Hilltop (NYSE:HTH) CAO Keith Bornemann Sells 2,000 Shares

Key Points

• CAO Keith Bornemann sold 2,000 shares on May 5 at an average price of $38.00 for $76,000, reducing his holding by 20.18% to 7,912 shares (about $300,656).
• Hilltop reported Q1 EPS of $0.64 versus $0.54 expected while revenue of $300.51M slightly missed estimates, and the stock traded up ~1.1% to $38.16 (market cap ≈ $2.23B, P/E 14.46).
• The company declared a quarterly dividend of $0.20 (ex-dividend May 8, payable May 22, ~2.1% yield), and analysts maintain a consensus "Moderate Buy" with an average price target of $37.50 after several upgrades.

Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) CAO Keith Bornemann sold 2,000 shares of Hilltop stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $38.00, for a total transaction of $76,000.00. Following the completion of the transaction, the chief accounting officer directly owned 7,912 shares of the company's stock, valued at approximately $300,656. This trade represents a 20.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hilltop Trading Up 1.1%

Shares of Hilltop stock traded up $0.40 during trading on Wednesday, hitting $38.16. 228,005 shares of the stock were exchanged, compared to its average volume of 302,125. The company has a fifty day moving average price of $36.70 and a 200-day moving average price of $35.67. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 14.46 and a beta of 0.89. Hilltop Holdings Inc. has a 1-year low of $28.92 and a 1-year high of $40.41.

Hilltop (NYSE:HTH - Get Free Report) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.10. Hilltop had a net margin of 10.13% and a return on equity of 7.32%. The business had revenue of $300.51 million during the quarter, compared to the consensus estimate of $304.87 million. During the same period last year, the business posted $0.65 EPS. Equities research analysts forecast that Hilltop Holdings Inc. will post 2.23 EPS for the current fiscal year.

Hilltop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be paid a $0.20 dividend. The ex-dividend date is Friday, May 8th. This represents a $0.80 annualized dividend and a yield of 2.1%. Hilltop's dividend payout ratio is currently 30.30%.

Wall Street Analyst Weigh In

HTH has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their target price on Hilltop from $34.00 to $39.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 3rd. Zacks Research upgraded Hilltop from a "strong sell" rating to a "strong-buy" rating in a research note on Monday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Hilltop in a report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Hilltop from a "sell" rating to a "hold" rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Hilltop has an average rating of "Moderate Buy" and an average price target of $37.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Strategic Wealth Advisors LLC acquired a new stake in shares of Hilltop during the fourth quarter worth $33,000. EverSource Wealth Advisors LLC increased its position in Hilltop by 584.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider's stock worth $33,000 after acquiring an additional 918 shares during the period. Allworth Financial LP increased its position in Hilltop by 37.3% during the fourth quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider's stock worth $39,000 after acquiring an additional 313 shares during the period. Danske Bank A S acquired a new stake in Hilltop in the 3rd quarter worth about $43,000. Finally, Smartleaf Asset Management LLC raised its stake in Hilltop by 42.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,334 shares of the financial services provider's stock worth $45,000 after purchasing an additional 399 shares in the last quarter. Institutional investors own 57.13% of the company's stock.

About Hilltop

Hilltop Holdings, Inc NYSE: HTH is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.

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