Hilltop (NYSE:HTH) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Hilltop Holdings Inc. (NYSE:HTH) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $37.08 and traded as high as $38.49. Hilltop shares last traded at $38.2960, with a volume of 226,026 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HTH. Zacks Research raised shares of Hilltop from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, May 4th. Weiss Ratings cut shares of Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen downgraded shares of Hilltop from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Hilltop Price Performance

The firm has a market cap of $2.24 billion, a PE ratio of 14.51 and a beta of 0.88. The business has a 50-day moving average price of $37.83 and a two-hundred day moving average price of $37.08.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.54 by $0.10. The business had revenue of $300.51 million for 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 previous year, the firm earned $0.65 EPS. Equities analysts expect that Hilltop Holdings Inc. will post 2.33 earnings per share for the current fiscal year.

Hilltop Announces Dividend

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

Insider Activity at Hilltop

In other news, Director Rhodes R. Bobbitt sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $38.00, for a total transaction of $380,000.00. Following the completion of the transaction, the director directly owned 87,016 shares of the company’s stock, valued at $3,306,608. This trade represents a 10.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Keith E. Bornemann sold 2,000 shares of Hilltop stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $38.00, for a total value of $76,000.00. Following the transaction, the chief accounting officer owned 7,912 shares of the company’s stock, valued at $300,656. This represents a 20.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 32,000 shares of company stock worth $1,206,000 over the last quarter. Company insiders own 5.40% of the company’s stock.

Institutional Trading of Hilltop

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in Hilltop by 22.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,566 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 289 shares during the last quarter. SG Americas Securities LLC increased its holdings in Hilltop by 1.9% during the 4th quarter. SG Americas Securities LLC now owns 15,919 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 304 shares during the last quarter. Allworth Financial LP increased its holdings in Hilltop by 37.3% during the 4th quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 313 shares during the last quarter. MQS Management LLC raised its position in shares of Hilltop by 2.2% in the 1st quarter. MQS Management LLC now owns 16,453 shares of the financial services provider’s stock valued at $589,000 after purchasing an additional 353 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Hilltop by 1.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 37,559 shares of the financial services provider’s stock valued at $1,275,000 after purchasing an additional 368 shares in the last quarter. 57.13% of the stock is currently owned by hedge funds and other institutional investors.

Hilltop Company Profile

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.