Hilltop Holdings Inc. (HTH) to Issue Quarterly Dividend of $0.18 on February 27th

Hilltop Holdings Inc. (NYSE:HTH) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders of record on Thursday, February 13th will be paid a dividend of 0.18 per share by the financial services provider on Thursday, February 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Thursday, February 13th. This is a positive change from Hilltop’s previous quarterly dividend of $0.17.

Hilltop has raised its dividend payment by an average of 12.3% annually over the last three years. Hilltop has a dividend payout ratio of 38.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hilltop to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 38.5%.

Hilltop Stock Down 0.5 %

HTH stock opened at $31.96 on Tuesday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 18.37 and a beta of 1.14. Hilltop has a 12-month low of $26.67 and a 12-month high of $35.32. The company’s fifty day simple moving average is $29.72 and its 200 day simple moving average is $31.05.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.27. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. Research analysts expect that Hilltop will post 1.51 earnings per share for the current year.

Insider Transactions at Hilltop

In related news, CAO Keith E. Bornemann sold 2,500 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $32.00, for a total transaction of $80,000.00. Following the transaction, the chief accounting officer now owns 9,124 shares of the company’s stock, valued at approximately $291,968. This trade represents a 21.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 29.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on HTH. Keefe, Bruyette & Woods cut their price target on shares of Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a report on Monday, February 3rd. Raymond James cut shares of Hilltop from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $34.00.

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.