Hilltop Holdings Inc. (NYSE:HTH) was downgraded by research analysts at UBS AG from a “market perform” rating to an “underperform” rating in a research report issued on Thursday, The Fly reports.

Several other equities analysts have also issued reports on HTH. TheStreet upgraded Hilltop Holdings from a “c+” rating to a “b” rating in a research report on Wednesday, May 3rd. ValuEngine upgraded Hilltop Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Hilltop Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, July 4th. Stephens set a $31.00 target price on Hilltop Holdings and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, Compass Point upgraded Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 target price for the company in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Hilltop Holdings has an average rating of “Hold” and a consensus target price of $32.08.

Shares of Hilltop Holdings (NYSE:HTH) opened at 26.01 on Thursday. The firm’s 50-day moving average is $25.93 and its 200-day moving average is $26.82. Hilltop Holdings has a 1-year low of $21.04 and a 1-year high of $30.60. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 14.56 and a beta of 1.01.

Hilltop Holdings (NYSE:HTH) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.20. The firm had revenue of $460.67 million during the quarter, compared to analyst estimates of $431.80 million. Hilltop Holdings had a return on equity of 9.39% and a net margin of 10.02%. During the same period last year, the company earned $0.32 earnings per share. On average, analysts predict that Hilltop Holdings will post $1.59 earnings per share for the current fiscal year.

WARNING: “Hilltop Holdings Inc. (NYSE:HTH) Rating Lowered to Underperform at UBS AG” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/08/10/hilltop-holdings-inc-nysehth-rating-lowered-to-underperform-at-ubs-ag.html.

In related news, CEO Alan B. White sold 79,025 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $26.03, for a total value of $2,057,020.75. Following the completion of the transaction, the chief executive officer now directly owns 216,124 shares in the company, valued at approximately $5,625,707.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles Clifton Robinson acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $24.97 per share, with a total value of $499,400.00. Following the completion of the transaction, the director now directly owns 1,255,024 shares in the company, valued at approximately $31,337,949.28. The disclosure for this purchase can be found here. Insiders sold a total of 311,525 shares of company stock valued at $8,055,071 over the last quarter. 22.60% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of HTH. FMR LLC raised 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 in the last quarter. Vanguard Group Inc. raised 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 in the last quarter. Dimensional Fund Advisors LP raised 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 in the last quarter. BlackRock Inc. raised 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 in the last quarter. Finally, State Street Corp raised 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 in the last quarter. Institutional investors and hedge funds 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).

The Fly

Receive News & Stock Ratings for Hilltop Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilltop Holdings Inc. and related stocks with our FREE daily email newsletter.