Hilltop Holdings Inc. (NYSE:HTH) will issue a quarterly dividend of $0.15
Hilltop Holdings Inc. (NYSE:HTH) declared a quarterly dividend on Thursday, Jan. 27, Zacks reports. Investors of record on Tuesday, February 15 will receive a dividend of 0.15 per share from the financial services provider on Monday, February 28. This represents a dividend of $0.60 on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Monday, February 14. This is a positive change from Hilltop’s previous quarterly dividend of $0.12.
Hilltop has increased its dividend by 71.4% over the past three years and has increased its dividend annually for the past 4 consecutive years. Hilltop has a dividend payout ratio of 16.3%, which means its dividend is sufficiently covered by earnings. Stock analysts expect Hilltop to earn $2.54 per share next year, meaning the company should continue to be able to cover its $0.48 annual dividend with a future payout ratio. forecast of 18.9%.
HTH stock opened at $32.29 on Friday. The company has a market capitalization of $2.55 billion, a PE ratio of 6.25 and a beta of 1.09. Hilltop has a 1 year minimum of $29.78 and a 1 year maximum of $39.60. The company’s 50-day simple moving average is $35.50 and its 200-day simple moving average is $34.43.
Hilltop Inc (NYSE:HTH) last reported results on Thursday, January 27. The financial services provider reported earnings per share of $0.78 for the quarter, beating analysts’ consensus estimate of $0.72 by $0.06. The company posted revenue of $389.14 million for the quarter, versus analyst estimates of $421.11 million. Hilltop had a return on equity of 17.36% and a net margin of 20.25%. The company’s revenues were down 29.9% from the same quarter last year. During the same period of the previous year, the company achieved EPS of $1.30. As a group, research analysts predict that Hilltop will post EPS of 4.52 for the current fiscal year.
Separately, CAO Keith E. Bornemann sold 3,000 shares of the company in a trade on Wednesday, November 3. The stock was sold at an average price of $36.94, for a total transaction of $110,820.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, director Hill A. Feinberg sold 10,000 shares of the company in a trade on Monday, December 6. The stock was sold at an average price of $35.36, for a total value of $353,600.00. The disclosure of this sale can be found here. Company insiders hold 22.30% of the company’s shares.
A hedge fund recently increased its stake in shares of Hilltop. Citadel Advisors LLC increased its position in Hilltop Holdings Inc. (NYSE:HTH) by 351.0% in the third quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The institutional investor held 45,175 shares of the financial services provider after purchasing an additional 63,175 shares during the period. Citadel Advisors LLC owned 0.06% of Hilltop worth $1,476,000 at the end of the last quarter. 62.99% of the shares are currently held by institutional investors.
Hilltop Holdings, Inc provides business and consumer banking services. It operates through the following segments: Banking, Broker-Dealer, Mortgage Origination and Insurance. The Banking segment includes corporate banking, retail banking, wealth and investment management. The Broker-Dealer segment includes the following business segments: public finance, capital markets, retail, structured finance, clearing services and securities lending.
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