Hilltop Holdings Inc. (NYSE:HTH) Plans Quarterly Dividend of $0.17

Hilltop Holdings Inc. (NYSE:HTH) declared a quarterly dividend on Thursday, October 24th, NASDAQ reports. Shareholders of record on Friday, November 8th will be paid 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 yield of 2.25%. The ex-dividend date of this dividend is Friday, November 8th.

Hilltop has increased its dividend payment by an average of 21.1% annually over the last three years. Hilltop has a payout ratio of 42.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 1.1 %

Shares of HTH traded down $0.33 during trading hours on Friday, reaching $30.22. 362,385 shares of the company traded hands, compared to its average volume of 309,392. The stock has a market capitalization of $1.97 billion, a P/E ratio of 17.85 and a beta of 1.13. The business has a fifty day moving average price of $31.84 and a 200-day moving average price of $31.27. Hilltop has a 12-month low of $26.96 and a 12-month high of $35.66.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.07. Hilltop had a return on equity of 5.30% and a net margin of 7.10%. The business had revenue of $411.49 million for the quarter, compared to the consensus estimate of $302.29 million. During the same quarter in the previous year, the business earned $0.57 EPS. As a group, research analysts predict that Hilltop will post 1.38 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at Hilltop

In other Hilltop news, Director Hill A. Feinberg sold 17,157 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $32.99, for a total value of $566,009.43. Following the completion of the transaction, the director now owns 544,979 shares in the company, valued at approximately $17,978,857.21. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 28.90% of the company’s stock.

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.