Short Interest in Hilltop Holdings Inc. (NYSE:HTH) Drops By 37.4%

Hilltop Holdings Inc. (NYSE:HTH) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 1,456,900 shares, a decrease of 37.4% from the June 30th total of 2,328,400 shares. Based on an average trading volume of 437,900 shares, the short-interest ratio is currently 3.3 days. Currently, 2.1% of the shares of the stock are short sold.

Several analysts have recently issued reports on the company. Zacks Investment Research raised Hilltop from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, April 30th. TheStreet raised Hilltop from a “c+” rating to a “b-” rating in a report on Friday, July 19th. Stephens reaffirmed a “hold” rating and set a $22.00 price objective on shares of Hilltop in a report on Friday, July 26th. Finally, ValuEngine upgraded Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hilltop has an average rating of “Buy” and an average price target of $22.50.

In other news, insider Hill A. Feinberg sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $20.26, for a total transaction of $810,400.00. Following the sale, the insider now directly owns 809,153 shares of the company’s stock, valued at approximately $16,393,439.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.20% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. United Capital Financial Advisers LLC boosted its position in Hilltop by 40.8% during the second quarter. United Capital Financial Advisers LLC now owns 113,839 shares of the financial services provider’s stock valued at $2,421,000 after purchasing an additional 33,002 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Hilltop by 37.1% during the second quarter. Parametric Portfolio Associates LLC now owns 121,859 shares of the financial services provider’s stock valued at $2,592,000 after purchasing an additional 32,966 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Hilltop during the second quarter valued at about $364,000. Natixis Advisors L.P. boosted its position in Hilltop by 15.5% during the second quarter. Natixis Advisors L.P. now owns 180,311 shares of the financial services provider’s stock valued at $3,835,000 after purchasing an additional 24,265 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Hilltop by 87.0% during the second quarter. Public Employees Retirement System of Ohio now owns 1,404 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 653 shares in the last quarter. Institutional investors own 62.17% of the company’s stock.

NYSE:HTH traded up $0.16 during midday trading on Tuesday, hitting $22.26. 547,187 shares of the company traded hands, compared to its average volume of 464,369. The firm has a fifty day moving average price of $21.82. Hilltop has a 12-month low of $16.43 and a 12-month high of $23.38. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 17.39 and a beta of 0.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.85.

Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.24. Hilltop had a return on equity of 8.02% and a net margin of 9.56%. The company had revenue of $420.75 million for the quarter, compared to analyst estimates of $380.83 million. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, analysts anticipate that Hilltop will post 1.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.32 annualized dividend and a yield of 1.44%. Hilltop’s payout ratio is presently 25.00%.

Hilltop Company Profile

Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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