Cornercap Investment Counsel Inc. trimmed its stake in shares of Hilltop Holdings Inc. (NYSE:HTH) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,250 shares of the financial services provider’s stock after selling 2,875 shares during the period. Cornercap Investment Counsel Inc. owned approximately 0.06% of Hilltop worth $1,475,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised its holdings in shares of Hilltop by 23.2% during the fourth quarter. Guggenheim Capital LLC now owns 42,918 shares of the financial services provider’s stock valued at $1,087,000 after purchasing an additional 8,084 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Hilltop by 41.4% during the fourth quarter. Deutsche Bank AG now owns 229,569 shares of the financial services provider’s stock valued at $5,814,000 after purchasing an additional 67,169 shares during the last quarter. Context BH Capital Management LP raised its holdings in shares of Hilltop by 17.8% during the fourth quarter. Context BH Capital Management LP now owns 428,047 shares of the financial services provider’s stock valued at $10,842,000 after purchasing an additional 64,561 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Hilltop by 3.3% during the fourth quarter. Alliancebernstein L.P. now owns 300,740 shares of the financial services provider’s stock valued at $7,618,000 after purchasing an additional 9,620 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Hilltop during the fourth quarter valued at approximately $334,000. 60.17% of the stock is owned by hedge funds and other institutional investors.
Hilltop Holdings Inc. (NYSE:HTH) opened at $24.80 on Tuesday. The firm has a market cap of $2,446.73, a P/E ratio of 18.62 and a beta of 1.12. Hilltop Holdings Inc. has a 12-month low of $21.47 and a 12-month high of $28.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 0.85.
Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. The business had revenue of $399.15 million during the quarter, compared to analyst estimates of $390.05 million. Hilltop had a net margin of 7.74% and a return on equity of 8.46%. sell-side analysts anticipate that Hilltop Holdings Inc. will post 2.01 EPS for the current year.
Hilltop declared that its Board of Directors has authorized a share buyback program on Thursday, January 25th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 15th were given a dividend of $0.07 per share. This is a positive change from Hilltop’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, February 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.13%. Hilltop’s dividend payout ratio is currently 20.74%.
In related news, Director Gerald J. Ford bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average price of $25.08 per share, for a total transaction of $250,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.50% of the stock is currently owned by corporate insiders.
Several analysts recently issued reports on HTH shares. ValuEngine upgraded shares of Hilltop from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Piper Jaffray Companies restated a “hold” rating and set a $30.00 target price on shares of Hilltop in a research report on Sunday, January 28th. Zacks Investment Research lowered shares of Hilltop from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, Stephens lowered shares of Hilltop from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 29th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Hilltop presently has a consensus rating of “Hold” and an average price target of $33.50.
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
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