Log Out

Insider Selling: Hilltop Holdings Inc. (NYSE:HTH) Director Sells 32,500 Shares of Stock

kopsource · Aug 19, 2022 08:41

Hilltop Holdings Inc. (NYSE:HTH – Get Rating) Director Hill A. Feinberg sold 32,500 shares of Hilltop stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $29.69, for a total value of $964,925.00. Following the transaction, the director now owns 622,736 shares of the company's stock, valued at approximately $18,489,031.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hilltop Stock Up 0.2 %

Shares of NYSE:HTH opened at $29.28 on Friday. The stock has a market cap of $1.89 billion, a PE ratio of 11.01 and a beta of 1.10. The business has a 50 day moving average of $27.69 and a 200-day moving average of $29.17. Hilltop Holdings Inc. has a 12-month low of $25.07 and a 12-month high of $38.47.

Get Hilltop alerts:

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

Hilltop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, August 11th. Hilltop's dividend payout ratio (DPR) is currently 22.56%.

Institutional Investors Weigh In On Hilltop

Institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB boosted its stake in shares of Hilltop by 1.3% in the first quarter. Nordea Investment Management AB now owns 247,698 shares of the financial services provider's stock valued at $7,448,000 after buying an additional 3,126 shares during the period. Westwood Holdings Group Inc. raised its position in Hilltop by 28.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 932,919 shares of the financial services provider's stock valued at $32,783,000 after purchasing an additional 208,314 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Hilltop during the fourth quarter valued at approximately $277,000. First Eagle Investment Management LLC raised its position in Hilltop by 273.4% during the fourth quarter. First Eagle Investment Management LLC now owns 35,918 shares of the financial services provider's stock valued at $1,262,000 after purchasing an additional 26,300 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in Hilltop by 19.5% during the fourth quarter. Panagora Asset Management Inc. now owns 266,320 shares of the financial services provider's stock valued at $9,358,000 after purchasing an additional 43,441 shares in the last quarter. 63.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HTH shares. Raymond James cut Hilltop from a "market perform" rating to an "underperform" rating in a report on Thursday, July 7th. StockNews.com cut Hilltop from a "hold" rating to a "sell" rating in a report on Tuesday, June 14th. TheStreet cut Hilltop from a "b" rating to a "c+" rating in a report on Friday, April 22nd. Finally, Piper Sandler reduced their price objective on Hilltop to $28.00 in a report on Monday, July 4th.

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.