Rhodes Bobbitt Sells 5,000 Shares of Hilltop (NYSE:HTH) Stock

Hilltop Holdings Inc. (NYSE:HTH) Director Rhodes Bobbitt sold 5,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $38.80, for a total transaction of $194,000.00. Following the sale, the director directly owned 30,641 shares in the company, valued at approximately $1,188,870.80. The trade was a 14.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hilltop Stock Up 0.4%

HTH stock opened at $38.65 on Thursday. Hilltop Holdings Inc. has a 52 week low of $30.78 and a 52 week high of $40.41. The firm has a market capitalization of $2.21 billion, a P/E ratio of 14.31 and a beta of 0.89. The company has a fifty day simple moving average of $38.85 and a two-hundred day simple moving average of $37.79.

Hilltop (NYSE:HTH) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. The firm had revenue of $315.81 million for the quarter, compared to the consensus estimate of $306.18 million. Hilltop had a net margin of 10.17% and a return on equity of 7.40%. During the same period in the previous year, the firm posted $0.57 EPS. As a group, analysts anticipate that Hilltop Holdings Inc. will post 2.59 EPS for the current year.

Hilltop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, August 7th. This is an increase from Hilltop’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.3%. Hilltop’s payout ratio is presently 32.59%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Strategic Wealth Advisors LLC bought a new stake in shares of Hilltop during the 4th quarter worth approximately $33,000. EverSource Wealth Advisors LLC grew its position in Hilltop by 584.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 918 shares during the last quarter. Allworth Financial LP grew its position in Hilltop by 37.3% in the 4th quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 313 shares during the last quarter. Danske Bank A S purchased a new stake in Hilltop in the third quarter worth $43,000. Finally, Signaturefd LLC increased its stake in Hilltop by 276.4% in the second quarter. Signaturefd LLC now owns 1,370 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,006 shares during the period. Institutional investors own 57.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on HTH shares. Piper Sandler reiterated a “neutral” rating and issued a $42.00 target price on shares of Hilltop in a report on Tuesday, July 28th. Zacks Research upgraded Hilltop from a “strong sell” rating to a “strong-buy” rating in a report on Monday, May 4th. Weiss Ratings restated a “buy (b)” rating on shares of Hilltop in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods lifted their price objective on shares of Hilltop from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 5th. 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 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 company’s stock. According to data from MarketBeat, Hilltop has an average rating of “Moderate Buy” and an average price target of $40.00.

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.