Keybank National Association OH Buys New Stake in Hilltop Holdings Inc. (NYSE:HTH)

Keybank National Association OH bought a new stake in shares of Hilltop Holdings Inc. (NYSE:HTH – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,994 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other institutional investors have also bought and sold shares of HTH. Tower Research Capital LLC TRC lifted its position in Hilltop by 200.0% during the first quarter. Tower Research Capital LLC TRC now owns 1,524 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 1,016 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in Hilltop during the fourth quarter valued at $56,000. Royal Bank of Canada lifted its position in Hilltop by 29.5% during the third quarter. Royal Bank of Canada now owns 2,482 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 565 shares during the last quarter. Captrust Financial Advisors lifted its position in Hilltop by 16.7% during the second quarter. Captrust Financial Advisors now owns 3,192 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 456 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Hilltop by 44.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,155 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 976 shares during the last quarter. Institutional investors own 54.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on HTH. StockNews.com assumed coverage on shares of Hilltop in a research report on Thursday, August 17th. They set a “sell” rating for the company. Stephens lowered their target price on shares of Hilltop from $34.00 to $32.00 and set an “equal weight” rating for the company in a report on Monday, July 24th. Finally, TheStreet lowered shares of Hilltop from a “b-” rating to a “c+” rating in a report on Monday, July 24th.

View Our Latest Stock Report on HTH

Hilltop Trading Down 0.2 %

Hilltop stock opened at $29.69 on Friday. The firm has a 50-day moving average price of $30.91 and a 200-day moving average price of $31.02. The firm has a market capitalization of $1.93 billion, a PE ratio of 18.91 and a beta of 1.05. Hilltop Holdings Inc. has a 12-month low of $24.18 and a 12-month high of $34.87.

Hilltop (NYSE:HTH – Get Free Report) last released its earnings results on Thursday, July 20th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.16). The firm had revenue of $308.92 million during the quarter, compared to the consensus estimate of $305.38 million. Hilltop had a return on equity of 4.90% and a net margin of 6.90%. As a group, sell-side analysts predict that Hilltop Holdings Inc. will post 1.49 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, August 10th. Hilltop’s dividend payout ratio is presently 40.76%.

About Hilltop

(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.

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Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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