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

Hilltop Holdings Inc. (NYSE:HTH) CAO Keith E. Bornemann sold 2,500 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $32.00, for a total transaction of $80,000.00. Following the completion of 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 SEC, which can be accessed through the SEC website.

Hilltop Trading Down 1.2 %

NYSE:HTH opened at $31.80 on Friday. The firm has a fifty day simple moving average of $31.72 and a 200 day simple moving average of $31.55. Hilltop Holdings Inc. has a 1-year low of $28.58 and a 1-year high of $35.66. The stock has a market capitalization of $2.07 billion, a PE ratio of 19.51 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.09. The business had revenue of $411.49 million during the quarter, compared to the consensus estimate of $302.29 million. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. During the same period last year, the business posted $0.57 EPS. On average, equities analysts predict that Hilltop Holdings Inc. will post 1.48 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 2.14%. Hilltop’s dividend payout ratio (DPR) is 41.72%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.50.

Institutional Trading of Hilltop

A number of hedge funds have recently modified their holdings of the stock. Quest Partners LLC raised its holdings in Hilltop by 1.3% in the 2nd quarter. Quest Partners LLC now owns 29,978 shares of the financial services provider’s stock valued at $938,000 after acquiring an additional 375 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Hilltop by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the financial services provider’s stock valued at $729,000 after purchasing an additional 400 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Hilltop by 5.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,794 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 769 shares during the last quarter. FMR LLC boosted its stake in Hilltop by 36.7% in the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 885 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in shares of Hilltop in the third quarter valued at about $29,000. Institutional investors and hedge funds own 57.13% of the company’s stock.

About Hilltop

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.