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

Hilltop Holdings Inc. (NYSE:HTH) declared a quarterly dividend on Thursday, October 24th, NASDAQ reports. Investors 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 raised its dividend payment by an average of 21.1% annually over the last three years. Hilltop has a payout ratio of 42.5% indicating that 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 %

HTH traded down $0.33 on Friday, reaching $30.22. The company’s stock had a trading volume of 362,385 shares, compared to its average volume of 309,392. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 17.85 and a beta of 1.13. Hilltop has a fifty-two week low of $26.96 and a fifty-two week high of $35.66. The stock has a 50 day moving average of $31.84 and a two-hundred day moving average of $31.27.

Hilltop (NYSE:HTH) last posted its quarterly earnings data 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. The business had revenue of $411.49 million during the quarter, compared to the consensus estimate of $302.29 million. Hilltop had a return on equity of 5.30% and a net margin of 7.10%. During the same period in the prior year, the company earned $0.57 earnings per share. As a group, analysts anticipate that Hilltop will post 1.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hilltop news, Director Hill A. Feinberg sold 17,157 shares of the stock in a transaction on Thursday, August 29th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 28.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.