Tectonic Advisors LLC Acquires 3,592 Shares of Hilltop Holdings Inc. (NYSE:HTH)

Tectonic Advisors LLC boosted its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,005 shares of the financial services provider’s stock after buying an additional 3,592 shares during the quarter. Tectonic Advisors LLC owned about 0.06% of Hilltop worth $1,117,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its holdings in Hilltop by 187.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 511,286 shares of the financial services provider’s stock worth $16,443,000 after acquiring an additional 333,695 shares during the period. Verition Fund Management LLC increased its stake in shares of Hilltop by 419.7% in the third quarter. Verition Fund Management LLC now owns 383,692 shares of the financial services provider’s stock worth $12,340,000 after purchasing an additional 309,858 shares during the period. Janus Henderson Group PLC lifted its position in shares of Hilltop by 90.5% during the 3rd quarter. Janus Henderson Group PLC now owns 592,138 shares of the financial services provider’s stock worth $19,043,000 after purchasing an additional 281,230 shares during the last quarter. State Street Corp grew its holdings in Hilltop by 4.4% in the 3rd quarter. State Street Corp now owns 2,568,227 shares of the financial services provider’s stock valued at $82,594,000 after buying an additional 107,348 shares during the last quarter. Finally, Hodges Capital Management Inc. increased its position in Hilltop by 20.7% in the 4th quarter. Hodges Capital Management Inc. now owns 522,503 shares of the financial services provider’s stock worth $14,959,000 after buying an additional 89,724 shares during the period. 57.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hilltop

In related news, CAO Keith E. Bornemann sold 2,500 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $32.00, for a total transaction of $80,000.00. Following the transaction, the chief accounting officer now owns 9,124 shares in the company, valued at $291,968. This represents a 21.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 29.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HTH shares. Raymond James cut Hilltop from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods reduced their price target on shares of Hilltop from $35.00 to $34.00 and set a “market perform” rating for the company in a report on Monday. Finally, StockNews.com upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, Hilltop has a consensus rating of “Hold” and an average price target of $34.00.

Hilltop Trading Up 4.1 %

Shares of NYSE HTH opened at $32.27 on Thursday. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 18.55 and a beta of 1.14. Hilltop Holdings Inc. has a one year low of $26.67 and a one year high of $35.32. The business has a fifty day simple moving average of $29.68 and a 200 day simple moving average of $31.12.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.27. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. On average, research analysts anticipate that Hilltop Holdings Inc. will post 1.48 earnings per share for the current fiscal year.

Hilltop Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, February 13th will be issued a dividend of $0.18 per share. This is an increase from Hilltop’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, February 13th. Hilltop’s dividend payout ratio (DPR) is currently 41.38%.

About Hilltop

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.