EntryPoint Capital LLC Purchases New Shares in Hilltop Holdings Inc. (NYSE:HTH)

EntryPoint Capital LLC acquired a new position in Hilltop Holdings Inc. (NYSE:HTH) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 10,282 shares of the financial services provider’s stock, valued at approximately $294,000.

A number of other large investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC purchased a new position in Hilltop in the fourth quarter worth about $27,000. Sunbelt Securities Inc. purchased a new position in shares of Hilltop in the 3rd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hilltop during the 3rd quarter valued at approximately $49,000. KBC Group NV increased its position in shares of Hilltop by 64.0% during the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 1,023 shares during the last quarter. Finally, FMR LLC lifted its position in 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 last quarter. 57.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Hilltop Stock Down 0.4 %

Shares of Hilltop stock opened at $31.06 on Friday. Hilltop Holdings Inc. has a 52 week low of $26.67 and a 52 week high of $35.32. The company has a market capitalization of $2.01 billion, a PE ratio of 17.85 and a beta of 1.14. The stock’s fifty day moving average is $30.87 and its two-hundred day moving average is $30.93.

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

Hilltop Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, February 13th were issued a $0.18 dividend. This is a positive change from Hilltop’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.32%. Hilltop’s payout ratio is presently 41.38%.

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.