Hilltop Holdings Inc. (HTH) Rating Lowered to Hold at Zacks Investment Research
Hilltop Holdings Inc. (NYSE:HTH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Hilltop Holdings’ shares have outperformed the Zacks categorized Southeast Banks industry, year to date. The company is expected to continue witnessing organic growth, driven by improving loan and deposit balances. Further, given its strong balance sheet, the company is well poised to grow through acquisitions. Also, the company’s capital deployment activities through share repurchases and initiation of dividend payments are commendable. Nevertheless, the company remains exposed to catastrophic events and rising expenses. Moreover, margin pressure is likely to continue unless there is improvement in the interest rate scenario.”
Several other analysts have also recently weighed in on the stock. Compass Point cut shares of Hilltop Holdings from a “buy” rating to a “neutral” rating and raised their target price for the company from $28.00 to $28.50 in a report on Wednesday, November 23rd. They noted that the move was a valuation call. Keefe, Bruyette & Woods cut shares of Hilltop Holdings from an “outperform” rating to a “market perform” rating and raised their target price for the company from $24.00 to $25.00 in a report on Monday, October 31st. Finally, FBR & Co raised their target price on shares of Hilltop Holdings from $24.00 to $26.00 and gave the company a “mkt perform” rating in a report on Friday, October 28th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.10.
Shares of Hilltop Holdings (NYSE:HTH) opened at 28.09 on Tuesday. The stock has a 50 day moving average of $25.43 and a 200 day moving average of $22.60. The stock has a market capitalization of $2.77 billion, a P/E ratio of 21.15 and a beta of 0.38. Hilltop Holdings has a 12-month low of $14.28 and a 12-month high of $28.42.
Hilltop Holdings (NYSE:HTH) last issued its earnings results on Friday, October 28th. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Hilltop Holdings had a net margin of 7.68% and a return on equity of 7.35%. During the same period in the previous year, the business earned $0.47 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Tuesday, November 15th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, November 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. Hilltop Holdings’s payout ratio is currently 17.91%.
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In other news, insider Jerry Schaffner sold 5,000 shares of the firm’s stock in a transaction that occurred 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 SEC, which can be accessed through the SEC website. Company insiders own 22.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of 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. Keeley Asset Management Corp raised its position in shares of 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. BlackRock Institutional Trust Company N.A. raised its position in shares of Hilltop Holdings by 1.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,004,431 shares of the company’s stock worth $45,020,000 after buying an additional 34,633 shares during the period. BlackRock Fund Advisors raised its position in shares of Hilltop Holdings by 8.1% in the third quarter. BlackRock Fund Advisors now owns 1,978,192 shares of the company’s stock worth $44,430,000 after buying an additional 148,945 shares during the period. Finally, Stephens Investment Management Group LLC raised its position in shares of Hilltop Holdings by 29.5% in the third quarter. Stephens Investment Management Group LLC now owns 1,624,208 shares of the company’s stock worth $36,480,000 after buying an additional 370,289 shares during the period. Institutional investors and hedge funds own 52.93% of the company’s stock.
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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