Hilltop (NYSE:HTH) Director Rhodes Bobbitt Sells 10,000 Shares

by · The Cerbat Gem

Hilltop Holdings Inc. (NYSE:HTH – Get Free Report) Director Rhodes Bobbitt sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $37.25, for a total transaction of $372,500.00. Following the completion of the sale, the director directly owned 117,016 shares of the company’s stock, valued at approximately $4,358,846. The trade was a 7.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hilltop Stock Performance

NYSE HTH traded down $0.53 during trading on Friday, hitting $36.28. The stock had a trading volume of 261,895 shares, compared to its average volume of 366,511. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 13.74 and a beta of 0.89. Hilltop Holdings Inc. has a one year low of $28.92 and a one year high of $40.41. The stock has a 50 day simple moving average of $36.60 and a 200 day simple moving average of $35.87.

Hilltop (NYSE:HTH – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.10. The business had revenue of $300.51 million during the quarter, compared to the consensus estimate of $304.87 million. Hilltop had a net margin of 10.13% and a return on equity of 7.32%. During the same quarter last year, the firm earned $0.65 earnings per share. On average, sell-side analysts predict that Hilltop Holdings Inc. will post 2.23 EPS for the current year.

Hilltop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. Hilltop’s dividend payout ratio (DPR) is 30.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HTH shares. Keefe, Bruyette & Woods raised their target price on shares of Hilltop from $34.00 to $39.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. Zacks Research raised shares of Hilltop from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Hilltop from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Hilltop from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Check Out Our Latest Stock Report on Hilltop

Hedge Funds Weigh In On Hilltop

Several institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its holdings in Hilltop by 0.8% during the second quarter. Ameriprise Financial Inc. now owns 870,474 shares of the financial services provider’s stock valued at $26,419,000 after buying an additional 7,302 shares during the period. Goldman Sachs Group Inc. increased its holdings in Hilltop by 32.0% during the first quarter. Goldman Sachs Group Inc. now owns 796,277 shares of the financial services provider’s stock valued at $24,247,000 after buying an additional 192,991 shares during the period. Millennium Management LLC increased its holdings in Hilltop by 3.7% during the third quarter. Millennium Management LLC now owns 762,326 shares of the financial services provider’s stock valued at $25,477,000 after buying an additional 27,203 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Hilltop by 37.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 711,802 shares of the financial services provider’s stock valued at $23,788,000 after buying an additional 194,287 shares during the period. Finally, UBS Group AG increased its holdings in Hilltop by 42.3% during the third quarter. UBS Group AG now owns 647,003 shares of the financial services provider’s stock valued at $21,623,000 after buying an additional 192,439 shares during the period. 57.13% of the stock is owned by hedge funds and other institutional investors.

Hilltop Company Profile

(Get Free Report)

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.

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