Keith E. Bornemann Sells 2,500 Shares of Hilltop Holdings Inc. (NYSE:HTH) Stock

Hilltop Holdings Inc. (NYSE:HTH) CAO Keith E. Bornemann sold 2,500 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $32.00, for a total transaction of $80,000.00. Following the transaction, the chief accounting officer now owns 9,124 shares in the company, valued at approximately $291,968. The trade was a 21.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hilltop Price Performance

Shares of Hilltop stock opened at $31.80 on Thursday. Hilltop Holdings Inc. has a 52-week low of $28.58 and a 52-week high of $35.66. The firm has a market capitalization of $2.07 billion, a PE ratio of 19.51 and a beta of 1.14. The company’s fifty day moving average price is $31.73 and its two-hundred day moving average price is $31.55.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.09. The firm had revenue of $411.49 million during the quarter, compared to analyst estimates of $302.29 million. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. During the same quarter in the prior year, the business posted $0.57 earnings per share. Analysts predict that Hilltop Holdings Inc. will post 1.48 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, November 8th. Hilltop’s dividend payout ratio is 41.72%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HTH. 1620 Investment Advisors Inc. bought a new position in Hilltop during the 2nd quarter valued at about $28,000. Sunbelt Securities Inc. acquired a new position in shares of Hilltop in the 3rd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Hilltop during the 3rd quarter worth approximately $49,000. Innealta Capital LLC acquired a new stake in Hilltop during the 2nd quarter valued at $69,000. Finally, FMR LLC boosted its stake in Hilltop by 36.7% in the third quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 885 shares in the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hilltop presently has a consensus rating of “Hold” and a consensus price target of $34.50.

Hilltop Company 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.