Hilltop Holdings Inc. (NYSE: HTH – Get a rating) was the target of a significant increase in short interest during the month of May. As of May 31, there was short interest totaling 11,870,000 shares, an increase of 293.0% from the May 15 total of 3,020,000 shares. Currently, 19.7% of the company’s shares are sold short. Based on an average trading volume of 1,220,000 shares, the day-to-cover ratio is currently 9.7 days.
A number of large investors have recently changed their positions in HTH. First Trust Advisors LP increased its stake in Hilltop by 36.9% during the first quarter. First Trust Advisors LP now owns 76,326 shares of the financial services provider worth $1,393,000 after buying an additional 20,554 shares last quarter. Hsbc Holdings PLC acquired a new stake in Hilltop during the third quarter worth approximately $340,000. Zacks Investment Management increased its holdings in Hilltop by 7.8% during the third quarter. Zacks Investment Management now owns 41,929 shares of the financial services provider worth $1,370,000 after buying 3,029 additional shares last quarter. Royal Bank of Canada increased its holdings in Hilltop by 20.4% during the third quarter. Royal Bank of Canada now owns 11,087 shares of the financial services provider worth $362,000 after buying 1,877 more shares last quarter. Finally, Tudor Investment Corp Et Al purchased a new stake in Hilltop during the third quarter worth approximately $201,000. 63.52% of the shares are currently held by hedge funds and other institutional investors.
A number of stock analysts have recently commented on the company. TheStreet downgraded Hilltop from a “b” rating to a “c+” rating in a Friday, April 22 research note. StockNews.com upgraded Hilltop from a “sell” rating to a “hold” rating in a Wednesday, June 1 research note.
Shares of NYSE HTH traded down $0.80 at midday Friday, hitting $28.12. 1,084,014 shares of the company were traded, with an average volume of 2,448,608. The stock’s 50-day moving average price is $28.88 and its 200-day moving average price is 31.79 $. The company has a market capitalization of $2.23 billion, a P/E ratio of 8.22 and a beta of 1.09. Hilltop has a 12-month low of $25.07 and a 12-month high of $39.14.
Hilltop (NYSE:HTH- Get a rating) last released its quarterly earnings data on Thursday, April 21. The financial services provider reported earnings per share (EPS) of $0.28 for the quarter, missing the consensus estimate of $0.51 per ($0.23). The company posted revenue of $316.42 million for the quarter, versus analyst estimates of $376.49 million. Hilltop had a return on equity of 11.01% and a net margin of 16.15%. The company’s quarterly revenue was down 39.5% year over year. In the same quarter a year earlier, the company posted earnings per share of $1.46. As a group, equity research analysts expect Hilltop to post 1.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 27. Investors of record on Friday, May 13 received a dividend of $0.15 per share. The ex-dividend date was Thursday, May 12. This represents an annualized dividend of $0.60 and a yield of 2.13%. Hilltop’s payout ratio is 17.54%.
Hilltop Company Profile (Get a rating)
Hilltop Holdings Inc provides corporate and personal banking, financial products and 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, securities purchase and transportation loans, equipment loans and leases, agricultural and commercial real estate loans and other loans; and commercial and industrial loans, and term and construction financing.
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