North Reef Capital Management LP Sells 331,425 Shares of Hilltop Holdings Inc. (NYSE:HTH)

North Reef Capital Management LP trimmed its stake in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 62.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 198,575 shares of the financial services provider's stock after selling 331,425 shares during the quarter. North Reef Capital Management LP owned 0.31% of Hilltop worth $5,685,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HTH. Venturi Wealth Management LLC purchased a new position in shares of Hilltop in the fourth quarter worth $27,000. KBC Group NV raised its stake in shares of Hilltop by 64.0% in the fourth quarter. KBC Group NV now owns 2,621 shares of the financial services provider's stock worth $75,000 after purchasing an additional 1,023 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Hilltop by 0.8% in the fourth quarter. Legal & General Group Plc now owns 134,649 shares of the financial services provider's stock worth $3,855,000 after purchasing an additional 1,040 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Hilltop by 9.4% in the fourth quarter. Inspire Investing LLC now owns 13,982 shares of the financial services provider's stock worth $400,000 after purchasing an additional 1,196 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Hilltop by 827.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider's stock worth $43,000 after purchasing an additional 1,332 shares during the last quarter. 57.13% of the stock is owned by institutional investors.

Hilltop Price Performance

Shares of HTH traded down $0.15 on Wednesday, reaching $29.14. The company's stock had a trading volume of 69,146 shares, compared to its average volume of 339,297. The stock has a market capitalization of $1.89 billion, a P/E ratio of 16.75 and a beta of 1.00. The stock's 50 day simple moving average is $30.02 and its two-hundred day simple moving average is $30.44. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $35.32.

Hilltop (NYSE:HTH - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.37. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. The company had revenue of $318.46 million for the quarter, compared to the consensus estimate of $290.68 million. During the same quarter last year, the firm posted $0.42 earnings per share. Analysts expect that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, May 8th. Hilltop's payout ratio is currently 36.55%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HTH shares. Keefe, Bruyette & Woods decreased their price target on Hilltop from $34.00 to $32.00 and set a "market perform" rating for the company in a research note on Wednesday. Raymond James upgraded Hilltop from an "underperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd.

Hilltop 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.