Hilltop (NYSE:HTH) Sets New 52-Week Low at $24.97

Hilltop Holdings Inc. (NYSE:HTHGet Rating)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $24.97 and last traded at $24.97, with a volume of 36 shares. The stock had previously closed at $25.59.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HTH. Piper Sandler dropped their price objective on shares of Hilltop to $28.00 in a research note on Monday, July 4th. StockNews.com lowered shares of Hilltop from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Finally, Raymond James lowered shares of Hilltop from a “market perform” rating to an “underperform” rating in a report on Thursday, July 7th.

Hilltop Stock Down 2.5 %

The company’s 50 day moving average price is $27.53 and its 200 day moving average price is $28.27. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 9.62 and a beta of 1.11.

Hilltop (NYSE:HTHGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.32 by $0.13. Hilltop had a net margin of 13.07% and a return on equity of 8.78%. The business had revenue of $351.33 million during the quarter, compared to the consensus estimate of $328.25 million. As a group, analysts expect that Hilltop Holdings Inc. will post 1.33 earnings per share for the current year.

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 2.40%. Hilltop’s dividend payout ratio (DPR) is presently 22.56%.

Insider Buying and Selling

In related news, Director Hill A. Feinberg sold 32,500 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $29.69, for a total transaction of $964,925.00. Following the completion of the transaction, the director now owns 622,736 shares of the company’s stock, valued at $18,489,031.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 22.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HWG Holdings LP purchased a new position in Hilltop in the fourth quarter valued at $54,000. Captrust Financial Advisors grew its position in shares of Hilltop by 16.7% in the second quarter. Captrust Financial Advisors now owns 3,192 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 456 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Hilltop in the second quarter valued at about $121,000. Convergence Investment Partners LLC acquired a new stake in shares of Hilltop in the second quarter valued at about $134,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Hilltop in the second quarter valued at about $160,000. Hedge funds and other institutional investors own 61.18% of the company’s stock.

About Hilltop

(Get Rating)

Hilltop Holdings Inc provides business and consumer banking, and financial products and 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, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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