Context BH Capital Management LP Acquires 73,739 Shares of Hilltop Holdings Inc. (HTH)
Context BH Capital Management LP increased its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 25.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 363,486 shares of the financial services provider’s stock after purchasing an additional 73,739 shares during the quarter. Hilltop Holdings accounts for 3.1% of Context BH Capital Management LP’s holdings, making the stock its 7th biggest position. Context BH Capital Management LP owned approximately 0.38% of Hilltop Holdings worth $9,451,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hilltop Holdings by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,996 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 348 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Hilltop Holdings by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,638 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 994 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Hilltop Holdings during the 2nd quarter worth approximately $241,000. Principal Financial Group Inc. grew its stake in shares of Hilltop Holdings by 2.1% during the 2nd quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 186 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of Hilltop Holdings by 0.8% during the 2nd quarter. Amalgamated Bank now owns 9,501 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 72 shares in the last quarter. 56.95% of the stock is owned by institutional investors and hedge funds.
Hilltop Holdings Inc. (NYSE HTH) traded up $0.10 during midday trading on Monday, hitting $22.27. The stock had a trading volume of 345,100 shares, compared to its average volume of 337,558. The firm has a market cap of $2,135.92, a P/E ratio of 14.19 and a beta of 1.03. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. Hilltop Holdings Inc. has a 12 month low of $21.47 and a 12 month high of $30.60.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Tuesday, November 14th. Hilltop Holdings’s payout ratio is presently 15.29%.
Several equities analysts have recently weighed in on HTH shares. Piper Jaffray Companies reaffirmed a “hold” rating and set a $30.00 price target on shares of Hilltop Holdings in a research note on Thursday, October 19th. Stephens raised shares of Hilltop Holdings from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $31.00 to $47.00 in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of Hilltop Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Hilltop Holdings in a research note on Thursday, August 10th. Finally, BidaskClub cut shares of Hilltop Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Hilltop Holdings has a consensus rating of “Hold” and a consensus target price of $33.30.
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In related news, Director Charles Clifton Robinson acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was bought at an average price of $23.90 per share, with a total value of $239,000.00. Following the acquisition, the director now owns 1,265,024 shares in the company, valued at approximately $30,234,073.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 22.50% of the company’s stock.
Hilltop Holdings 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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