Hilltop Holdings Inc. (NYSE:HTH) Stock Has Consensus Price Target of $40.00 According to Analysts

Hilltop Holdings Inc. (NYSE:HTH) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $40.00.

Several research analysts have commented on the stock. Weiss Ratings cut shares of Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, October 6th. Piper Sandler reiterated a “neutral” rating and set a $42.00 price objective on shares of Hilltop in a research report on Tuesday, July 28th. Raymond James Financial cut Hilltop from a “market perform” rating to an “underperform” rating in a research report on Tuesday, October 6th. Zacks Research lowered Hilltop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 7th. Finally, Keefe, Bruyette & Woods boosted their price target on Hilltop from $40.00 to $42.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th.

Hilltop Stock Performance

Hilltop stock opened at $36.82 on Friday. The company has a 50-day simple moving average of $38.27 and a 200-day simple moving average of $38.01. The firm has a market capitalization of $2.11 billion, a P/E ratio of 13.64 and a beta of 0.89. Hilltop has a one year low of $31.02 and a one year high of $40.41.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. The business had revenue of $315.81 million for the quarter, compared to analysts’ expectations of $306.18 million. Hilltop had a net margin of 10.17% and a return on equity of 7.40%. During the same quarter last year, the company earned $0.57 EPS. As a group, sell-side analysts forecast that Hilltop will post 2.55 earnings per share for the current year.

Hilltop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a dividend of $0.22 per share. This is an increase from Hilltop’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, August 7th. Hilltop’s dividend payout ratio (DPR) is presently 32.59%.

Insider Buying and Selling at Hilltop

In related news, Director Rhodes Bobbitt sold 5,000 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $38.80, for a total value of $194,000.00. Following the completion of the sale, the director owned 25,641 shares of the company’s stock, valued at $994,870.80. This represents a 16.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 52,555 shares of company stock worth $2,087,714 in the last quarter. 5.40% of the stock is owned by insiders.

Institutional Trading of Hilltop

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Hilltop in the second quarter valued at approximately $256,179,000. State Street Corp increased its stake in shares of Hilltop by 1.0% during the second quarter. State Street Corp now owns 2,546,898 shares of the financial services provider’s stock valued at $98,769,000 after acquiring an additional 24,912 shares during the period. Bridgeway Capital Management LLC raised its holdings in Hilltop by 3.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 413,928 shares of the financial services provider’s stock worth $14,049,000 after purchasing an additional 12,100 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Hilltop during the second quarter worth approximately $13,091,000. Finally, Empowered Funds LLC bought a new stake in Hilltop during the second quarter worth approximately $10,357,000. 57.13% of the stock is currently owned by institutional investors.

Hilltop Company Profile

Hilltop Holdings Inc is a Dallas, Texas-based financial services holding company that provides banking, mortgage lending and securities services through its subsidiaries. The company primarily serves individuals, businesses, government entities and institutional clients, with operations focused largely on the United States and particularly the Texas market.

PlainsCapital Bank, Hilltop’s banking subsidiary, offers commercial and consumer banking products, including loans, deposit accounts, treasury management and other financial services.