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

Hilltop Holdings Inc. (NYSE:HTH) announced a quarterly dividend on Thursday, April 18th, NASDAQ reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.17 per share by the financial services provider on Friday, May 24th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, May 9th.

Hilltop has increased its dividend payment by an average of 21.1% annually over the last three years and has raised its dividend every year for the last 7 years. Hilltop has a payout ratio of 41.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Hilltop to earn $1.64 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 41.5%.

Hilltop Stock Performance

Shares of Hilltop stock opened at $31.24 on Wednesday. The stock has a 50 day moving average of $30.43 and a 200 day moving average of $31.19. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 18.27 and a beta of 1.10. Hilltop has a fifty-two week low of $26.78 and a fifty-two week high of $35.66.

Hilltop (NYSE:HTH) last announced its quarterly earnings results on Friday, April 19th. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.28 by $0.14. The business had revenue of $285.24 million for the quarter, compared to analyst estimates of $274.55 million. Hilltop had a return on equity of 5.24% and a net margin of 6.95%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 EPS. Analysts forecast that Hilltop will post 1.36 EPS for the current year.

Insider Transactions at Hilltop

In related news, Director Hill A. Feinberg sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $31.63, for a total transaction of $94,890.00. Following the completion of the transaction, the director now directly owns 13,776 shares in the company, valued at approximately $435,734.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hilltop news, CEO Martin Bradley Winges sold 30,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $30.83, for a total value of $924,900.00. Following the completion of the transaction, the chief executive officer now owns 98,934 shares in the company, valued at $3,050,135.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Hill A. Feinberg sold 3,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $31.63, for a total value of $94,890.00. Following the sale, the director now directly owns 13,776 shares in the company, valued at approximately $435,734.88. The disclosure for this sale can be found here. Company insiders own 28.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of Hilltop from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

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.