BidaskClub Lowers Hilltop Holdings Inc. (NYSE:HTH) to Hold
BidaskClub downgraded shares of Hilltop Holdings Inc. (NYSE:HTH) from a buy rating to a hold rating in a research report report published on Wednesday, July 12th.
A number of other equities analysts have also commented on the stock. Zacks Investment Research raised shares of Hilltop Holdings from a hold rating to a buy rating and set a $29.00 price target on the stock in a research report on Tuesday, July 4th. Stephens set a $31.00 price target on shares of Hilltop Holdings and gave the company a buy rating in a research report on Monday, June 26th. ValuEngine raised shares of Hilltop Holdings from a hold rating to a buy rating in a research report on Friday, June 2nd. Piper Jaffray Companies lowered shares of Hilltop Holdings from an overweight rating to a neutral rating and set a $30.00 target price on the stock. in a research report on Wednesday, May 10th. Finally, TheStreet raised shares of Hilltop Holdings from a c+ rating to a b rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Hilltop Holdings presently has a consensus rating of Hold and an average price target of $32.08.
Hilltop Holdings (NYSE HTH) traded up 2.43% during mid-day trading on Wednesday, reaching $26.14. 551,236 shares of the company traded hands. The stock has a 50-day moving average of $25.97 and a 200 day moving average of $26.86. The stock has a market capitalization of $2.52 billion, a PE ratio of 14.63 and a beta of 1.01. Hilltop Holdings has a 52-week low of $21.04 and a 52-week high of $30.60.
Hilltop Holdings (NYSE:HTH) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.20. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. The firm had revenue of $460.67 million during the quarter, compared to analysts’ expectations of $431.80 million. During the same period in the previous year, the company earned $0.32 earnings per share. Equities research analysts expect that Hilltop Holdings will post $1.59 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Friday, August 11th. Hilltop Holdings’s dividend payout ratio (DPR) is presently 13.41%.
In other news, CEO Alan B. White sold 79,025 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $26.03, for a total value of $2,057,020.75. Following the sale, the chief executive officer now owns 216,124 shares in the company, valued at approximately $5,625,707.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jerry Schaffner sold 7,500 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $25.14, for a total transaction of $188,550.00. The disclosure for this sale can be found here. Insiders own 22.50% of the company’s stock.
Several large investors have recently modified their holdings of HTH. FMR LLC increased its position in shares of Hilltop Holdings by 65.9% in the first quarter. FMR LLC now owns 6,269,474 shares of the financial services provider’s stock valued at $172,222,000 after buying an additional 2,491,245 shares during the period. Vanguard Group Inc. increased its position in shares of Hilltop Holdings by 4.4% in the first quarter. Vanguard Group Inc. now owns 5,880,222 shares of the financial services provider’s stock valued at $161,530,000 after buying an additional 249,759 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Hilltop Holdings by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 5,679,539 shares of the financial services provider’s stock valued at $156,016,000 after buying an additional 155,403 shares during the period. BlackRock Inc. increased its position in shares of Hilltop Holdings by 26,007.9% in the first quarter. BlackRock Inc. now owns 4,980,856 shares of the financial services provider’s stock valued at $136,824,000 after buying an additional 4,961,778 shares during the period. Finally, State Street Corp increased its position in shares of Hilltop Holdings by 18.3% in the first quarter. State Street Corp now owns 2,198,523 shares of the financial services provider’s stock valued at $60,393,000 after buying an additional 340,542 shares during the period. Institutional investors own 56.72% of the company’s stock.
About Hilltop Holdings
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
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