Insider Selling: Hilltop Holdings Inc. (HTH) Director Sells 4,389 Shares of Stock
Hilltop Holdings Inc. (NYSE:HTH) Director J Markham Green sold 4,389 shares of Hilltop Holdings stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $25.98, for a total value of $114,026.22. Following the completion of the transaction, the director now directly owns 114,763 shares of the company’s stock, valued at $2,981,542.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Hilltop Holdings Inc. (HTH) traded down 0.23% during trading on Wednesday, hitting $25.90. The stock had a trading volume of 467,979 shares. Hilltop Holdings Inc. has a one year low of $21.04 and a one year high of $30.60. The company has a market cap of $2.50 billion, a P/E ratio of 14.49 and a beta of 1.01. The stock’s 50-day moving average price is $25.97 and its 200-day moving average price is $26.74.
Hilltop Holdings (NYSE:HTH) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.43 by $0.20. The business had revenue of $460.67 million for the quarter, compared to the consensus estimate of $431.80 million. Hilltop Holdings had a return on equity of 9.39% and a net margin of 10.02%. During the same period last year, the business posted $0.32 EPS. On average, equities research analysts forecast that Hilltop Holdings Inc. will post $1.59 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.24 annualized dividend and a dividend yield of 0.93%. Hilltop Holdings’s payout ratio is currently 13.41%.
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Several equities analysts have weighed in on HTH shares. Zacks Investment Research raised Hilltop Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Stephens raised Hilltop Holdings from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $31.00 to $47.00 in a research report on Thursday, August 3rd. Piper Jaffray Companies downgraded Hilltop Holdings from an “overweight” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Wednesday, May 10th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Hilltop Holdings in a research report on Thursday, August 10th. Finally, BidaskClub downgraded Hilltop Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.08.
Several large investors have recently made changes to their positions in HTH. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 stake in shares of 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 bought a new stake in shares of Hilltop Holdings during the first quarter valued at approximately $118,000. Victory Capital Management Inc. increased its stake in shares of 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. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Hilltop Holdings during the first quarter valued at approximately $178,000. Institutional investors and hedge funds own 57.04% of the company’s stock.
Hilltop Holdings Company Profile
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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