Hilltop (NYSE:HTH) CEO Sells $363,348.83 in Stock

Key Points

• Hilltop Holdings CEO Steve Thompson sold 11,687 shares valued at $363,348.83, reducing his ownership of the company's stock by 9.63%.
• The company's stock experienced a 1.0% decrease in value during midday trading, reaching $33.66 with a market cap of $2.12 billion.
• Hilltop recently declared a quarterly dividend of $0.18, representing a $0.72 annualized dividend with a yield of 2.1% and a dividend payout ratio of 32.29%.

Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) CEO Steve Thompson sold 11,687 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $31.09, for a total transaction of $363,348.83. Following the transaction, the chief executive officer directly owned 109,638 shares of the company's stock, valued at $3,408,645.42. The trade was a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hilltop Trading Down 1.0%

Hilltop stock traded down $0.35 during midday trading on Monday, reaching $33.66. 262,028 shares of the stock traded hands, compared to its average volume of 378,229. The firm has a fifty day moving average price of $33.00 and a two-hundred day moving average price of $31.04. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 15.09 and a beta of 0.87. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $36.13.

Hilltop (NYSE:HTH - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.16. The company had revenue of $303.31 million during the quarter, compared to analyst estimates of $310.18 million. Hilltop had a net margin of 8.90% and a return on equity of 6.46%. During the same period in the prior year, the business posted $0.31 EPS. Analysts anticipate 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 Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, August 15th. Hilltop's dividend payout ratio is currently 32.29%.

Institutional Investors Weigh In On Hilltop

A number of large investors have recently made changes to their positions in the company. Caxton Associates LLP acquired a new stake in shares of Hilltop during the second quarter valued at approximately $310,000. Public Sector Pension Investment Board raised its holdings in shares of Hilltop by 6.4% during the second quarter. Public Sector Pension Investment Board now owns 155,293 shares of the financial services provider's stock valued at $4,713,000 after acquiring an additional 9,280 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Hilltop by 77.8% during the second quarter. Tower Research Capital LLC TRC now owns 7,805 shares of the financial services provider's stock valued at $237,000 after acquiring an additional 3,416 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Hilltop during the second quarter valued at approximately $244,000. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Hilltop by 148.8% during the second quarter. Cubist Systematic Strategies LLC now owns 219,060 shares of the financial services provider's stock valued at $6,648,000 after acquiring an additional 131,016 shares during the period. Institutional investors and hedge funds own 57.13% of the company's stock.

Wall Street Analyst Weigh In

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

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.

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