Hilltop Holdings Inc. (HTH) To Go Ex-Dividend on August 7th

Hilltop Holdings Inc. (NYSE:HTH) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Friday, August 7th will be given a dividend of 0.22 per share by the financial services provider on Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 7th. This is a 10.0% increase from Hilltop’s previous quarterly dividend of $0.20.

Hilltop has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 8 years. Hilltop has a dividend payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hilltop to earn $2.51 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 35.1%.

Hilltop Price Performance

HTH opened at $39.98 on Wednesday. Hilltop has a 1 year low of $30.11 and a 1 year high of $40.41. The company has a market capitalization of $2.29 billion, a PE ratio of 14.81 and a beta of 0.89. The business has a fifty day simple moving average of $38.37 and a 200 day simple moving average of $37.55.

Hilltop (NYSE:HTH) 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 the consensus estimate of $306.18 million. During the same period in the prior year, the company posted $0.57 earnings per share. Equities analysts anticipate that Hilltop will post 2.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HTH shares. Wall Street Zen lowered shares of Hilltop from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings lowered Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Zacks Research upgraded shares of Hilltop from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, Piper Sandler restated a “neutral” rating and set a $42.00 price target on shares of Hilltop in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Hilltop presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

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.