Hodges Capital Management Inc. Has $14.96 Million Position in Hilltop Holdings Inc. (NYSE:HTH)

Hodges Capital Management Inc. boosted its stake in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 20.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 522,503 shares of the financial services provider's stock after acquiring an additional 89,724 shares during the quarter. Hodges Capital Management Inc. owned 0.80% of Hilltop worth $14,959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC grew its holdings in shares of Hilltop by 61.4% during the third quarter. Quest Partners LLC now owns 48,393 shares of the financial services provider's stock worth $1,556,000 after buying an additional 18,415 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Hilltop by 53.1% in the third quarter. Jane Street Group LLC now owns 70,905 shares of the financial services provider's stock valued at $2,280,000 after purchasing an additional 24,591 shares during the last quarter. State Street Corp lifted its position in shares of Hilltop by 4.4% in the third quarter. State Street Corp now owns 2,568,227 shares of the financial services provider's stock worth $82,594,000 after purchasing an additional 107,348 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Hilltop by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,056,739 shares of the financial services provider's stock worth $33,991,000 after purchasing an additional 17,477 shares during the last quarter. Finally, Versor Investments LP grew its position in Hilltop by 171.4% in the third quarter. Versor Investments LP now owns 34,200 shares of the financial services provider's stock valued at $1,100,000 after purchasing an additional 21,600 shares in the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.

Hilltop Stock Up 1.5 %

Shares of HTH traded up $0.48 during trading hours on Thursday, hitting $32.76. The company had a trading volume of 473,631 shares, compared to its average volume of 412,858. The business has a fifty day moving average of $29.70 and a 200-day moving average of $31.13. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 18.83 and a beta of 1.14. Hilltop Holdings Inc. has a 12 month low of $26.67 and a 12 month high of $35.32.

Hilltop (NYSE:HTH - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.27. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. On average, equities analysts expect that Hilltop Holdings Inc. will post 1.48 EPS for the current fiscal year.

Hilltop Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 13th will be issued a $0.18 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.72 dividend on an annualized basis and a yield of 2.20%. This is an increase from Hilltop's previous quarterly dividend of $0.17. Hilltop's payout ratio is currently 39.08%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Raymond James downgraded Hilltop from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 19th. StockNews.com raised shares of Hilltop from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Hilltop from $35.00 to $34.00 and set a "market perform" rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $34.00.

Insiders Place Their Bets

In other Hilltop news, CAO Keith E. Bornemann sold 2,500 shares of the stock in a transaction dated Friday, November 22nd. The shares were 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 $291,968. This represents a 21.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 29.30% of the company's stock.

Hilltop 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.