Hodges Capital Management Inc. Decreases Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Hodges Capital Management Inc. trimmed its holdings in Hilltop Holdings Inc. (NYSE:HTH - Free Report) by 8.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 432,779 shares of the financial services provider's stock after selling 39,322 shares during the quarter. Hodges Capital Management Inc. owned 0.67% of Hilltop worth $13,918,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new position in Hilltop in the 2nd quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Hilltop during the 3rd quarter valued at $49,000. Innealta Capital LLC bought a new stake in Hilltop during the 2nd quarter valued at $69,000. FMR LLC boosted its position in Hilltop by 36.7% during the 3rd quarter. FMR LLC now owns 3,296 shares of the financial services provider's stock valued at $106,000 after buying an additional 885 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Hilltop in the 3rd quarter worth $185,000. Hedge funds and other institutional investors own 57.13% of the company's stock.

Insider Transactions at Hilltop

In other news, CEO Martin Bradley Winges sold 30,851 shares of the business's stock in a transaction 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 transaction, the chief executive officer now owns 77,748 shares in the company, valued at $2,535,362.28. The trade was a 28.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Keith E. Bornemann sold 2,500 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $32.00, for a total value of $80,000.00. Following the transaction, 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. Insiders own 29.30% of the company's stock.

Hilltop Stock Up 1.6 %

Shares of NYSE:HTH traded up $0.50 during trading on Friday, hitting $31.83. The stock had a trading volume of 185,251 shares, compared to its average volume of 244,076. Hilltop Holdings Inc. has a 12 month low of $28.58 and a 12 month high of $35.66. The company has a market capitalization of $2.07 billion, a PE ratio of 19.53 and a beta of 1.13. The firm's fifty day moving average is $31.62 and its 200 day moving average is $31.54.

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

Hilltop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, November 8th. Hilltop's dividend payout ratio (DPR) is 41.72%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HTH shares. StockNews.com upgraded shares of Hilltop from a "sell" rating to a "hold" rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price objective on Hilltop from $34.00 to $35.00 and gave the stock a "market perform" rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $34.50.

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.