Keith E. Bornemann Sells 2,500 Shares of Hilltop Holdings Inc. (NYSE:HTH) Stock

Hilltop Holdings Inc. (NYSE:HTH) CAO Keith E. Bornemann sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $32.00, for a total value of $80,000.00. Following the transaction, the chief accounting officer now directly owns 9,124 shares of the company’s stock, valued at approximately $291,968. This trade represents a 21.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hilltop Trading Down 1.5 %

Shares of HTH opened at $32.15 on Wednesday. The business’s fifty day simple moving average is $31.75 and its two-hundred day simple moving average is $31.54. Hilltop Holdings Inc. has a 12 month low of $28.58 and a 12 month high of $35.66. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 19.74 and a beta of 1.14.

Hilltop (NYSE:HTH) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.37 by $0.09. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. The business had revenue of $411.49 million for the quarter, compared to the consensus estimate of $302.29 million. During the same period last year, the business posted $0.57 EPS. As a group, research analysts forecast that Hilltop Holdings Inc. will post 1.49 EPS for the current year.

Hilltop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.12%. Hilltop’s dividend payout ratio (DPR) is currently 41.72%.

Analyst Upgrades and Downgrades

HTH has been the subject of a number of analyst reports. Stephens raised their price objective on Hilltop from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. StockNews.com raised Hilltop from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.50.

Hedge Funds Weigh In On Hilltop

Institutional investors and hedge funds have recently modified their holdings of the company. 1620 Investment Advisors Inc. purchased a new position in shares of Hilltop in the 2nd quarter worth $28,000. Sunbelt Securities Inc. purchased a new position in shares of Hilltop in the 3rd quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hilltop in the 3rd quarter worth $49,000. Innealta Capital LLC purchased a new position in shares of Hilltop in the 2nd quarter worth $69,000. Finally, FMR LLC boosted its stake in shares of Hilltop by 36.7% in the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock worth $106,000 after buying an additional 885 shares during the last quarter. 57.13% of the stock is currently owned by hedge funds and other institutional investors.

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.