Hilltop (NYSE:HTH) Hits New 12-Month Low - What's Next?

Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $26.61 and last traded at $27.25, with a volume of 403 shares changing hands. The stock had previously closed at $28.58.

Wall Street Analysts Forecast Growth

HTH has been the subject of a number of recent analyst reports. Raymond James upgraded Hilltop from an "underperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on shares of Hilltop from $35.00 to $34.00 and set a "market perform" rating for the company in a research report on Monday, February 3rd.

Hilltop Stock Down 0.4 %

The firm has a 50 day simple moving average of $30.78 and a two-hundred day simple moving average of $30.65. The stock has a market capitalization of $1.81 billion, a P/E ratio of 16.05 and a beta of 1.00.

Hilltop (NYSE:HTH - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.55 earnings per share 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, research analysts predict that Hilltop Holdings Inc. will post 1.51 earnings per share for the current year.

Hilltop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.58%. This is a boost from Hilltop's previous quarterly dividend of $0.17. The ex-dividend date was Thursday, February 13th. Hilltop's dividend payout ratio is currently 41.38%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HTH. Venturi Wealth Management LLC acquired a new position in Hilltop in the 4th quarter worth about $27,000. Sunbelt Securities Inc. acquired a new position in shares of Hilltop in the third quarter valued at approximately $29,000. Sterling Capital Management LLC raised its holdings in Hilltop by 827.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider's stock valued at $43,000 after buying an additional 1,332 shares during the last quarter. KBC Group NV boosted its position in Hilltop by 64.0% during the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider's stock worth $75,000 after buying an additional 1,023 shares during the period. Finally, FMR LLC grew its holdings in Hilltop by 36.7% during the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider's stock worth $106,000 after acquiring an additional 885 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors.

About Hilltop

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.