Hilltop Holdings Inc. (HTH) To Go Ex-Dividend on May 8th

Hilltop Holdings Inc. (NYSE:HTH) announced a quarterly dividend on Friday, April 25th, Wall Street Journal reports. Investors of record on Thursday, May 8th will be paid a dividend of 0.18 per share by the financial services provider on Thursday, May 22nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, May 8th.

Hilltop has increased its dividend by an average of 12.3% annually over the last three years. Hilltop has a payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hilltop to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 38.5%.

Hilltop Price Performance

HTH stock opened at $28.97 on Friday. The firm has a 50 day simple moving average of $30.12 and a two-hundred day simple moving average of $30.47. The stock has a market cap of $1.88 billion, a PE ratio of 16.65 and a beta of 1.00. Hilltop has a one year low of $26.67 and a one year high of $35.32.

Hilltop (NYSE:HTH) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.37. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. The business had revenue of $318.46 million for the quarter, compared to analysts’ expectations of $290.68 million. On average, research analysts expect that Hilltop will post 1.51 EPS for the current fiscal year.

Analyst Ratings Changes

HTH has been the subject of a number of recent research reports. Raymond James upgraded Hilltop from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price objective on shares of Hilltop from $35.00 to $34.00 and set a “market perform” rating for the company in a report on Monday, February 3rd.

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.