Hilltop (NYSE:HTH) Chairman Purchases $319,700.00 in Stock

Key Points

• Chairman Jonathan S. Sobel of Hilltop Holdings purchased 10,000 shares at an average price of $31.97, increasing his ownership stake by 21.08% to a total of 57,429 shares.
• The company reported $0.57 earnings per share for the last quarter, exceeding expectations, but revenue fell short of analyst forecasts at $303.31 million.
• Hilltop announced a quarterly dividend of $0.18 per share, representing a dividend yield of 2.2% and a payout ratio of 32.29%.

Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) Chairman Jonathan S. Sobel bought 10,000 shares of Hilltop stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $31.97 per share, for a total transaction of $319,700.00. Following the completion of the transaction, the chairman owned 67,429 shares of the company's stock, valued at approximately $2,155,705.13. This represents a 17.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hilltop Price Performance

HTH traded up $1.4870 during trading on Friday, hitting $34.6970. The company had a trading volume of 600,897 shares, compared to its average volume of 461,035. Hilltop Holdings Inc. has a 1-year low of $26.67 and a 1-year high of $34.83. The company has a market cap of $2.19 billion, a PE ratio of 15.56 and a beta of 0.87. The business has a 50-day moving average of $30.92 and a 200-day moving average of $30.49.

Hilltop (NYSE:HTH - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.16. Hilltop had a net margin of 8.90% and a return on equity of 6.46%. The firm had revenue of $303.31 million for the quarter, compared to the consensus estimate of $310.18 million. During the same period in the prior year, the firm posted $0.31 EPS. Research analysts forecast 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. Shareholders of record on Friday, August 15th will be paid 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 32.29%.

Institutional Trading of Hilltop

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caxton Associates LLP acquired a new stake in shares of Hilltop during the second quarter worth $310,000. Public Sector Pension Investment Board increased its holdings in shares of Hilltop by 6.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 155,293 shares of the financial services provider's stock worth $4,713,000 after acquiring an additional 9,280 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Hilltop by 77.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,805 shares of the financial services provider's stock worth $237,000 after acquiring an additional 3,416 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Hilltop in the 2nd quarter worth about $244,000. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Hilltop by 148.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 219,060 shares of the financial services provider's stock worth $6,648,000 after acquiring an additional 131,016 shares during the period. 57.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on HTH shares. Wall Street Zen upgraded shares of Hilltop from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Keefe, Bruyette & Woods dropped their target price on shares of Hilltop from $34.00 to $32.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Hilltop 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.