Proficio Capital Partners LLC Acquires Shares of 11,069 Hilltop Holdings Inc. (NYSE:HTH)

Proficio Capital Partners LLC bought a new stake in Hilltop Holdings Inc. (NYSE:HTH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,069 shares of the financial services provider’s stock, valued at approximately $317,000.

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in Hilltop in the 3rd quarter worth approximately $29,000. Venturi Wealth Management LLC purchased a new position in shares of Hilltop during the 4th quarter valued at $27,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hilltop in the third quarter worth approximately $49,000. KBC Group NV grew its position in Hilltop by 64.0% in the fourth quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 1,023 shares in the last quarter. Finally, FMR LLC increased its stake in Hilltop by 36.7% in the third quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 885 shares during the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Hilltop Stock Performance

Shares of HTH stock opened at $30.85 on Wednesday. Hilltop Holdings Inc. has a fifty-two week low of $26.67 and a fifty-two week high of $35.32. The firm has a market cap of $2.00 billion, a P/E ratio of 17.73 and a beta of 1.14. The business’s 50 day moving average price is $30.77 and its 200-day moving average price is $30.93.

Hilltop (NYSE:HTH) last announced its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.27. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. As a group, equities analysts predict that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were paid a $0.18 dividend. The ex-dividend date was Thursday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 2.33%. This is an increase from Hilltop’s previous quarterly dividend of $0.17. Hilltop’s dividend payout ratio is presently 41.38%.

Analysts Set New Price Targets

Several research firms recently commented on HTH. Keefe, Bruyette & Woods reduced their target price on shares of Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a report on Monday, February 3rd. Raymond James cut shares of Hilltop from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 19th.

Hilltop Company Profile

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.