Rhodes Bobbitt Sells 20,000 Shares of Hilltop (NYSE:HTH) Stock

Hilltop Holdings Inc. (NYSE:HTH) Director Rhodes Bobbitt sold 20,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $40.12, for a total value of $802,400.00. Following the sale, the director owned 56,096 shares of the company’s stock, valued at $2,250,571.52. This represents a 26.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hilltop Trading Down 1.0%

NYSE HTH opened at $39.40 on Friday. Hilltop Holdings Inc. has a 12 month low of $30.25 and a 12 month high of $40.41. The stock has a market cap of $2.26 billion, a PE ratio of 14.59 and a beta of 0.89. The stock’s 50 day moving average is $38.45 and its 200 day moving average is $37.61.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. The business had revenue of $315.81 million during the quarter, compared to analyst estimates of $306.18 million. Hilltop had a net margin of 10.17% and a return on equity of 7.40%. During the same period last year, the firm posted $0.57 EPS. On average, analysts forecast that Hilltop Holdings Inc. will post 2.51 EPS for the current fiscal year.

Hilltop Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, August 7th. This is a positive change from Hilltop’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.2%. Hilltop’s dividend payout ratio is 32.59%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Piper Sandler reiterated a “neutral” rating and issued a $42.00 price target on shares of Hilltop in a research note on Tuesday, July 28th. Zacks Research raised Hilltop from a “strong sell” rating to a “strong-buy” rating in a report on Monday, May 4th. Weiss Ratings lowered Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Keefe, Bruyette & Woods raised their price target on Hilltop from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Wall Street Zen downgraded Hilltop from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Hilltop has an average rating of “Moderate Buy” and an average price target of $40.00.

Institutional Trading of Hilltop

A number of large investors have recently made changes to their positions in HTH. Bank of New York Mellon Corp purchased a new stake in shares of Hilltop during the 2nd quarter valued at about $13,091,000. GSA Capital Partners LLP purchased a new position in Hilltop in the second quarter worth about $666,000. Signaturefd LLC increased its stake in Hilltop by 276.4% during the second quarter. Signaturefd LLC now owns 1,370 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 1,006 shares during the last quarter. Bank of America Corp DE raised its position in Hilltop by 159.3% during the first quarter. Bank of America Corp DE now owns 211,095 shares of the financial services provider’s stock valued at $7,561,000 after purchasing an additional 129,683 shares during the period. Finally, Amundi raised its position in Hilltop by 9.8% during the first quarter. Amundi now owns 7,974 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 711 shares during the period. 57.13% of the stock is currently owned by institutional investors.

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.