Hilltop Holdings Inc. (NYSE:HTH) Short Interest Up 13.9% in January

Hilltop Holdings Inc. (NYSE:HTH) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 812,900 shares, a growth of 13.9% from the January 15th total of 713,600 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 410,000 shares, the short-interest ratio is presently 2.0 days.

Shares of Hilltop stock opened at $22.24 on Friday. The stock has a fifty day simple moving average of $23.97 and a 200 day simple moving average of $23.98. Hilltop has a 12-month low of $16.71 and a 12-month high of $26.28. The company has a market capitalization of $2.02 billion, a P/E ratio of 9.15 and a beta of 0.83. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.03.

Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $410.56 million for the quarter, compared to analysts’ expectations of $400.55 million. Hilltop had a return on equity of 10.99% and a net margin of 12.37%. During the same period last year, the business earned $0.30 EPS. On average, analysts predict that Hilltop will post 1.85 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.62%. This is an increase from Hilltop’s previous quarterly dividend of $0.08. Hilltop’s dividend payout ratio is currently 14.75%.

Several hedge funds have recently made changes to their positions in HTH. Tower Research Capital LLC TRC grew its position in Hilltop by 627.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,302 shares of the financial services provider’s stock valued at $32,000 after buying an additional 1,123 shares during the period. CFM Wealth Partners LLC purchased a new stake in Hilltop during the fourth quarter worth about $40,000. Garrett Wealth Advisory Group LLC purchased a new stake in Hilltop during the third quarter worth about $86,000. Great West Life Assurance Co. Can bought a new stake in Hilltop in the fourth quarter worth about $134,000. Finally, C M Bidwell & Associates Ltd. raised its position in Hilltop by 26.3% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 5,505 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 1,145 shares during the period. Institutional investors own 63.57% of the company’s stock.

HTH has been the topic of several recent research reports. Stephens dropped their price target on shares of Hilltop from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. ValuEngine upgraded Hilltop from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $23.50.

Hilltop Company Profile

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.

Recommended Story: What is the accumulation/distribution indicator?

Receive News & Ratings for Hilltop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilltop and related companies with MarketBeat.com's FREE daily email newsletter.