Hilltop Holdings Inc. (NYSE:HTH) declared a quarterly dividend on Thursday, January 25th, Zacks reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.07 per share by the financial services provider on Wednesday, February 28th. This represents a $0.28 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from Hilltop’s previous quarterly dividend of $0.06.

Hilltop (HTH) opened at $24.12 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.99. Hilltop has a 12 month low of $21.47 and a 12 month high of $29.54. The firm has a market capitalization of $2,353.48, a PE ratio of 14.86 and a beta of 1.09.

Hilltop (NYSE:HTH) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Hilltop had a return on equity of 8.48% and a net margin of 7.74%. The company had revenue of $399.15 million for the quarter, compared to analysts’ expectations of $390.05 million. equities research analysts forecast that Hilltop will post 2.05 earnings per share for the current year.

Hilltop announced that its Board of Directors has approved a stock buyback plan on Thursday, January 25th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Several equities research analysts recently commented on HTH shares. ValuEngine raised Hilltop from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Stephens cut Hilltop from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 29th. Piper Jaffray Companies reissued a “hold” rating and issued a $30.00 price target on shares of Hilltop in a research note on Sunday, January 28th. Finally, Zacks Investment Research raised Hilltop from a “sell” rating to a “hold” rating and set a $30.00 price target for the company in a research note on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Hilltop currently has a consensus rating of “Hold” and a consensus target price of $33.50.

In other news, Director Gerald J. Ford purchased 10,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was acquired at an average price of $25.08 per share, with a total value of $250,800.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 22.50% of the company’s stock.

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About Hilltop

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).

Dividend History for Hilltop (NYSE:HTH)

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