Hilltop Holdings Inc. (NYSE:HTH) Receives Average Rating of “Buy” from Brokerages

Hilltop Holdings Inc. (NYSE:HTH) has been given an average recommendation of “Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $23.42.

HTH has been the topic of several recent analyst reports. TheStreet upgraded shares of Hilltop from a “c+” rating to a “b-” rating in a report on Friday, July 19th. Raymond James upgraded shares of Hilltop from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Thursday, August 29th. Finally, Stephens set a $24.00 price objective on shares of Hilltop and gave the company a “hold” rating in a report on Friday, August 23rd.

In other news, insider Darren E. Parmenter sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $24.00, for a total transaction of $96,000.00. Following the transaction, the insider now owns 35,778 shares in the company, valued at $858,672. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 21.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nuveen Asset Management LLC purchased a new stake in Hilltop in the 2nd quarter worth approximately $24,214,000. Castine Capital Management LLC purchased a new stake in Hilltop in the 1st quarter worth approximately $5,931,000. Renaissance Technologies LLC boosted its position in Hilltop by 45.8% in the 2nd quarter. Renaissance Technologies LLC now owns 826,584 shares of the financial services provider’s stock worth $17,581,000 after purchasing an additional 259,600 shares in the last quarter. Citadel Advisors LLC boosted its position in Hilltop by 142.0% in the 2nd quarter. Citadel Advisors LLC now owns 268,730 shares of the financial services provider’s stock worth $5,716,000 after purchasing an additional 157,692 shares in the last quarter. Finally, Comerica Bank boosted its position in Hilltop by 62.7% in the 1st quarter. Comerica Bank now owns 375,145 shares of the financial services provider’s stock worth $7,203,000 after purchasing an additional 144,570 shares in the last quarter. Hedge funds and other institutional investors own 61.51% of the company’s stock.

Hilltop stock traded down $0.05 during trading hours on Friday, reaching $25.15. The stock had a trading volume of 409,634 shares, compared to its average volume of 394,937. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 19.65 and a beta of 0.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.85. The business’s 50 day moving average price is $22.93 and its 200-day moving average price is $20.68. Hilltop has a 52 week low of $16.43 and a 52 week high of $25.35.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.24. The business had revenue of $420.75 million during the quarter, compared to the consensus estimate of $380.83 million. Hilltop had a net margin of 9.56% and a return on equity of 8.02%. During the same period in the previous year, the company posted $0.35 earnings per share. On average, sell-side analysts forecast that Hilltop will post 1.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.27%. Hilltop’s dividend payout ratio (DPR) is currently 25.00%.

Hilltop Company Profile

Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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Analyst Recommendations for Hilltop (NYSE:HTH)

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