Proficio Capital Partners LLC Takes Position in Hilltop Holdings Inc. (NYSE:HTH)

Proficio Capital Partners LLC acquired a new position in shares of Hilltop Holdings Inc. (NYSE:HTH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,069 shares of the financial services provider's stock, valued at approximately $317,000.

Other hedge funds have also modified their holdings of the company. FMR LLC lifted its holdings in shares of Hilltop by 36.7% during the third quarter. FMR LLC now owns 3,296 shares of the financial services provider's stock valued at $106,000 after purchasing an additional 885 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in Hilltop during the third quarter valued at about $29,000. Venturi Wealth Management LLC purchased a new stake in Hilltop during the fourth quarter valued at about $27,000. KBC Group NV boosted its holdings in shares of Hilltop by 64.0% in the fourth 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, Inspire Investing LLC increased its position in shares of Hilltop by 9.4% in the fourth quarter. Inspire Investing LLC now owns 13,982 shares of the financial services provider's stock worth $400,000 after acquiring an additional 1,196 shares in the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Hilltop Stock Performance

Shares of NYSE HTH traded down $0.57 during mid-day trading on Friday, reaching $30.45. The company had a trading volume of 175,884 shares, compared to its average volume of 327,070. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 17.50 and a beta of 1.14. The stock has a fifty day moving average of $30.91 and a two-hundred day moving average of $30.92. Hilltop Holdings Inc. has a 12-month low of $26.67 and a 12-month high of $35.32.

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Hilltop (NYSE:HTH - Get Free Report) last released its earnings results on Thursday, January 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.27. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. Sell-side analysts forecast that Hilltop Holdings Inc. will post 1.51 earnings per share for the current fiscal year.

Hilltop Increases Dividend

The company 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 is a boost from Hilltop's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.72 dividend on an annualized basis and a yield of 2.36%. Hilltop's dividend payout ratio (DPR) is presently 41.38%.

Analyst Upgrades and Downgrades

HTH has been the subject of a number of recent analyst reports. Raymond James lowered shares of Hilltop from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods decreased their target price on 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 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.