of $320.37 million. During the same period last year, the firm earned $0.74 EPS. On average, sell-side analysts forecast that Hilltop Holdings Inc. will post 2.49 earnings per share for the current year.

Hilltop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, November 6th. Hilltop’s dividend payout ratio is presently 36.67%.

Insider Activity

In other news, Director Rhodes Bobbitt sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $39.50, for a total transaction of $395,000.00. Following the transaction, the director directly owned 45,641 shares of the company’s stock, valued at approximately $1,802,819.50. The trade was a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 20,000 shares of company stock valued at $783,000 in the last quarter. 5.40% of the stock is currently owned by company insiders.

Institutional Trading of Hilltop

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in shares of Hilltop by 39.8% in the 1st quarter. Principal Financial Group Inc. now owns 286,079 shares of the financial services provider’s stock worth $10,247,000 after purchasing an additional 81,448 shares during the period. Bank of America Corp DE purchased a new position in Hilltop during the second quarter valued at $4,067,000. Bank of New York Mellon Corp purchased a new position in shares of Hilltop in the second quarter worth about $13,091,000. Empowered Funds LLC acquired a new stake in Hilltop during the second quarter worth about $10,357,000. Finally, Bessemer Group Inc. lifted its position in Hilltop by 43.3% in the first quarter. Bessemer Group Inc. now owns 165,263 shares of the financial services provider’s stock valued at $5,920,000 after buying an additional 49,900 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Hilltop Company Profile

(Get Free Report)

Hilltop Holdings Inc (NYSE: HTH) is a Dallas-based financial services holding company. Through its operating subsidiaries, the company provides commercial and consumer banking, mortgage lending, and securities brokerage and investment-banking services.

PlainsCapital Bank is Hilltop’s banking subsidiary and serves businesses, professionals, and individuals primarily in Texas. Its offerings include commercial and real estate lending, deposit accounts, treasury management, wealth management, and other banking services.

Hilltop also operates PrimeLending, a residential mortgage lender that originates home loans through a network of loan officers and offices across the United States.

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