Hilltop Holdings Inc. (NYSE:HTH) insider Hill A. Feinberg sold 225,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $25.82, for a total transaction of $5,809,500.00. Following the completion of the sale, the insider now owns 1,083,878 shares of the company’s stock, valued at approximately $27,985,729.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Hilltop Holdings Inc. (NYSE HTH) opened at 24.53 on Friday. The firm has a 50-day moving average of $25.89 and a 200 day moving average of $26.70. The firm has a market cap of $2.36 billion, a PE ratio of 13.73 and a beta of 1.01. Hilltop Holdings Inc. has a 52 week low of $21.04 and a 52 week high of $30.60.
Hilltop Holdings (NYSE:HTH) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.20. The business had revenue of $460.67 million for the quarter, compared to the consensus estimate of $431.80 million. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. During the same period in the prior year, the firm earned $0.32 earnings per share. Equities research analysts predict that Hilltop Holdings Inc. will post $1.59 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, August 11th. Hilltop Holdings’s dividend payout ratio (DPR) is presently 13.41%.
TRADEMARK VIOLATION NOTICE: This report was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://stocknewstimes.com/2017/08/19/insider-selling-hilltop-holdings-inc-hth-insider-sells-225000-shares-of-stock-updated.html.
HTH has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Hilltop Holdings from a “c+” rating to a “b” rating in a research note on Wednesday, May 3rd. Piper Jaffray Companies cut shares of Hilltop Holdings from an “overweight” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Wednesday, May 10th. Zacks Investment Research cut shares of Hilltop Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 16th. ValuEngine upgraded shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of Hilltop Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Hilltop Holdings presently has a consensus rating of “Hold” and an average price target of $32.08.
Large investors have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems acquired a new stake in Hilltop Holdings during the first quarter valued at approximately $452,000. UBS Asset Management Americas Inc. increased its stake in Hilltop Holdings by 53.4% in the first quarter. UBS Asset Management Americas Inc. now owns 50,170 shares of the financial services provider’s stock valued at $1,378,000 after buying an additional 17,469 shares during the period. Swiss National Bank increased its stake in Hilltop Holdings by 1.3% in the first quarter. Swiss National Bank now owns 129,800 shares of the financial services provider’s stock valued at $3,566,000 after buying an additional 1,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hilltop Holdings by 93.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock valued at $100,000 after buying an additional 1,760 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Hilltop Holdings by 98.5% in the first quarter. Bank of New York Mellon Corp now owns 772,163 shares of the financial services provider’s stock valued at $21,211,000 after buying an additional 383,160 shares during the period. 57.04% of the stock is currently owned by institutional investors and hedge funds.
Hilltop Holdings Company Profile
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
Receive News & Ratings for Hilltop Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilltop Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
