Hilltop Holdings Inc. (HTH) Receives $25.60 Average PT from Analysts
Hilltop Holdings Inc. (NYSE:HTH) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the company. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $25.50.
Several research firms have commented on HTH. Zacks Investment Research lowered Hilltop Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods lowered Hilltop Holdings from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $24.00 to $25.00 in a research report on Monday, October 31st. FBR & Co upped their price objective on Hilltop Holdings from $24.00 to $26.00 and gave the stock a “mkt perform” rating in a research report on Friday, October 28th. Finally, TheStreet lowered Hilltop Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th.
In related news, insider Jerry Schaffner sold 5,000 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $22.36, for a total value of $111,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 22.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of HTH. BlackRock Inc. increased its position in Hilltop Holdings by 77.3% in the first quarter. BlackRock Inc. now owns 5,276 shares of the company’s stock valued at $100,000 after buying an additional 2,301 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Hilltop Holdings by 86.0% in the third quarter. BNP Paribas Arbitrage SA now owns 7,163 shares of the company’s stock valued at $161,000 after buying an additional 3,312 shares in the last quarter. SG Americas Securities LLC purchased a new position in Hilltop Holdings during the third quarter valued at approximately $206,000. Hsbc Holdings PLC purchased a new position in Hilltop Holdings during the second quarter valued at approximately $210,000. Finally, KCG Holdings Inc. purchased a new position in Hilltop Holdings during the second quarter valued at approximately $211,000. 53.75% of the stock is owned by hedge funds and other institutional investors.
Hilltop Holdings (NYSE:HTH) opened at 27.50 on Friday. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 20.71 and a beta of 0.38. Hilltop Holdings has a 12-month low of $14.28 and a 12-month high of $27.76. The company has a 50 day moving average of $24.07 and a 200-day moving average of $22.02.
Hilltop Holdings (NYSE:HTH) last released its quarterly earnings data on Friday, October 28th. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Hilltop Holdings had a return on equity of 7.35% and a net margin of 7.68%. During the same period last year, the firm posted $0.47 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, November 10th. Hilltop Holdings’s payout ratio is 17.91%.
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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