72,365 Shares in Hilltop Holdings Inc. $HTH Bought by Deutsche Bank AG

Deutsche Bank AG bought a new position in shares of Hilltop Holdings Inc. (NYSE:HTH) during the 2nd quarter, Holdings Channel.com reports. The firm bought 72,365 shares of the financial services provider’s stock, valued at approximately $2,806,000.

Other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its position in shares of Hilltop by 156.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 81,675 shares of the financial services provider’s stock valued at $2,772,000 after buying an additional 49,859 shares during the last quarter. Principal Financial Group Inc. boosted its position in Hilltop by 39.8% during the first quarter. Principal Financial Group Inc. now owns 286,079 shares of the financial services provider’s stock worth $10,247,000 after purchasing an additional 81,448 shares during the period. Bessemer Group Inc. boosted its position in Hilltop by 43.3% during the first quarter. Bessemer Group Inc. now owns 165,263 shares of the financial services provider’s stock worth $5,920,000 after purchasing an additional 49,900 shares during the period. Bank of America Corp DE increased its holdings in shares of Hilltop by 159.3% in the first quarter. Bank of America Corp DE now owns 211,095 shares of the financial services provider’s stock valued at $7,561,000 after purchasing an additional 129,683 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Hilltop by 53.5% in the first quarter. First Trust Advisors LP now owns 84,304 shares of the financial services provider’s stock valued at $3,020,000 after purchasing an additional 29,395 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HTH. Wall Street Zen cut shares of Hilltop from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Zacks Research raised Hilltop from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, May 4th. Piper Sandler reiterated a “neutral” rating and set a $42.00 target price on shares of Hilltop in a research note on Tuesday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Hilltop in a report on Wednesday, August 19th. Finally, Keefe, Bruyette & Woods boosted their price target on Hilltop from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.00.

Hilltop Trading Down 0.3%

NYSE HTH opened at $38.51 on Friday. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 14.26 and a beta of 0.89. The firm’s 50 day simple moving average is $38.87 and its 200 day simple moving average is $37.79. Hilltop Holdings Inc. has a 1 year low of $30.78 and a 1 year high of $40.41.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.49 by $0.14. Hilltop had a net margin of 10.17% and a return on equity of 7.40%. The business had revenue of $315.81 million during the quarter, compared to the consensus estimate of $306.18 million. During the same period in the previous year, the business earned $0.57 earnings per share. On average, equities research analysts forecast that Hilltop Holdings Inc. will post 2.59 earnings per share for the current year.

Hilltop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a dividend of $0.22 per share. This is an increase from Hilltop’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.3%. Hilltop’s payout ratio is presently 32.59%.

Insider Buying and Selling at Hilltop

In related news, Director Rhodes R. Bobbitt sold 5,000 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $38.80, for a total transaction of $194,000.00. Following the completion of the sale, the director directly owned 25,641 shares in the company, valued at $994,870.80. This represents a 16.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 62,555 shares of company stock worth $2,467,714. 5.40% of the stock is owned by corporate insiders.

About Hilltop

Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.