Hilltop Holdings Inc. (NYSE:HTH) Announces Quarterly Dividend of $0.16

Hilltop Holdings Inc. (NYSE:HTH – Get Free Report) announced a quarterly dividend on Thursday, July 20th, NASDAQ reports. Stockholders of record on Friday, August 11th will be given a dividend of 0.16 per share by the financial services provider on Friday, August 25th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, August 10th.

Hilltop has increased its dividend by an average of 23.3% per year over the last three years and has increased its dividend every year for the last 6 years. Hilltop has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hilltop to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 40.3%.

Hilltop Stock Performance

Shares of NYSE HTH traded down $3.10 during mid-day trading on Friday, reaching $30.08. The company had a trading volume of 1,132,996 shares, compared to its average volume of 361,548. The stock has a fifty day moving average of $31.43 and a two-hundred day moving average of $31.17. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 17.53 and a beta of 1.05. Hilltop has a 12-month low of $24.18 and a 12-month high of $34.87.

Hilltop (NYSE:HTH – Get Free Report) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.16). The business had revenue of $308.92 million for the quarter, compared to the consensus estimate of $305.38 million. Hilltop had a net margin of 8.09% and a return on equity of 5.65%. Sell-side analysts forecast that Hilltop will post 1.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HTH. StockNews.com began coverage on shares of Hilltop in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Stephens reissued an “equal weight” rating and issued a $34.00 price target on shares of Hilltop in a research report on Friday.

Insider Activity

In other news, Director W Robert Nichols III sold 1,500 shares of Hilltop stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $31.02, for a total value of $46,530.00. Following the transaction, the director now owns 9,500 shares of the company’s stock, valued at $294,690. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 28.90% of the company’s stock.

Institutional Investors Weigh In On Hilltop

Hedge funds and other institutional investors have recently modified their holdings of the stock. Trexquant Investment LP acquired a new stake in Hilltop during the third quarter worth $267,000. UBS Group AG lifted its holdings in shares of Hilltop by 276.1% during the third quarter. UBS Group AG now owns 9,503 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 6,976 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Hilltop during the fourth quarter valued at $229,000. Walleye Capital LLC bought a new position in shares of Hilltop during the first quarter valued at $225,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Hilltop during the first quarter valued at $184,000. Institutional investors and hedge funds own 54.34% of the company’s stock.

About Hilltop

(Get Free Report)

Hilltop Holdings Inc provides business and consumer banking, and financial products and 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, equipment loans, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

Dividend History for Hilltop (NYSE:HTH)

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