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

Hilltop Holdings Inc. (NYSE:HTH) Director Rhodes Bobbitt sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $37.75, for a total transaction of $377,500.00. Following the sale, the director owned 107,016 shares of the company’s stock, valued at $4,039,854. This trade represents a 8.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Hilltop Price Performance

HTH opened at $37.75 on Friday. The firm has a market cap of $2.21 billion, a P/E ratio of 14.30 and a beta of 0.89. Hilltop Holdings Inc. has a 1-year low of $28.92 and a 1-year high of $40.41. The company has a 50 day simple moving average of $36.90 and a two-hundred day simple moving average of $36.20.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. The business had revenue of $300.51 million during the quarter, compared to analyst estimates of $304.87 million. Hilltop had a net margin of 10.13% and a return on equity of 7.32%. During the same period in the prior year, the business posted $0.65 earnings per share. Equities analysts anticipate that Hilltop Holdings Inc. will post 2.33 earnings per share for the current year.

Hilltop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, May 8th. Hilltop’s dividend payout ratio is presently 30.30%.

Hedge Funds Weigh In On Hilltop

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Wealth Advisors LLC bought a new position in shares of Hilltop during the fourth quarter worth $33,000. EverSource Wealth Advisors LLC boosted its position in shares of Hilltop by 584.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 918 shares during the last quarter. Allworth Financial LP boosted its position in shares of Hilltop by 37.3% during the fourth quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 313 shares during the last quarter. Danske Bank A S bought a new position in shares of Hilltop during the third quarter worth $43,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Hilltop by 42.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,334 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 399 shares during the last quarter. Institutional investors own 57.13% of the company’s stock.

Analysts Set New Price Targets

HTH has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price target 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. Wall Street Zen lowered shares of Hilltop from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 22nd. Finally, Zacks Research upgraded shares of Hilltop from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

About Hilltop

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.