Stephens Reaffirms Equal Weight Rating for Hilltop (NYSE:HTH)

Posted by Defense World Staff on Apr 25th, 2023

Stephens reissued their equal weight rating on shares of Hilltop (NYSE:HTH – Get Rating) in a report released on Friday, Benzinga reports. The firm currently has a $33.00 price objective on the financial services provider’s stock.

Separately, StockNews.com began coverage on shares of Hilltop in a report on Thursday, March 16th. They issued a hold rating on the stock.

Hilltop Trading Up 2.2 %

NYSE HTH opened at $31.34 on Friday. The firm has a market capitalization of $2.03 billion, a PE ratio of 18.01 and a beta of 1.05. The business’s 50-day moving average price is $30.73 and its two-hundred day moving average price is $30.04. Hilltop has a 12 month low of $24.18 and a 12 month high of $34.87.

Hilltop (NYSE:HTH – Get Rating) last announced its earnings results on Friday, April 21st. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.23 by $0.17. Hilltop had a return on equity of 5.66% and a net margin of 8.09%. The business had revenue of $353.92 million for the quarter, compared to analysts’ expectations of $277.55 million. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, analysts forecast that Hilltop will post 1.49 earnings per share for the current fiscal year.

Hilltop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Stockholders of record on Wednesday, May 10th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, May 9th. Hilltop’s dividend payout ratio (DPR) is 36.78%.

Insider Activity

In other news, CEO Jerry Schaffner sold 40,000 shares of the stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $33.33, for a total transaction of $1,333,200.00. Following the transaction, the chief executive officer now owns 136,763 shares of the company’s stock, valued at approximately $4,558,310.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Hill A. Feinberg sold 9,001 shares of Hilltop stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $32.39, for a total value of $291,542.39. Following the completion of the sale, the director now owns 600,135 shares of the company’s stock, valued at approximately $19,438,372.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jerry Schaffner sold 40,000 shares of the company’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $33.33, for a total transaction of $1,333,200.00. Following the transaction, the chief executive officer now owns 136,763 shares in the company, valued at approximately $4,558,310.79. The disclosure for this sale can be found here. 22.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hilltop

Hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Investing LLC raised its position in Hilltop by 17.6% in the 1st quarter. Inspire Investing LLC now owns 9,214 shares of the financial services provider’s stock valued at $273,000 after buying an additional 1,382 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Hilltop in the first quarter valued at about $97,000. Allspring Global Investments Holdings LLC lifted its position in shares of Hilltop by 3.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,697 shares of the financial services provider’s stock valued at $347,000 after purchasing an additional 440 shares in the last quarter. Retireful LLC purchased a new position in Hilltop during the first quarter worth about $261,000. Finally, Diversified Trust Co grew its position in Hilltop by 4.6% in the 1st quarter. Diversified Trust Co now owns 12,283 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 538 shares in the last quarter. 79.46% of the stock is owned by institutional investors.

Hilltop Company Profile

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Hilltop Holdings, Inc engages in the provision of business and consumer banking services. It operates through the following segments: Banking, Broker-Dealer and Mortgage Origination. The Banking segment includes business banking, personal banking, wealth and investment management. The Broker-Dealer segment includes the following lines of business: public finance, capital markets, retail, structured finance, clearing services and securities lending.