Jackson Creek Investment Advisors LLC Takes $1.55 Million Position in Hilltop Holdings Inc. (NYSE:HTH)

Jackson Creek Investment Advisors LLC purchased a new stake in Hilltop Holdings Inc. (NYSE:HTH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 50,961 shares of the financial services provider's stock, valued at approximately $1,552,000. Jackson Creek Investment Advisors LLC owned 0.08% of Hilltop at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in shares of Hilltop by 85.4% during the 4th quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider's stock valued at $22,846,000 after acquiring an additional 367,564 shares during the period. Nuveen Asset Management LLC lifted its position in shares of Hilltop by 116.0% during the 4th quarter. Nuveen Asset Management LLC now owns 322,583 shares of the financial services provider's stock valued at $9,236,000 after acquiring an additional 173,245 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Hilltop during the 4th quarter valued at $3,978,000. Cubist Systematic Strategies LLC raised its holdings in shares of Hilltop by 158.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 153,271 shares of the financial services provider's stock worth $4,388,000 after buying an additional 94,073 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in shares of Hilltop by 98.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 137,281 shares of the financial services provider's stock worth $3,930,000 after buying an additional 68,276 shares in the last quarter. 57.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HTH has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on Hilltop from $34.00 to $32.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Raymond James Financial raised Hilltop from an "underperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Finally, Wall Street Zen cut Hilltop from a "hold" rating to a "sell" rating in a research note on Friday.

Hilltop Stock Down 0.4%

Hilltop stock traded down $0.12 during mid-day trading on Friday, reaching $31.23. 353,986 shares of the company's stock were exchanged, compared to its average volume of 366,952. The business's fifty day simple moving average is $30.35 and its 200 day simple moving average is $30.08. The firm has a market capitalization of $2.00 billion, a PE ratio of 15.85 and a beta of 0.87. Hilltop Holdings Inc. has a one year low of $26.67 and a one year high of $35.32.

Hilltop (NYSE:HTH - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.37. Hilltop had a return on equity of 5.79% and a net margin of 7.87%. The business had revenue of $318.46 million during the quarter, compared to the consensus estimate of $290.68 million. During the same period last year, the business posted $0.42 earnings per share. On average, sell-side analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Thursday, May 8th. Hilltop's dividend payout ratio (DPR) is presently 36.55%.

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.