Hilltop Holdings Inc. (NYSE:HTH) CEO Sells $1,006,051.11 in Stock

Hilltop Holdings Inc. (NYSE:HTH) CEO Martin Bradley Winges sold 30,851 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the completion of the sale, the chief executive officer now owns 77,748 shares of the company’s stock, valued at $2,535,362.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Hilltop Trading Down 0.6 %

Hilltop stock traded down $0.19 during trading on Friday, hitting $32.50. 429,316 shares of the company were exchanged, compared to its average volume of 319,308. The company has a market capitalization of $2.11 billion, a P/E ratio of 19.94 and a beta of 1.14. The business’s 50 day moving average is $31.70 and its 200 day moving average is $31.40. Hilltop Holdings Inc. has a 52 week low of $28.45 and a 52 week high of $35.66.

Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. The business had revenue of $411.49 million during the quarter, compared to the consensus estimate of $302.29 million. During the same period in the prior year, the firm posted $0.57 EPS. Equities analysts expect that Hilltop Holdings Inc. will post 1.39 EPS for the current year.

Hilltop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 2.09%. Hilltop’s dividend payout ratio (DPR) is currently 41.72%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Quest Partners LLC boosted its holdings in shares of Hilltop by 1.3% in the 2nd quarter. Quest Partners LLC now owns 29,978 shares of the financial services provider’s stock worth $938,000 after buying an additional 375 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Hilltop by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 400 shares during the period. Inspire Investing LLC increased its stake in shares of Hilltop by 4.7% during the 1st quarter. Inspire Investing LLC now owns 11,452 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 514 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Hilltop by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 40,485 shares of the financial services provider’s stock worth $1,268,000 after purchasing an additional 514 shares during the period. Finally, ProShare Advisors LLC lifted its stake in Hilltop by 7.4% in the first quarter. ProShare Advisors LLC now owns 9,407 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 647 shares during the last quarter. Institutional investors own 57.13% of the company’s stock.

Analysts Set New Price Targets

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