Hilltop Holdings Inc. (NYSE:HTH) Short Interest Up 57.3% in May

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Hilltop Holdings Inc. (NYSE:HTH – Get Rating) saw significant growth in short-term interest in May. As of May 15, there was short interest totaling 3,020,000 shares, a growth of 57.3% from the total of 1,920,000 shares as of April 30. Approximately 5.0% of the company’s shares are sold short. Based on an average daily volume of 791,800 shares, the short interest ratio is currently 3.8 days.

Shares of NYSE HTH traded down $0.05 during Friday’s midday session, hitting $29.82. 3,872,317 shares of the company were traded, with an average volume of 1,957,426. The stock has a 50-day simple moving average of $28.95 and a 200-day simple moving average of $32.27. Hilltop has a 1-year low of $25.07 and a 1-year high of $39.14. The company has a market capitalization of $2.37 billion, a price-earnings ratio of 8.72 and a beta of 1.10.

Hilltop (NYSE:HTH – Get Rating) last released 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). Hilltop had a return on equity of 11.01% and a net margin of 16.15%. The company posted revenue of $316.42 million in the quarter, compared to $376.49 million expected by analysts. In the same quarter a year earlier, the company posted EPS of $1.46. The company’s revenue decreased by 39.5% compared to the same quarter last year. On average, stock analysts expect Hilltop to post 1.56 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Friday, May 13 received a dividend of $0.15. This represents a dividend of $0.60 on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Thursday, May 12. Hilltop’s dividend payout ratio is currently 17.54%.

Hedge funds have recently changed their positions in the business. HWG Holdings LP acquired a new stake in shares of Hilltop during the fourth quarter at a value of $54,000. Lazard Asset Management LLC increased its stake in shares of Hilltop by 17.8% during the fourth quarter. Lazard Asset Management LLC now owns 2,184 shares of the financial services provider valued at $76,000 after acquiring 330 additional shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Hilltop during the first quarter at a value of $184,000. Tudor Investment Corp Et Al acquired a new equity stake in Hilltop during the third quarter valued at $201,000. Finally, Walleye Capital LLC acquired a new equity stake in Hilltop during the first quarter at a value of $225,000. Institutional investors and hedge funds hold 63.52% of the company’s shares.

A number of analysts have weighed in on the stock recently. StockNews.com downgraded shares of Hilltop from a “hold” rating to a “sell” rating in a Friday, April 29 research note. TheStreet downgraded shares of Hilltop from a “b” rating to a “c+” rating in a Friday, April 22 research note. Finally, Zacks Investment Research downgraded Hilltop from a “hold” rating to a “strong sell” rating and set a price target of $21.00 for the company. in a report on Wednesday, April 27. Two investment analysts gave the stock a sell rating and two gave the company a hold rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.26.

Hilltop Company Profile (Get an assessment)

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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