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Hilltop Holdings Inc . (NYSE:HTH), a Dallas-based financial holding company with a market capitalization of $2.01 billion and a solid dividend yield of 2.31%, announced today the completion of a significant transaction involving its portfolio company. According to InvestingPro, the company has maintained an impressive track record of raising dividends for 9 consecutive years. The sale of Moser Acquisition, Inc. to Atlas (NYSE:ATCO) Energy Solutions Inc. was finalized on Monday, marking the closure of a deal that had been previously announced.
Moser Holdings, Inc., a part of Hilltop Opportunity (SO:FTCE11B) Partners LLC, which is under the umbrella of Hilltop Holdings, has successfully divested all the capital stock of Moser Acquisition. This strategic move aligns with Hilltop Holdings’ broader business operations and investment strategy. Atlas Energy Solutions Inc., the acquiring company, has expanded its portfolio through this acquisition.
The financial terms and conditions of the deal have not been disclosed in the press release. The completion of this transaction is likely to have an impact on the financial position of Hilltop Holdings, which currently trades at a P/E ratio of 17.99x and maintains a FAIR overall financial health score according to InvestingPro’s comprehensive analysis. Investors seeking detailed insights can access the full Pro Research Report, which provides in-depth analysis of HTH along with 1,400+ other top US stocks.
Hilltop Holdings, originally known as Affordable Residential Communities Inc., is incorporated in Maryland and has set its fiscal year-end on December 31. The company’s executive offices are located at 6565 Hillcrest Avenue, Dallas, Texas, with a business phone number of 214.855.2177.
This news is based on the latest 8-K filing with the Securities and Exchange Commission by Hilltop Holdings Inc., which ensures regulatory compliance and transparency with its investors and the public. The filing provides verified information without speculation on the potential impacts or future trends within the industry, maintaining a focus on the factual content of this recent corporate development. InvestingPro data shows that 3 analysts have revised their earnings upwards for the upcoming period, suggesting potential positive momentum ahead. The platform offers 7 additional exclusive ProTips for HTH, available to subscribers.
In other recent news, Hilltop Holdings reported impressive financial results for the fourth quarter of 2024, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $0.55, significantly surpassing the forecasted $0.30. Additionally, Hilltop Holdings recorded revenue of $301.07 million, which was higher than the anticipated $289.76 million. These strong earnings were supported by robust performances from the PrimeLending and Hilltop Securities divisions, as well as effective cost management strategies. Analysts from firms such as Raymond (NSE:RYMD) James and Piper Sandler have shown interest in the company’s structured finance revenues and asset sensitivity strategies, reflecting a keen observation of the company’s financial maneuvers. The company also announced plans for a $100 million share repurchase program, indicating a focus on returning value to shareholders. Hilltop Holdings has outlined expectations for moderate bank loan growth in 2025 and anticipates Federal Reserve rate cuts, which could impact future financial performance. These developments highlight the company’s strategic positioning amidst a fluctuating economic environment.
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