Hilltop Holdings’ (NYSE:HTH) Underperform Rating Reiterated at Raymond James Financial, Inc.
Other equities analysts also recently issued reports about the stock. TheStreet raised shares of Hilltop Holdings from a c+ rating to a b rating in a research note on Wednesday, May 3rd. ValuEngine raised shares of Hilltop Holdings from a hold rating to a buy rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Hilltop Holdings from a hold rating to a buy rating and set a $29.00 price target for the company in a research note on Tuesday, July 4th. Stephens set a $31.00 price target on shares of Hilltop Holdings and gave the stock a buy rating in a research note on Monday, June 26th. Finally, Compass Point raised shares of Hilltop Holdings from a neutral rating to a buy rating and set a $30.50 price target for the company in a research note on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $32.08.
Shares of Hilltop Holdings (NYSE:HTH) traded down 0.63% during mid-day trading on Thursday, hitting $25.33. The stock had a trading volume of 597,120 shares. The stock’s 50-day moving average is $25.93 and its 200 day moving average is $26.80. Hilltop Holdings has a 1-year low of $21.04 and a 1-year high of $30.60. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 14.17 and a beta of 1.01.
Hilltop Holdings (NYSE:HTH) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping 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 company had revenue of $460.67 million during the quarter, compared to the consensus estimate of $431.80 million. During the same period in the prior year, the firm earned $0.32 earnings per share. Equities research analysts predict that Hilltop Holdings will post $1.59 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, August 11th. Hilltop Holdings’s dividend payout ratio is 13.41%.
In other Hilltop Holdings news, Director Charles Clifton Robinson bought 20,000 shares of the firm’s stock in a transaction 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 purchase, the director now owns 1,255,024 shares of the company’s stock, valued at $31,337,949.28. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hill A. Feinberg sold 225,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $25.82, for a total transaction of $5,809,500.00. Following the transaction, the insider now directly owns 1,083,878 shares of the company’s stock, valued at approximately $27,985,729.96. The disclosure for this sale can be found here. Insiders have sold 311,525 shares of company stock valued at $8,055,071 in the last ninety days. Insiders own 22.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in HTH. 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 worth $136,824,000 after buying an additional 4,961,778 shares in the last quarter. FMR LLC boosted its stake in Hilltop Holdings by 65.9% in the first quarter. FMR LLC now owns 6,269,474 shares of the financial services provider’s stock worth $172,222,000 after buying an additional 2,491,245 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Hilltop Holdings by 98.5% in the first quarter. Bank of New York Mellon Corp now owns 772,163 shares of the financial services provider’s stock worth $21,211,000 after buying an additional 383,160 shares during the last quarter. State Street Corp boosted its stake in 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 worth $60,393,000 after buying an additional 340,542 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in 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 worth $161,530,000 after buying an additional 249,759 shares during the last quarter. 56.72% of the stock is owned by institutional investors and hedge funds.
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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