Hilltop Holdings Inc. (NYSE:HTH) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.06 per share by the financial services provider on Thursday, November 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Tuesday, November 14th.
Shares of Hilltop Holdings (NYSE:HTH) opened at $22.27 on Friday. Hilltop Holdings has a twelve month low of $21.47 and a twelve month high of $30.60. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2,135.92, a P/E ratio of 14.18 and a beta of 1.03.
In other news, Director J Markham Green sold 4,389 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $25.98, for a total transaction of $114,026.22. Following the completion of the transaction, the director now owns 114,763 shares of the company’s stock, valued at $2,981,542.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles Clifton Robinson purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were acquired at an average cost of $23.90 per share, with a total value of $239,000.00. Following the purchase, the director now directly owns 1,265,024 shares of the company’s stock, valued at approximately $30,234,073.60. The disclosure for this purchase can be found here. 22.60% of the stock is owned by corporate insiders.
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A number of brokerages have recently weighed in on HTH. Compass Point raised shares of Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 price target for the company in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Hilltop Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. UBS AG downgraded shares of Hilltop Holdings from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Hilltop Holdings in a research note on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $33.30.
Hilltop Holdings Company Profile
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
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