Maltese Capital Management LLC Acquires New Position in Hilltop Holdings Inc. (HTH)

Maltese Capital Management LLC acquired a new position in Hilltop Holdings Inc. (NYSE:HTH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 115,000 shares of the financial services provider’s stock, valued at approximately $2,990,000. Maltese Capital Management LLC owned 0.12% of Hilltop as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in Hilltop during the 1st quarter valued at approximately $1,769,000. Russell Investments Group Ltd. raised its stake in Hilltop by 34.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 35,194 shares of the financial services provider’s stock valued at $923,000 after purchasing an additional 9,045 shares during the period. Trexquant Investment LP bought a new stake in Hilltop during the 2nd quarter valued at approximately $485,000. First Trust Advisors LP raised its stake in Hilltop by 330.5% during the 2nd quarter. First Trust Advisors LP now owns 74,466 shares of the financial services provider’s stock valued at $1,952,000 after purchasing an additional 57,170 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Hilltop by 7.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 832,507 shares of the financial services provider’s stock worth $21,820,000 after acquiring an additional 60,344 shares during the last quarter. 56.50% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on HTH shares. Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Hilltop in a research note on Tuesday, September 12th. ValuEngine raised Hilltop from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Hilltop in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded Hilltop from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.30.

Hilltop Holdings Inc. (HTH) opened at $23.63 on Friday. The stock has a market capitalization of $2,291.30, a price-to-earnings ratio of 15.22 and a beta of 1.04. Hilltop Holdings Inc. has a 1-year low of $21.47 and a 1-year 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Tuesday, November 14th. Hilltop’s dividend payout ratio (DPR) is presently 15.29%.

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Hilltop 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).

Institutional Ownership by Quarter for Hilltop (NYSE:HTH)

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