Advantage Alpha Capital Partners LP Increases Holdings in Hilltop Holdings Inc. (NYSE:HTH)

Advantage Alpha Capital Partners LP increased its holdings in shares of Hilltop Holdings Inc. (NYSE:HTH) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,501 shares of the financial services provider’s stock after purchasing an additional 1,737 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Hilltop were worth $472,000 at the end of the most recent reporting period.

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

Hilltop Trading Up 1.4 %

HTH opened at $30.96 on Tuesday. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 17.79 and a beta of 1.14. Hilltop Holdings Inc. has a 12 month low of $26.67 and a 12 month high of $35.32. The stock has a fifty day moving average price of $30.72 and a 200-day moving average price of $30.94.

Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.55 earnings per share 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, equities research analysts forecast that Hilltop Holdings Inc. will post 1.51 EPS for the current year.

Hilltop Increases Dividend

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

Analyst Ratings Changes

HTH has been the subject of several research analyst reports. Raymond James downgraded shares of Hilltop from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods dropped their price target on Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a research report on Monday, February 3rd.

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.