Hilltop Holdings Inc. (HTH) CEO Alan B. White Sells 79,025 Shares
Hilltop Holdings Inc. (NYSE:HTH) CEO Alan B. White sold 79,025 shares of Hilltop Holdings stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $26.03, for a total transaction of $2,057,020.75. Following the transaction, the chief executive officer now directly owns 216,124 shares in the company, valued at approximately $5,625,707.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Hilltop Holdings Inc. (NYSE:HTH) traded down 4.15% on Wednesday, reaching $24.95. 375,002 shares of the company were exchanged. Hilltop Holdings Inc. has a 12-month low of $18.77 and a 12-month high of $30.60. The firm has a 50-day moving average of $27.21 and a 200 day moving average of $27.78. The firm has a market capitalization of $2.46 billion, a P/E ratio of 17.01 and a beta of 0.44.
Hilltop Holdings (NYSE:HTH) last released its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.07. Hilltop Holdings had a return on equity of 8.10% and a net margin of 8.37%. The business had revenue of $363.54 million during the quarter, compared to the consensus estimate of $393.23 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. On average, equities analysts predict that Hilltop Holdings Inc. will post $1.62 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be given a $0.06 dividend. The ex-dividend date is Thursday, May 11th. This represents a $0.24 annualized dividend and a yield of 0.96%. Hilltop Holdings’s payout ratio is presently 16.11%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hilltop Holdings by 93.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,760 shares during the last quarter. First Interstate Bank increased its position in Hilltop Holdings by 50.1% in the first quarter. First Interstate Bank now owns 3,895 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,300 shares during the last quarter. Founders Capital Management acquired a new position in Hilltop Holdings during the first quarter valued at $118,000. Northwest Quadrant Wealth Management LLC acquired a new position in Hilltop Holdings during the fourth quarter valued at $125,000. Finally, Victory Capital Management Inc. increased its position in Hilltop Holdings by 32.9% in the first quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,398 shares during the last quarter. Institutional investors and hedge funds own 53.23% of the company’s stock.
HTH has been the topic of a number of research reports. Zacks Investment Research raised shares of Hilltop Holdings from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Monday, January 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 price target on shares of Hilltop Holdings in a report on Wednesday, April 5th. TheStreet raised shares of Hilltop Holdings from a “c+” rating to a “b” rating in a report on Wednesday, May 3rd. Finally, Piper Jaffray Companies cut shares of Hilltop Holdings from an “overweight” rating to a “neutral” rating and set a $30.00 price target on the stock. in a report on Wednesday, May 10th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $28.90.
About Hilltop Holdings
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
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