Zacks Investment Research upgraded shares of Hilltop Holdings Inc. (NYSE:HTH) from a hold rating to a buy rating in a report issued on Thursday. They currently have $26.00 price objective on the stock.
According to Zacks, “Hilltop Holdings has been able to grow on the back of recent acquisitions. Also, prudent capital management has strengthened operating and competitive efficiencies. In addition, the company’s balance sheet, free cash flow, capital ratios and investment portfolio are strong and should support long-term growth. Additionally, PlainsCapital Bank’s sturdy fundamentals, PrimeLending’s focus on purchase business and strong National Lloyds bode well for the long term. Nevertheless, Hilltop remains exposed to catastrophic events, volatility in interest rates, high competition and economic volatility. The company's third quarter earnings estimates stand at $0.53 per share which translates into year over year growth of 12%.”
HTH has been the topic of several other reports. Keefe, Bruyette & Woods increased their target price on shares of Hilltop Holdings from $23.00 to $24.00 and gave the stock an outperform rating in a report on Friday, July 29th. FBR & Co increased their target price on shares of Hilltop Holdings from $20.50 to $24.00 and gave the stock a hold rating in a report on Monday, September 12th. Finally, TheStreet lowered shares of Hilltop Holdings from a buy rating to a hold rating in a report on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $25.00.
Hilltop Holdings (NYSE:HTH) traded up 0.78% during trading on Thursday, hitting $23.17. 60,930 shares of the stock traded hands. The company’s 50 day moving average is $22.53 and its 200 day moving average is $21.09. Hilltop Holdings has a one year low of $14.28 and a one year high of $23.68. The company has a market capitalization of $2.28 billion, a P/E ratio of 18.20 and a beta of 0.48.
Hilltop Holdings (NYSE:HTH) last posted its earnings results on Thursday, July 28th. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.06. Hilltop Holdings had a return on equity of 7.20% and a net margin of 7.58%. During the same quarter last year, the business earned $0.30 earnings per share.
In related news, insider Jerry Schaffner sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $22.36, for a total transaction of $111,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 22.60% of the company’s stock.
Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Hilltop Holdings by 77.3% in the first quarter. BlackRock Inc. now owns 5,276 shares of the company’s stock worth $100,000 after buying an additional 2,301 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Hilltop Holdings by 86.0% in the third quarter. BNP Paribas Arbitrage SA now owns 7,163 shares of the company’s stock worth $161,000 after buying an additional 3,312 shares during the period. Hsbc Holdings PLC acquired a new position in Hilltop Holdings during the second quarter worth $210,000. KCG Holdings Inc. acquired a new position in Hilltop Holdings during the second quarter worth $211,000. Finally, Teacher Retirement System of Texas increased its position in Hilltop Holdings by 19.8% in the second quarter. Teacher Retirement System of Texas now owns 10,974 shares of the company’s stock worth $230,000 after buying an additional 1,817 shares during the period. Institutional investors and hedge funds own 53.89% of the company’s stock.
Hilltop Holdings Company Profile
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Corporation (the Bank). It has three operating business units, which include PlainsCapital (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) and National Lloyds Corporation (NLC).