Hilltop Holdings Inc. (NYSE:HTH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday. The firm presently has a $32.00 target price on the stock. Zacks Investment Research’s target price indicates a potential upside of 13.35% from the stock’s current price.
According to Zacks, “Hilltop Holdings’ shares have significantly outperformed the Zacks categorized Banks & Thrifts industry, year to date. Given the strong balance sheet position, the company is expected to grow inorganically over time. Further, PrimeLending business is expected to support the company’s bottom line. Also, the company’s capital deployment activities through share repurchases and initiation of dividend payments are commendable. Nevertheless, the company remains exposed to catastrophic events, high competition and rising expenses.”
Other analysts also recently issued research reports about the stock. FBR & Co raised their price objective on shares of Hilltop Holdings from $20.50 to $24.00 and gave the stock a “hold” rating in a research note on Monday, September 12th. Keefe, Bruyette & Woods downgraded shares of Hilltop Holdings from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $24.00 to $25.00 in a research note on Monday, October 31st. Finally, Compass Point downgraded shares of Hilltop Holdings from a “buy” rating to a “neutral” rating and lifted their price target for the company from $28.00 to $28.50 in a research note on Wednesday, November 23rd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Hilltop Holdings has an average rating of “Hold” and a consensus price target of $27.10.
Hilltop Holdings (NYSE:HTH) traded down 0.07% during mid-day trading on Monday, hitting $28.21. The company had a trading volume of 308,080 shares. Hilltop Holdings has a 1-year low of $14.28 and a 1-year high of $28.37. The company has a 50 day moving average of $25.18 and a 200 day moving average of $22.43. The firm has a market capitalization of $2.78 billion, a PE ratio of 21.24 and a beta of 0.38.
Hilltop Holdings (NYSE:HTH) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Hilltop Holdings had a net margin of 7.68% and a return on equity of 7.35%. During the same period in the prior year, the company earned $0.47 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, November 10th. Hilltop Holdings’s dividend payout ratio (DPR) is 17.91%.
In related news, insider Jerry Schaffner sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $25.00, for a total value of $62,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of HTH. BNP Paribas Arbitrage SA increased its position in shares of 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. SG Americas Securities LLC acquired a new position in shares of Hilltop Holdings during the third quarter worth approximately $206,000. Frontier Investment Mgmt Co. acquired a new position in shares of Hilltop Holdings during the third quarter worth approximately $211,000. Hsbc Holdings PLC acquired a new position in shares of Hilltop Holdings during the second quarter worth approximately $210,000. Finally, KCG Holdings Inc. acquired a new position in shares of Hilltop Holdings during the second quarter worth approximately $211,000. 52.93% of the stock is owned by institutional investors.
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).