ValuEngine Upgrades Hilltop (HTH) to Buy

ValuEngine upgraded shares of Hilltop (NYSE:HTH) from a hold rating to a buy rating in a report issued on Friday.

Several other brokerages have also issued reports on HTH. Keefe, Bruyette & Woods reaffirmed a neutral rating on shares of Hilltop in a research note on Tuesday, September 12th. BidaskClub lowered Hilltop from a sell rating to a strong sell rating in a research note on Saturday, August 5th. Piper Jaffray Companies reaffirmed a hold rating and set a $30.00 price target on shares of Hilltop in a research note on Friday, September 1st. Zacks Investment Research lowered Hilltop from a hold rating to a sell rating in a research note on Friday, October 6th. Finally, Stephens raised Hilltop from an equal weight rating to an overweight rating and upped their price target for the company from $31.00 to $47.00 in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Hilltop presently has a consensus rating of Hold and an average target price of $33.30.

Hilltop (HTH) opened at $25.30 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.99. Hilltop has a one year low of $21.47 and a one year high of $30.60. The stock has a market capitalization of $2,392.00, a price-to-earnings ratio of 15.89 and a beta of 1.04.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were issued a $0.06 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.95%. Hilltop’s dividend payout ratio is presently 15.29%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hilltop by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,996 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 348 shares during the last quarter. Zions Bancorporation bought a new stake in Hilltop in the third quarter valued at about $109,000. Victory Capital Management Inc. increased its holdings in Hilltop by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,638 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 994 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Hilltop in the second quarter valued at about $241,000. Finally, Principal Financial Group Inc. increased its holdings in Hilltop by 2.1% in the second quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 56.50% of the company’s stock.

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About Hilltop

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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