Tectonic Advisors LLC Has $1 Million Stake in Hilltop Holdings Inc. (NYSE:HTH)

Tectonic Advisors LLC raised its position in shares of Hilltop Holdings Inc. (NYSE:HTH – Free Report) by 29.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,828 shares of the financial services provider’s stock after acquiring an additional 7,292 shares during the quarter. Tectonic Advisors LLC’s holdings in Hilltop were worth $1,001,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Inspire Investing LLC boosted its position in Hilltop by 17.6% during the first quarter. Inspire Investing LLC now owns 9,214 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 1,382 shares during the last quarter. New York Life Investment Management LLC boosted its position in Hilltop by 12.7% during the fourth quarter. New York Life Investment Management LLC now owns 19,295 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 2,175 shares during the last quarter. BHZ Capital Management LP boosted its position in Hilltop by 22.9% during the fourth quarter. BHZ Capital Management LP now owns 166,041 shares of the financial services provider’s stock valued at $4,983,000 after acquiring an additional 30,913 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Hilltop by 1.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 33,501 shares of the financial services provider’s stock valued at $1,005,000 after acquiring an additional 412 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Hilltop by 82.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,408 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 1,538 shares during the last quarter. Institutional investors own 54.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HTH. StockNews.com started coverage on shares of Hilltop in a research report on Thursday, August 17th. They set a “sell” rating on the stock. TheStreet cut shares of Hilltop from a “b-” rating to a “c+” rating in a research report on Monday, July 24th. Finally, Stephens cut their price objective on shares of Hilltop from $34.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Monday, July 24th.

Check Out Our Latest Report on HTH

Hilltop Price Performance

HTH stock opened at $28.30 on Friday. The stock has a market capitalization of $1.84 billion, a PE ratio of 18.03 and a beta of 1.06. The company’s 50-day moving average is $30.23 and its 200-day moving average is $30.45. Hilltop Holdings Inc. has a 1 year low of $24.18 and a 1 year high of $34.87.

Hilltop (NYSE:HTH – Get Free Report) last announced its quarterly earnings results 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). Hilltop had a net margin of 6.90% and a return on equity of 4.90%. The business had revenue of $308.92 million during the quarter, compared to the consensus estimate of $305.38 million. On average, analysts anticipate that Hilltop Holdings Inc. will post 1.49 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.64 annualized dividend and a yield of 2.26%. Hilltop’s payout ratio is 40.76%.

Hilltop Profile

(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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