Hilltop Holdings Inc. (HTH) to Issue Quarterly Dividend of $0.17 on November 22nd

by · The Cerbat Gem

Hilltop Holdings Inc. (NYSE:HTH – Get Free Report) announced a quarterly dividend on Thursday, October 24th, NASDAQ reports. Investors of record on Friday, November 8th will be given a dividend of 0.17 per share by the financial services provider on Friday, November 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, November 8th.

Hilltop has increased its dividend by an average of 21.1% per year over the last three years. Hilltop has a payout ratio of 43.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hilltop to earn $1.54 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 44.2%.

Hilltop Stock Performance

HTH opened at $31.13 on Wednesday. The company has a fifty day moving average price of $31.67 and a two-hundred day moving average price of $31.37. The firm has a market capitalization of $2.02 billion, a PE ratio of 19.10 and a beta of 1.14. Hilltop has a 52 week low of $28.45 and a 52 week high of $35.66.

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, beating analysts’ consensus estimates of $0.37 by $0.09. Hilltop had a return on equity of 4.90% and a net margin of 6.65%. The business had revenue of $411.49 million during the quarter, compared to the consensus estimate of $302.29 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. Equities analysts forecast that Hilltop will post 1.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Hilltop from $33.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. StockNews.com raised shares of Hilltop from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Stephens boosted their price objective on Hilltop from $33.00 to $34.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.50.

Get Our Latest Stock Analysis on Hilltop

Insider Activity at Hilltop

In related news, Director Hill A. Feinberg sold 17,157 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $32.99, for a total value of $566,009.43. Following the sale, the director now directly owns 544,979 shares of the company’s stock, valued at $17,978,857.21. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 29.30% of the stock is currently owned by insiders.

Hilltop Company Profile

(Get Free Report)

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.

Further Reading