Hilltop Holdings Inc. (NYSE:HTH) insider Hill A. Feinberg sold 40,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $20.26, for a total value of $810,400.00. Following the transaction, the insider now owns 809,153 shares in the company, valued at $16,393,439.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Hilltop stock traded up $0.49 on Friday, hitting $21.27. 840,700 shares of the company were exchanged, compared to its average volume of 443,923. The stock has a market cap of $1.88 billion, a PE ratio of 16.62 and a beta of 0.89. The stock’s 50-day moving average is $20.33. Hilltop Holdings Inc. has a 1-year low of $16.43 and a 1-year high of $23.12. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 0.03.
Hilltop (NYSE:HTH) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.15. Hilltop had a return on equity of 6.90% and a net margin of 8.30%. The business had revenue of $361.40 million for the quarter, compared to analysts’ expectations of $335.96 million. During the same period in the previous year, the firm posted $0.25 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, sell-side analysts predict that Hilltop Holdings Inc. will post 1.65 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC purchased a new position in shares of Hilltop in the 4th quarter valued at about $35,000. Rhumbline Advisers boosted its holdings in Hilltop by 39.1% in the 4th quarter. Rhumbline Advisers now owns 109,315 shares of the financial services provider’s stock worth $1,949,000 after buying an additional 30,746 shares during the last quarter. Allred Capital Management LLC acquired a new stake in Hilltop in the 4th quarter worth about $419,000. SG Americas Securities LLC acquired a new stake in Hilltop in the 4th quarter worth about $178,000. Finally, Creative Planning boosted its holdings in Hilltop by 1.8% in the 4th quarter. Creative Planning now owns 30,872 shares of the financial services provider’s stock worth $550,000 after buying an additional 548 shares during the last quarter. Hedge funds and other institutional investors own 60.87% of the company’s stock.
A number of equities analysts recently issued reports on the company. Piper Jaffray Companies upgraded Hilltop from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a research note on Thursday, March 28th. Zacks Investment Research upgraded Hilltop from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a research note on Tuesday, April 30th. TheStreet lowered Hilltop from a “b” rating to a “c+” rating in a research note on Monday, June 10th. Finally, ValuEngine upgraded Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.90.
Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. 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 and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.
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