Versor Investments LP Buys 48,100 Shares of Hilltop Holdings Inc. $HTH

Key Points

• Versor Investments LP increased its holdings in Hilltop Holdings Inc. by 175.5%, owning 75,500 shares valued at approximately $2.3 million as of its latest SEC filing.
• Hilltop has experienced significant interest from institutional investors, with 57.13% of the stock currently owned by these entities.
• Hilltop Holdings announced a quarterly dividend of $0.18 per share, reflecting an annualized yield of 2.2% and a payout ratio of 32.29%.

Versor Investments LP lifted its position in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 175.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,500 shares of the financial services provider's stock after purchasing an additional 48,100 shares during the quarter. Versor Investments LP owned 0.12% of Hilltop worth $2,299,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC increased its stake in Hilltop by 827.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider's stock valued at $43,000 after buying an additional 1,332 shares during the last quarter. SouthState Corp acquired a new stake in Hilltop during the 1st quarter worth approximately $56,000. CWM LLC lifted its holdings in Hilltop by 134.4% during the 1st quarter. CWM LLC now owns 2,811 shares of the financial services provider's stock worth $86,000 after purchasing an additional 1,612 shares during the last quarter. KBC Group NV lifted its holdings in Hilltop by 18.7% during the 1st quarter. KBC Group NV now owns 3,111 shares of the financial services provider's stock worth $95,000 after purchasing an additional 490 shares during the last quarter. Finally, Garrett Wealth Advisory Group LLC acquired a new stake in Hilltop during the 1st quarter worth approximately $201,000. 57.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HTH shares. Keefe, Bruyette & Woods dropped 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. Wall Street Zen raised Hilltop from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Hilltop has an average rating of "Hold" and an average target price of $32.00.

Insider Buying and Selling

In related news, Chairman Jonathan S. Sobel bought 10,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were purchased at an average price of $32.93 per share, for a total transaction of $329,300.00. Following the completion of the transaction, the chairman directly owned 77,429 shares of the company's stock, valued at approximately $2,549,736.97. This represents a 14.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have purchased 30,000 shares of company stock valued at $976,000. 29.90% of the stock is owned by corporate insiders.

Hilltop Stock Up 4.0%

Shares of HTH traded up $1.3320 during midday trading on Friday, hitting $34.5420. The company's stock had a trading volume of 300,142 shares, compared to its average volume of 407,728. Hilltop Holdings Inc. has a one year low of $26.67 and a one year high of $34.83. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 15.49 and a beta of 0.87. The company's fifty day simple moving average is $30.81 and its two-hundred day simple moving average is $30.47.

Hilltop (NYSE:HTH - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.16. The firm had revenue of $303.31 million for the quarter, compared to analysts' expectations of $310.18 million. Hilltop had a return on equity of 6.46% and a net margin of 8.90%.During the same quarter in the previous year, the business posted $0.31 earnings per share. On average, research analysts predict that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, August 15th. Hilltop's dividend payout ratio is currently 32.29%.

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.