Hilltop Holdings Inc. (NYSE:HTH – Get Free Report) declared a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Thursday, February 13th will be paid a dividend of 0.18 per share by the financial services provider on Thursday, February 27th. This represents a $0.72 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Thursday, February 13th. This is an increase from Hilltop’s previous quarterly dividend of $0.17.
Hilltop has increased its dividend by an average of 12.3% annually over the last three years. Hilltop has a payout ratio of 40.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Hilltop to earn $1.48 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 45.9%.
Hilltop Trading Up 1.1 %
HTH traded up $0.33 on Friday, reaching $30.13. The stock had a trading volume of 895,831 shares, compared to its average volume of 389,602. Hilltop has a 12-month low of $26.67 and a 12-month high of $35.32. The business’s 50-day moving average price is $29.79 and its two-hundred day moving average price is $31.23. The company has a market cap of $1.96 billion, a P/E ratio of 18.48 and a beta of 1.15.
Insider Buying and Selling
In related news, CEO Martin Bradley Winges sold 30,851 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the sale, the chief executive officer now directly owns 77,748 shares of the company’s stock, valued at $2,535,362.28. This represents a 28.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Keith E. Bornemann sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $32.00, for a total transaction of $80,000.00. Following the sale, the chief accounting officer now directly owns 9,124 shares in the company, valued at approximately $291,968. The trade was a 21.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 29.30% of the stock is owned by insiders.
Analyst Ratings Changes
Several research firms have weighed in on HTH. StockNews.com upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Raymond James lowered shares of Hilltop from a “market perform” rating to an “underperform” rating in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Hilltop from $34.00 to $35.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.50.
View Our Latest Analysis on Hilltop
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.
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