Keith Bornemann Sells 2,200 Shares of Hilltop (NYSE:HTH) Stock

Hilltop Holdings Inc. (NYSE:HTH) CAO Keith Bornemann sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $35.00, for a total transaction of $77,000.00. Following the sale, the chief accounting officer directly owned 8,692 shares of the company’s stock, valued at approximately $304,220. This trade represents a 20.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hilltop Trading Down 0.6%

NYSE HTH traded down $0.22 on Wednesday, hitting $34.63. 492,429 shares of the company were exchanged, compared to its average volume of 401,328. The company has a market cap of $2.12 billion, a PE ratio of 13.80 and a beta of 0.91. The stock has a fifty day moving average of $33.10 and a 200-day moving average of $32.02. Hilltop Holdings Inc. has a 12 month low of $26.67 and a 12 month high of $36.13.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.25. Hilltop had a net margin of 9.86% and a return on equity of 7.18%. The firm had revenue of $330.20 million for the quarter, compared to analyst estimates of $309.68 million. During the same period last year, the firm earned $0.46 earnings per share. On average, analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, November 7th. This represents a $0.72 annualized dividend and a yield of 2.1%. Hilltop’s dividend payout ratio (DPR) is 28.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Hilltop from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Weiss Ratings restated a “buy (b)” rating on shares of Hilltop in a research note on Wednesday, October 8th. Finally, Stephens increased their price target on Hilltop from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hilltop has an average rating of “Hold” and a consensus price target of $34.00.

Institutional Investors Weigh In On Hilltop

Several hedge funds and other institutional investors have recently modified their holdings of HTH. Wealth Enhancement Advisory Services LLC purchased a new stake in Hilltop in the second quarter valued at approximately $363,000. CWM LLC increased its holdings in shares of Hilltop by 404.7% in the 2nd quarter. CWM LLC now owns 14,188 shares of the financial services provider’s stock worth $431,000 after buying an additional 11,377 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Hilltop by 26.6% during the 1st quarter. Russell Investments Group Ltd. now owns 48,434 shares of the financial services provider’s stock valued at $1,475,000 after buying an additional 10,183 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Hilltop by 11.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 17,885 shares of the financial services provider’s stock worth $543,000 after acquiring an additional 1,802 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Hilltop by 141.8% in the second quarter. GAMMA Investing LLC now owns 1,400 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 821 shares in the last quarter. 57.13% of the stock is currently owned by institutional investors.

About Hilltop

Hilltop Holdings Inc provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. 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, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.