Hilltop Holdings Inc. (NYSE:HTH – Get Free Report) 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.
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.
Get Our Latest Analysis on Hilltop
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.
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