Hilltop (NYSE:HTH) Chairman Acquires $327,000.00 in Stock

Key Points

• Jonathan S. Sobel, Chairman of Hilltop Holdings Inc., purchased 10,000 shares at an average price of $32.70, increasing his total ownership of the stock by 36.46%.
• The company's most recent quarterly earnings report showed earnings per share (EPS) of $0.57, exceeding analysts' expectations of $0.41.
• Hilltop Holdings announced a quarterly dividend of $0.18 per share, which translates to an annual yield of 2.2%.

Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) Chairman Jonathan S. Sobel acquired 10,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were bought at an average price of $32.70 per share, with a total value of $327,000.00. Following the completion of the transaction, the chairman directly owned 37,429 shares of the company's stock, valued at $1,223,928.30. The trade was a 36.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hilltop Stock Performance

Shares of HTH traded up $1.4870 during mid-day trading on Friday, reaching $34.6970. 600,897 shares of the company were exchanged, compared to its average volume of 461,035. Hilltop Holdings Inc. has a 52 week low of $26.67 and a 52 week high of $34.83. The stock has a market capitalization of $2.19 billion, a PE ratio of 15.56 and a beta of 0.87. The business has a 50 day simple moving average of $30.92 and a two-hundred day simple moving average of $30.50.

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. On average, analysts predict that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders 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 dividend yield of 2.1%. The ex-dividend date is Friday, August 15th. Hilltop's dividend payout ratio (DPR) is 32.29%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Caxton Associates LLP purchased a new position in Hilltop in the second quarter worth $310,000. Public Sector Pension Investment Board boosted its position in Hilltop by 6.4% in the second quarter. Public Sector Pension Investment Board now owns 155,293 shares of the financial services provider's stock worth $4,713,000 after purchasing an additional 9,280 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Hilltop by 77.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,805 shares of the financial services provider's stock worth $237,000 after purchasing an additional 3,416 shares during the last quarter. Captrust Financial Advisors purchased a new position in Hilltop in the second quarter worth $244,000. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Hilltop by 148.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 219,060 shares of the financial services provider's stock valued at $6,648,000 after buying an additional 131,016 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their target price 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 upgraded Hilltop from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Hilltop presently has a consensus rating of "Hold" and a consensus target price 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.