Hilltop Holdings Inc. (NYSE:HTH) Insider Sells $810,400.00 in Stock

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.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, May 14th. Hilltop’s dividend payout ratio is presently 25.00%.

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.

About Hilltop

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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