Insider Selling: Hilltop (NYSE:HTH) CEO Sells 5,332 Shares of Stock

Key Points

• Hilltop Holdings Inc. CEO Steve Thompson sold 5,332 shares of stock at an average price of $32.91, totaling approximately $175,476, representing a 4.59% decrease in his ownership.
• The company recently announced a quarterly dividend of $0.18 per share, reflecting an annualized dividend of $0.72 and a dividend yield of 2.1%.
• Hilltop's stock currently has a market capitalization of $2.12 billion and is rated "Hold" by analysts, with a consensus price target of $32.00.

Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) CEO Steve Thompson sold 5,332 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $32.91, for a total value of $175,476.12. Following the completion of the sale, the chief executive officer directly owned 110,838 shares of the company's stock, valued at approximately $3,647,678.58. This trade represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hilltop Stock Performance

Shares of Hilltop stock traded down $0.35 on Monday, hitting $33.66. The company had a trading volume of 262,028 shares, compared to its average volume of 378,229. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 15.09 and a beta of 0.87. Hilltop Holdings Inc. has a 1 year low of $26.67 and a 1 year high of $36.13. The stock has a 50 day moving average of $33.00 and a 200-day moving average of $31.04.

Hilltop (NYSE:HTH - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.41 by $0.16. Hilltop had a return on equity of 6.46% and a net margin of 8.90%.The firm had revenue of $303.31 million during the quarter, compared to the consensus estimate of $310.18 million. During the same period in the prior year, the business posted $0.31 earnings per share. Equities analysts anticipate that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.1%. Hilltop's payout ratio is presently 32.29%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Hilltop

Institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. purchased a new stake in Hilltop during the second quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its stake in shares of Hilltop by 584.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 918 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Hilltop by 141.8% during the second quarter. GAMMA Investing LLC now owns 1,400 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 821 shares during the last quarter. SouthState Corp bought a new position in shares of Hilltop during the first quarter valued at about $56,000. Finally, CWM LLC raised its stake in shares of Hilltop by 134.4% during the first quarter. CWM LLC now owns 2,811 shares of the financial services provider's stock valued at $86,000 after acquiring an additional 1,612 shares during the last quarter. 57.13% of the stock is currently owned by hedge funds and other institutional investors.

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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