Hilltop Holdings Inc. (NYSE:HTH) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 29.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,302 shares of the financial services provider’s stock after purchasing an additional 2,370 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hilltop were worth $363,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Louisiana State Employees Retirement System bought a new position in shares of Hilltop in the fourth quarter valued at $817,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Hilltop by 36.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,693 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 2,840 shares during the last quarter. Diversified Trust Co raised its position in shares of Hilltop by 6.4% during the fourth quarter. Diversified Trust Co now owns 13,320 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 803 shares during the period. EJF Capital LLC lifted its holdings in shares of Hilltop by 38.1% during the third quarter. EJF Capital LLC now owns 32,318 shares of the financial services provider’s stock valued at $917,000 after purchasing an additional 8,918 shares during the last quarter. Finally, First Dallas Securities Inc. acquired a new position in shares of Hilltop in the 3rd quarter valued at $5,672,000. 57.13% of the stock is currently owned by institutional investors.

Hilltop Stock Up 1.9 %

HTH opened at $31.32 on Friday. The firm has a market capitalization of $2.04 billion, a P/E ratio of 18.32 and a beta of 1.10. The stock has a fifty day moving average of $30.41 and a 200-day moving average of $31.12. Hilltop Holdings Inc. has a 12-month low of $26.78 and a 12-month high of $35.66.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.14. Hilltop had a return on equity of 5.24% and a net margin of 6.95%. The firm had revenue of $285.24 million during the quarter, compared to the consensus estimate of $274.55 million. During the same period in the prior year, the business earned $0.40 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts expect that Hilltop Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.68 dividend on an annualized basis and a yield of 2.17%. Hilltop’s payout ratio is 39.77%.

Analyst Ratings Changes

Separately, TheStreet lowered shares of Hilltop from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th.

Insider Buying and Selling at Hilltop

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

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.