Hilltop Holdings Inc Stock Price, News & Analysis

HilltopSecurities has appointed Creig Veldhuizen as Managing Director in the Debt Capital Markets division in Denver. With over 25 years of experience, Veldhuizen aims to provide tailored financial solutions for clients in real estate and land development. Previously, he worked at Piper Sandler and Terra Causa Capital, focusing on capital markets. Veldhuizen expressed eagerness to enhance HilltopSecurities' investment banking services across Colorado. The firm continues to grow, following its mission of delivering comprehensive municipal finance solutions.

Hilltop Securities announced that Tom Kozlik, head of municipal strategy, was elected to Smith’s Research and Gradings’ 2020 Municipal Analysts All-Star First Team and Third Team in the sellside director of research category. This marks Kozlik's third consecutive year on the first team. He was recognized among over 360 analysts voted on by more than 1,000 institutional investors. HilltopSecurities has expanded its market analysis platform and added key analysts in 2020, enhancing its services in public finance and municipal investment.

Hilltop Securities recently announced the addition of Doug Nelson as a municipal credit analyst in its Fixed Income Capital Markets division in Encino, California. Nelson boasts 30 years of financial services experience, having previously managed investment portfolios at Waddell & Reed and held roles at Janus Capital Group and George K. Baum & Co. His expertise is expected to enhance HilltopSecurities' standing in municipal finance. Nelson holds a BBA from the University of Kansas and a Master of Science in Finance from the University of Colorado, and is a Chartered Financial Analyst (CFA) charterholder.

Hilltop Securities Inc. has welcomed seven new financial advisors to its Private Client Group and independent network, managing approximately $370 million in client assets. This move aims to strengthen HilltopSecurities' wealth management platforms amid economic uncertainties. Key hires include Michael Kane from BBVA Securities and other advisors from notable firms like Wells Fargo and UBS. HilltopSecurities, a subsidiary of Hilltop Holdings (NYSE: HTH), provides comprehensive financial services, focusing on public finance and retail brokerage.

Hilltop Securities recently appointed Ike Papadopoulos as Managing Director in its public finance division, focusing on expanding operations on the East Coast. Papadopoulos brings over 20 years of experience, having previously worked with B.C. Ziegler and Company and TD Securities. His background includes roles in public finance and educational facilities. Hilltop Securities aims to leverage his expertise to enhance its East Coast business presence. The firm is recognized as a premier municipal investment bank, offering tailored solutions to a variety of clients.

Hilltop Holdings Inc. (NYSE: HTH) has announced the completion of its modified "Dutch auction" tender offer, purchasing 8,058,947 shares of common stock at $24.00 per share, totaling approximately $193.4 million. This amount represents about 8.9% of the outstanding shares as of November 17, 2020. The tender offer, which was available until November 13, 2020, aimed to buy up to $350 million in stock. The company may consider future share repurchases depending on market conditions and other factors.

Hilltop Holdings (NYSE: HTH) announced preliminary results of its modified Dutch auction tender offer to purchase up to $350 million of its common stock. The offer price ranged from $21.00 to $24.00 per share and expired on November 13, 2020. Approximately 8,058,947 shares were tendered, with the company expecting to acquire shares at $24.00 each, totaling about $193.4 million. This represents approximately 8.9% of outstanding shares. Hilltop may further repurchase shares based on market conditions and other factors.

Hilltop Holdings Inc. (NYSE: HTH) has amended its modified Dutch auction tender offer to purchase up to $350 million of its common stock. The revised purchase price range is set between $21.00 and $24.00 per share. If fully subscribed, the company will buy 14.58 to 16.67 million shares, representing up to 18.5% of outstanding common stock. The offer's expiration has been extended to November 13, 2020. No minimum shares are required for the offer, and the Federal Reserve has provided non-objection.

Hilltop Holdings reported a strong financial performance for Q3 2020, with net income from continuing operations reaching $152.5 million, or $1.69 per diluted share, up from $74.2 million or $0.81 in Q3 2019. The growth is driven by a 96% increase in mortgage origination net gains, totaling $307.9 million. The company declared a $0.09 dividend per share, payable November 30, 2020. However, ongoing implications from COVID-19 on operations remain a concern. Hilltop's returns on average assets and equity were 3.71% and 25.94%, respectively.