Hilltop Holdings Inc. (HTH) To Go Ex-Dividend on May 9th

Hilltop Holdings Inc. (NYSE:HTH) declared a quarterly dividend on Thursday, April 18th, NASDAQ reports. Shareholders of record on Friday, May 10th will be paid a dividend of 0.17 per share by the financial services provider on Friday, May 24th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, May 9th.

Hilltop has increased 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 36.6% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Up 3.3 %

Shares of Hilltop stock opened at $30.00 on Friday. Hilltop has a fifty-two week low of $26.78 and a fifty-two week high of $35.66. The firm has a market cap of $1.95 billion, a PE ratio of 17.75 and a beta of 1.12. The business’s fifty day moving average is $30.54 and its two-hundred day moving average is $30.95.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The business had revenue of $285.24 million during the quarter, compared to the consensus estimate of $274.55 million. Hilltop had a return on equity of 5.20% and a net margin of 7.00%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. Equities research analysts anticipate that Hilltop will post 1.51 EPS for the current year.

Insider Activity at Hilltop

In related news, Director Hill A. Feinberg sold 3,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $31.63, for a total value of $94,890.00. Following the completion of the sale, the director now directly owns 13,776 shares in the company, valued at approximately $435,734.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Hill A. Feinberg sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $31.63, for a total transaction of $94,890.00. Following the completion of the sale, the director now directly owns 13,776 shares in the company, valued at $435,734.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Martin Bradley Winges sold 30,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $30.83, for a total value of $924,900.00. Following the sale, the chief executive officer now owns 98,934 shares of the company’s stock, valued at $3,050,135.22. The disclosure for this sale can be found here. 28.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Hilltop

Several large investors have recently modified their holdings of HTH. Norges Bank bought a new position in shares of Hilltop during the fourth quarter worth about $15,124,000. Goldman Sachs Group Inc. lifted its position in shares of Hilltop by 197.2% during the first quarter. Goldman Sachs Group Inc. now owns 751,515 shares of the financial services provider’s stock worth $22,094,000 after purchasing an additional 498,672 shares during the last quarter. Millennium Management LLC lifted its position in shares of Hilltop by 111.4% during the second quarter. Millennium Management LLC now owns 704,273 shares of the financial services provider’s stock worth $18,776,000 after purchasing an additional 371,133 shares during the last quarter. State Street Corp lifted its position in shares of Hilltop by 8.9% during the first quarter. State Street Corp now owns 3,571,566 shares of the financial services provider’s stock worth $105,004,000 after purchasing an additional 291,456 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Hilltop in the first quarter worth about $8,184,000. Institutional investors own 57.13% of the company’s stock.

Analyst Ratings Changes

HTH has been the subject of a number of research analyst reports. TheStreet downgraded Hilltop from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th. Raymond James upgraded Hilltop from an “underperform” rating to a “market perform” rating in a report on Friday, January 5th.

Hilltop Company Profile

Hilltop Holdings Inc provides business and consumer banking 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, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.