Hilltop Holdings’ (HTH) “Hold” Rating Reiterated at Piper Jaffray Companies
Hilltop Holdings Inc. (NYSE:HTH)‘s stock had its “hold” rating reiterated by equities research analysts at Piper Jaffray Companies in a report issued on Friday. They currently have a $30.00 price target on the financial services provider’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 26.74% from the company’s current price.
A number of other analysts have also weighed in on the stock. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Hilltop Holdings in a report on Thursday, August 10th. UBS AG lowered shares of Hilltop Holdings from a “market perform” rating to an “underperform” rating in a report on Thursday, August 10th. Zacks Investment Research lowered shares of Hilltop Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BidaskClub lowered shares of Hilltop Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Stephens raised shares of Hilltop Holdings from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $31.00 to $47.00 in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Hilltop Holdings presently has an average rating of “Hold” and an average price target of $32.08.
Shares of Hilltop Holdings (NYSE HTH) traded up 0.63% on Friday, reaching $23.82. 194,457 shares of the company were exchanged. The stock has a market capitalization of $2.29 billion, a PE ratio of 13.33 and a beta of 1.01. The firm has a 50 day moving average price of $25.38 and a 200-day moving average price of $26.52. Hilltop Holdings has a 12-month low of $21.04 and a 12-month high of $30.60.
Hilltop Holdings (NYSE:HTH) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.20. The business had revenue of $460.67 million for the quarter, compared to analyst estimates of $431.80 million. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. During the same quarter in the prior year, the firm posted $0.32 EPS. On average, analysts predict that Hilltop Holdings will post $1.59 EPS for the current fiscal year.
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In other news, Director J Markham Green sold 4,389 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $25.98, for a total value of $114,026.22. Following the transaction, the director now owns 114,763 shares of the company’s stock, valued at approximately $2,981,542.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles Clifton Robinson purchased 20,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was bought at an average cost of $24.97 per share, for a total transaction of $499,400.00. Following the acquisition, the director now directly owns 1,255,024 shares in the company, valued at $31,337,949.28. The disclosure for this purchase can be found here. 22.60% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hilltop Holdings by 93.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,760 shares during the last quarter. First Interstate Bank raised its position in shares of Hilltop Holdings by 50.1% in the first quarter. First Interstate Bank now owns 3,895 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,300 shares during the last quarter. Founders Capital Management bought a new position in shares of Hilltop Holdings during the first quarter worth approximately $118,000. Private Advisor Group LLC bought a new position in shares of Hilltop Holdings during the first quarter worth approximately $287,000. Finally, Victory Capital Management Inc. raised its position in shares of Hilltop Holdings by 32.9% in the first quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,398 shares during the last quarter. 56.32% of the stock is currently owned by hedge funds and other 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 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).
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