Hilltop Holdings Inc. (NYSE:HTH) shares traded down 5.7% during mid-day trading on Monday . The company traded as low as $23.69 and last traded at $23.95. 610,043 shares changed hands during trading, an increase of 54% from the average session volume of 396,189 shares. The stock had previously closed at $25.40.
A number of research analysts recently issued reports on the company. Compass Point upgraded Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 price objective for the company in a report on Tuesday, August 1st. Zacks Investment Research downgraded Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub downgraded Hilltop Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. UBS AG downgraded Hilltop Holdings from a “market perform” rating to an “underperform” rating in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Hilltop Holdings in a report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Hilltop Holdings presently has an average rating of “Hold” and a consensus target price of $33.30.
The stock’s 50 day moving average price is $25.38 and its 200-day moving average price is $25.74. The firm has a market capitalization of $2.31 billion, a P/E ratio of 13.40 and a beta of 1.00.
Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.43 by $0.20. Hilltop Holdings had a return on equity of 8.16% and a net margin of 9.00%. The business had revenue of $460.67 million for the quarter, compared to the consensus estimate of $431.80 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. Equities analysts anticipate that Hilltop Holdings Inc. will post $1.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.24 annualized dividend and a yield of 1.00%. Hilltop Holdings’s payout ratio is 15.29%.
In related news, Director J Markham Green sold 4,389 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $25.98, for a total value of $114,026.22. Following the transaction, the director now owns 114,763 shares of the company’s stock, valued at $2,981,542.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Hill A. Feinberg sold 225,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $25.82, for a total value of $5,809,500.00. Following the completion of the transaction, the insider now directly owns 1,083,878 shares in the company, valued at approximately $27,985,729.96. The disclosure for this sale can be found here. Company insiders own 22.50% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Hilltop Holdings by 0.6% in the second quarter. FMR LLC now owns 6,304,653 shares of the financial services provider’s stock valued at $165,245,000 after acquiring an additional 35,179 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hilltop Holdings by 0.5% during the second quarter. Vanguard Group Inc. now owns 5,909,111 shares of the financial services provider’s stock valued at $154,877,000 after buying an additional 28,889 shares during the last quarter. BlackRock Inc. grew its stake in shares of Hilltop Holdings by 26,007.9% during the first quarter. BlackRock Inc. now owns 4,980,856 shares of the financial services provider’s stock valued at $136,824,000 after buying an additional 4,961,778 shares during the last quarter. State Street Corp grew its stake in shares of Hilltop Holdings by 18.3% during the first quarter. State Street Corp now owns 2,198,523 shares of the financial services provider’s stock valued at $60,393,000 after buying an additional 340,542 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Hilltop Holdings by 0.9% during the second quarter. Northern Trust Corp now owns 968,261 shares of the financial services provider’s stock valued at $25,378,000 after buying an additional 8,696 shares during the last quarter. 56.31% of the stock is currently owned by institutional investors and hedge funds.
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About Hilltop Holdings
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
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