Hilltop Holdings Inc. (NYSE:HTH) Announces $0.17 Quarterly Dividend

Hilltop Holdings Inc. (NYSE:HTH) announced a quarterly dividend on Thursday, October 24th, NASDAQ reports. Investors of record on Friday, November 8th will be paid a dividend of 0.17 per share by the financial services provider on Friday, November 22nd. This represents a $0.68 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Friday, November 8th.

Hilltop has increased its dividend payment by an average of 21.1% annually over the last three years. Hilltop has a payout ratio of 42.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hilltop to earn $1.54 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 44.2%.

Hilltop Trading Down 1.1 %

HTH traded down $0.33 on Friday, hitting $30.22. The company had a trading volume of 362,385 shares, compared to its average volume of 309,392. The firm has a market cap of $1.97 billion, a P/E ratio of 17.85 and a beta of 1.13. Hilltop has a 1 year low of $26.96 and a 1 year high of $35.66. The company’s fifty day moving average price is $31.84 and its 200 day moving average price is $31.27.

Hilltop (NYSE:HTH) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. The company had revenue of $411.49 million for the quarter, compared to analyst estimates of $302.29 million. Hilltop had a net margin of 7.10% and a return on equity of 5.30%. During the same period in the prior year, the firm earned $0.57 earnings per share. On average, analysts predict that Hilltop will post 1.38 earnings per share for the current year.

Insider Transactions at Hilltop

In other news, Director Hill A. Feinberg sold 17,157 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $32.99, for a total transaction of $566,009.43. Following the completion of the transaction, the director now directly owns 544,979 shares of the company’s stock, valued at approximately $17,978,857.21. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 28.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Hilltop Company Profile

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.