Hilltop Holdings Inc. (NYSE:HTH) declared a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.06 per share by the financial services provider on Thursday, November 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Tuesday, November 14th.
Shares of Hilltop Holdings (NYSE:HTH) traded up $0.10 during mid-day trading on Friday, reaching $22.27. The company had a trading volume of 345,100 shares, compared to its average volume of 346,217. Hilltop Holdings has a fifty-two week low of $21.47 and a fifty-two week high of $30.60. The company has a market capitalization of $2,135.92, a PE ratio of 14.18 and a beta of 1.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.99 and a quick ratio of 0.82.
In related news, Director Charles Clifton Robinson purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was acquired at an average price of $23.90 per share, for a total transaction of $239,000.00. Following the transaction, the director now directly owns 1,265,024 shares of the company’s stock, valued at approximately $30,234,073.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Markham Green sold 4,389 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $25.98, for a total value of $114,026.22. Following the completion of the transaction, the director now owns 114,763 shares of the company’s stock, valued at approximately $2,981,542.74. The disclosure for this sale can be found here. Company insiders own 22.60% of the company’s stock.
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HTH has been the subject of several research reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $30.00 target price on shares of Hilltop Holdings in a research note on Thursday, October 19th. Stephens raised Hilltop Holdings from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $31.00 to $47.00 in a research note on Thursday, August 3rd. Zacks Investment Research cut Hilltop Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Hilltop Holdings in a research note on Thursday, August 10th. Finally, BidaskClub cut Hilltop Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $33.30.
About Hilltop Holdings
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
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