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

Hilltop Holdings Inc. (NYSE:HTH) announced a quarterly dividend on Thursday, October 24th, NASDAQ reports. Shareholders 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 annualized dividend and a yield of 2.25%. 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 dividend payout ratio of 42.5% 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 stock opened at $30.22 on Friday. The stock has a market capitalization of $1.97 billion, a P/E ratio of 17.67 and a beta of 1.13. Hilltop has a one year low of $26.96 and a one year high of $35.66. The company has a 50 day moving average price of $31.82 and a two-hundred day moving average price of $31.26.

Hilltop (NYSE:HTH) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.39 by $0.07. The firm had revenue of $411.49 million during the quarter, compared to analysts’ expectations of $302.29 million. Hilltop had a net margin of 7.10% and a return on equity of 5.30%. During the same period in the previous year, the company earned $0.57 EPS. Research analysts forecast that Hilltop will post 1.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Hilltop

In related news, Director Hill A. Feinberg sold 17,157 shares of Hilltop stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $32.99, for a total transaction of $566,009.43. Following the transaction, the director now owns 544,979 shares in the company, valued at approximately $17,978,857.21. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 28.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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