Hilltop Holdings Inc. (NYSE:HTH) CAO Sells $80,000.00 in Stock

Hilltop Holdings Inc. (NYSE:HTH) CAO Keith E. Bornemann sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $32.00, for a total transaction of $80,000.00. Following the completion of the sale, the chief accounting officer now owns 9,124 shares of the company’s stock, valued at approximately $291,968. The trade was a 21.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hilltop Stock Performance

Shares of HTH traded down $0.48 during midday trading on Tuesday, hitting $32.17. 149,336 shares of the stock traded hands, compared to its average volume of 315,891. The business’s 50 day moving average price is $31.75 and its two-hundred day moving average price is $31.54. The firm has a market capitalization of $2.09 billion, a PE ratio of 19.90 and a beta of 1.14. Hilltop Holdings Inc. has a 1-year low of $28.58 and a 1-year high of $35.66.

Hilltop (NYSE:HTH) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. The firm had revenue of $411.49 million during the quarter, compared to analyst estimates of $302.29 million. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. During the same period in the previous year, the business posted $0.57 EPS. As a group, equities research analysts forecast that Hilltop Holdings Inc. will post 1.49 EPS for the current fiscal year.

Hilltop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Friday, November 8th. Hilltop’s payout ratio is currently 41.72%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Hilltop from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Stephens boosted their price target on Hilltop from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Finally, StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hilltop presently has a consensus rating of “Hold” and a consensus price target of $34.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. boosted its stake in Hilltop by 7.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 315,185 shares of the financial services provider’s stock valued at $9,872,000 after purchasing an additional 21,771 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Hilltop by 61.4% in the third quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider’s stock valued at $1,556,000 after buying an additional 18,415 shares during the period. Versor Investments LP boosted its stake in Hilltop by 171.4% during the third quarter. Versor Investments LP now owns 34,200 shares of the financial services provider’s stock valued at $1,100,000 after buying an additional 21,600 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Hilltop by 187.9% during the third quarter. Assenagon Asset Management S.A. now owns 511,286 shares of the financial services provider’s stock worth $16,443,000 after acquiring an additional 333,695 shares during the period. Finally, Denali Advisors LLC bought a new stake in shares of Hilltop in the 2nd quarter worth approximately $1,408,000. Institutional investors and hedge funds own 57.13% of the company’s stock.

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.