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

Hilltop Holdings Inc. (NYSE:HTH) CAO Keith E. Bornemann sold 2,500 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $32.00, for a total value of $80,000.00. Following the sale, the chief accounting officer now owns 9,124 shares of the company’s stock, valued at $291,968. This represents a 21.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hilltop Stock Performance

NYSE HTH opened at $32.15 on Wednesday. Hilltop Holdings Inc. has a fifty-two week low of $28.58 and a fifty-two week high of $35.66. The stock has a 50 day simple moving average of $31.75 and a two-hundred day simple moving average of $31.54. The stock has a market cap of $2.09 billion, a P/E ratio of 19.74 and a beta of 1.14.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.09. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. The business had revenue of $411.49 million during the quarter, compared to analysts’ expectations of $302.29 million. During the same quarter last year, the business posted $0.57 EPS. Sell-side analysts predict that Hilltop Holdings Inc. will post 1.49 earnings per share for the current year.

Hilltop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, November 8th. Hilltop’s dividend payout ratio is currently 41.72%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. 1620 Investment Advisors Inc. bought a new position in shares of Hilltop in the 2nd quarter worth approximately $28,000. Sunbelt Securities Inc. bought a new position in shares of Hilltop in the 3rd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hilltop in the 3rd quarter worth approximately $49,000. Innealta Capital LLC bought a new position in shares of Hilltop in the 2nd quarter worth approximately $69,000. Finally, FMR LLC raised its position in shares of Hilltop by 36.7% in the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 885 shares in the last quarter. Institutional investors own 57.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Stephens increased their target price on Hilltop from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $34.50.

Hilltop Company Profile

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.