Strs Ohio Takes Position in Hilltop Holdings Inc. $HTH

Key Points

• Strs Ohio acquired a new stake in Hilltop Holdings Inc., purchasing 13,900 shares valued at approximately $423,000.
• Hilltop recently reported quarterly earnings of $0.57 EPS, surpassing analysts' expectations, and announced a quarterly dividend of $0.18 per share.
• Institutional investors hold 57.13% of Hilltop's shares, indicating significant confidence from major investment entities.

Strs Ohio purchased a new stake in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,900 shares of the financial services provider's stock, valued at approximately $423,000.

Several other large investors have also made changes to their positions in HTH. SouthState Corp bought a new stake in Hilltop in the first quarter valued at about $56,000. CWM LLC boosted its position in Hilltop by 134.4% during the first quarter. CWM LLC now owns 2,811 shares of the financial services provider's stock valued at $86,000 after purchasing an additional 1,612 shares during the last quarter. KBC Group NV boosted its position in Hilltop by 18.7% during the first quarter. KBC Group NV now owns 3,111 shares of the financial services provider's stock valued at $95,000 after purchasing an additional 490 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Hilltop during the first quarter valued at approximately $170,000. Finally, Garrett Wealth Advisory Group LLC acquired a new stake in shares of Hilltop in the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 57.13% of the company's stock.

Hilltop Price Performance

Shares of HTH opened at $34.11 on Tuesday. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $36.13. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 15.29 and a beta of 0.87. The business has a 50-day moving average of $32.71 and a 200-day moving average of $30.92.

Hilltop (NYSE:HTH - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.16. Hilltop had a return on equity of 6.46% and a net margin of 8.90%.The company had revenue of $303.31 million during the quarter, compared to the consensus estimate of $310.18 million. During the same period last year, the company earned $0.31 earnings per share. As a group, sell-side analysts anticipate that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.72 annualized dividend and a yield of 2.1%. Hilltop's dividend payout ratio (DPR) is currently 32.29%.

Insider Buying and Selling

In other news, Chairman Jonathan S. Sobel acquired 10,000 shares of Hilltop stock in a transaction on Wednesday, August 27th. The stock was purchased at an average price of $35.36 per share, with a total value of $353,600.00. Following the completion of the purchase, the chairman owned 127,429 shares of the company's stock, valued at approximately $4,505,889.44. The trade was a 8.52% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 60,000 shares of company stock valued at $2,022,800 over the last ninety days. Company insiders own 29.90% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Hilltop from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $32.00.

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.

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