Hilltop (NYSE:HTH) Given New $42.00 Price Target at Keefe, Bruyette & Woods

Hilltop (NYSE:HTH) had its target price raised by research analysts at Keefe, Bruyette & Woods from $40.00 to $42.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 5.76% from the company’s current price.

Several other analysts also recently weighed in on HTH. Zacks Research upgraded Hilltop from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, May 4th. Piper Sandler restated a “neutral” rating and issued a $42.00 price target on shares of Hilltop in a report on Tuesday, July 28th. Weiss Ratings downgraded shares of Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen lowered shares of Hilltop from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Hilltop Price Performance

Shares of HTH traded down $0.29 during mid-day trading on Wednesday, reaching $39.71. 55,691 shares of the company’s stock traded hands, compared to its average volume of 336,184. The stock has a market cap of $2.28 billion, a P/E ratio of 14.71 and a beta of 0.89. The stock’s 50-day moving average is $38.37 and its two-hundred day moving average is $37.55. Hilltop has a 12 month low of $30.25 and a 12 month high of $40.41.

Hilltop (NYSE:HTH) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. Hilltop had a return on equity of 7.40% and a net margin of 10.17%.The firm had revenue of $315.81 million during the quarter, compared to analyst estimates of $306.18 million. During the same period last year, the company earned $0.57 EPS. Research analysts predict that Hilltop will post 2.51 earnings per share for the current year.

Insider Activity at Hilltop

In other news, Director Rhodes R. Bobbitt sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $38.00, for a total transaction of $380,000.00. Following the transaction, the director owned 87,016 shares in the company, valued at approximately $3,306,608. This trade represents a 10.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 30,000 shares of company stock worth $1,130,000 in the last 90 days. Company insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HTH. Strategic Wealth Advisors LLC bought a new stake in shares of Hilltop in the 4th quarter valued at about $33,000. EverSource Wealth Advisors LLC lifted its position in shares of Hilltop by 584.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 918 shares during the period. Allworth Financial LP boosted its stake in shares of Hilltop by 37.3% during the fourth quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 313 shares in the last quarter. Danske Bank A S purchased a new position in Hilltop during the third quarter valued at approximately $43,000. Finally, Signaturefd LLC increased its holdings in Hilltop by 276.4% during the second quarter. Signaturefd LLC now owns 1,370 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,006 shares during the period. Hedge funds and other institutional investors own 57.13% of the company’s stock.

About Hilltop

Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.