Hilltop Holdings Inc. (HTH) to Issue Quarterly Dividend of $0.17 on February 28th

Hilltop Holdings Inc. (NYSE:HTHGet Free Report) declared a quarterly dividend on Thursday, January 25th, Wall Street Journal reports. Stockholders of record on Monday, February 12th will be paid a dividend of 0.17 per share by the financial services provider on Wednesday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, February 9th. This is a boost from Hilltop’s previous quarterly dividend of $0.16.

Hilltop has raised its dividend by an average of 21.1% annually over the last three years and has raised its dividend every year for the last 7 years. Hilltop has a dividend payout ratio of 36.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Hilltop to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 37.8%.

Hilltop Price Performance

Shares of NYSE:HTH opened at $30.67 on Wednesday. Hilltop has a 12 month low of $26.78 and a 12 month high of $35.66. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 18.15 and a beta of 1.13. The stock’s 50 day moving average price is $33.21 and its 200 day moving average price is $30.67.

Hilltop (NYSE:HTHGet Free Report) last posted its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $290.20 million for the quarter, compared to analysts’ expectations of $296.89 million. Hilltop had a return on equity of 5.20% and a net margin of 7.00%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. On average, sell-side analysts expect that Hilltop will post 1.51 EPS for the current year.

Insider Buying and Selling

In related news, CAO Keith E. Bornemann sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $30.04, for a total value of $75,100.00. Following the completion of the sale, the chief accounting officer now directly owns 9,722 shares in the company, valued at $292,048.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 28.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HTH. Tower Research Capital LLC TRC raised its position in shares of Hilltop by 200.0% during the first quarter. Tower Research Capital LLC TRC now owns 1,524 shares of the financial services provider’s stock valued at $45,000 after buying an additional 1,016 shares during the last quarter. FMR LLC raised its position in shares of Hilltop by 31.5% during the first quarter. FMR LLC now owns 1,888 shares of the financial services provider’s stock valued at $56,000 after buying an additional 452 shares during the last quarter. Royal Bank of Canada raised its position in shares of Hilltop by 29.5% during the third quarter. Royal Bank of Canada now owns 2,482 shares of the financial services provider’s stock valued at $62,000 after buying an additional 565 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Hilltop by 16.7% during the second quarter. Captrust Financial Advisors now owns 3,192 shares of the financial services provider’s stock valued at $85,000 after buying an additional 456 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Hilltop by 23.5% during the second quarter. PNC Financial Services Group Inc. now owns 2,733 shares of the financial services provider’s stock valued at $86,000 after buying an additional 520 shares during the last quarter. Institutional investors and hedge funds own 54.29% of the company’s stock.

Wall Street Analyst Weigh In

HTH has been the topic of several research analyst reports. Raymond James upgraded shares of Hilltop from an “underperform” rating to a “market perform” rating in a report on Friday, January 5th. TheStreet upgraded shares of Hilltop from a “c+” rating to a “b-” rating in a report on Friday, November 24th. Finally, StockNews.com upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a report on Friday, October 20th.

View Our Latest Analysis on Hilltop

About Hilltop

(Get Free Report)

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, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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Dividend History for Hilltop (NYSE:HTH)

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