Hilltop (NYSE:HTH) Hits New 1-Year Low - What's Next?

Hilltop Holdings Inc. (NYSE:HTH - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as $27.78 and last traded at $28.00, with a volume of 16286 shares changing hands. The stock had previously closed at $28.11.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Hilltop from a "sell" rating to a "hold" rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price target on Hilltop from $34.00 to $35.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, Raymond James lowered Hilltop from a "market perform" rating to an "underperform" rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $34.50.

Hilltop Stock Performance

The company has a market cap of $1.80 billion, a PE ratio of 17.02 and a beta of 1.15. The business's 50-day moving average is $30.91 and its 200 day moving average is $31.47.

Hilltop (NYSE:HTH - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.37 by $0.09. The firm had revenue of $411.49 million for the quarter, compared to the consensus estimate of $302.29 million. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. During the same quarter in the previous year, the business earned $0.57 earnings per share. Equities research analysts anticipate that Hilltop Holdings Inc. will post 1.48 EPS for the current fiscal year.

Hilltop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Friday, November 8th. Hilltop's dividend payout ratio (DPR) is presently 41.72%.

Insider Transactions at Hilltop

In related news, CAO Keith E. Bornemann sold 2,500 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $32.00, for a total transaction of $80,000.00. Following the transaction, the chief accounting officer now owns 9,124 shares in the company, valued at $291,968. The trade was a 21.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Martin Bradley Winges sold 30,851 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $32.61, for a total value of $1,006,051.11. Following the completion of the sale, the chief executive officer now owns 77,748 shares of the company's stock, valued at approximately $2,535,362.28. This trade represents a 28.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 29.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HTH. JPMorgan Chase & Co. increased its position in shares of Hilltop by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 480,557 shares of the financial services provider's stock valued at $15,455,000 after buying an additional 15,346 shares during the period. Sunbelt Securities Inc. bought a new stake in Hilltop during the 3rd quarter valued at approximately $29,000. Geode Capital Management LLC grew its holdings in shares of Hilltop by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,056,739 shares of the financial services provider's stock worth $33,991,000 after acquiring an additional 17,477 shares during the period. Barclays PLC grew its holdings in shares of Hilltop by 112.9% during the 3rd quarter. Barclays PLC now owns 106,619 shares of the financial services provider's stock worth $3,428,000 after acquiring an additional 56,537 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Hilltop by 53.1% in the 3rd quarter. Jane Street Group LLC now owns 70,905 shares of the financial services provider's stock worth $2,280,000 after acquiring an additional 24,591 shares in the last quarter. 57.13% of the stock is currently owned by institutional investors.

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.