Hilltop Holdings Inc. (NYSE:HTH) Receives $24.80 Average Price Target from Analysts
Hilltop Holdings Inc. (NYSE:HTH) has received a consensus rating of “Buy” from the eight analysts that are currently covering the company. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $24.80.
A number of research firms have weighed in on HTH. FBR & Co boosted their price objective on shares of Hilltop Holdings from $20.50 to $24.00 and gave the company a “hold” rating in a research report on Monday, September 12th. Zacks Investment Research upgraded shares of Hilltop Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. TheStreet cut shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Hilltop Holdings from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, July 29th.
In other news, insider Jerry Schaffner sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $22.36, for a total transaction of $111,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 22.60% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Keeley Asset Management Corp raised its stake in Hilltop Holdings by 628.8% in the second quarter. Keeley Asset Management Corp now owns 2,107,803 shares of the company’s stock worth $44,243,000 after buying an additional 1,818,600 shares during the period. Cambiar Investors LLC acquired a new stake in Hilltop Holdings during the second quarter worth $27,034,000. United Services Automobile Association acquired a new stake in Hilltop Holdings during the second quarter worth $10,243,000. Hillcrest Asset Management LLC acquired a new stake in Hilltop Holdings during the first quarter worth $6,490,000. Finally, Dimensional Fund Advisors LP raised its stake in Hilltop Holdings by 7.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,118,361 shares of the company’s stock worth $107,433,000 after buying an additional 337,112 shares during the period. 53.89% of the stock is owned by hedge funds and other institutional investors.
Hilltop Holdings (NYSE:HTH) opened at 23.08 on Friday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 18.13 and a beta of 0.48. The company has a 50 day moving average of $22.40 and a 200 day moving average of $20.98. Hilltop Holdings has a 52 week low of $14.28 and a 52 week high of $23.39.
Hilltop Holdings (NYSE:HTH) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.06. Hilltop Holdings had a return on equity of 7.20% and a net margin of 7.58%. During the same quarter in the prior year, the firm posted $0.30 earnings per share.
Hilltop Holdings Company Profile
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Corporation (the Bank). It has three operating business units, which include PlainsCapital (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) and National Lloyds Corporation (NLC).
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