Hilltop Holdings Inc. (HTH) Given a $31.00 Price Target at Stephens
Stephens set a $31.00 target price on Hilltop Holdings Inc. (NYSE:HTH) in a research report report published on Friday morning. The firm currently has a buy rating on the financial services provider’s stock.
HTH has been the topic of several other reports. Zacks Investment Research downgraded shares of Hilltop Holdings from a hold rating to a strong sell rating in a research note on Tuesday, May 16th. Piper Jaffray Companies downgraded shares of Hilltop Holdings from an overweight rating to a neutral rating and set a $30.00 price target on the stock. in a research note on Wednesday, May 10th. BidaskClub raised shares of Hilltop Holdings from a sell rating to a hold rating in a research note on Saturday, June 10th. ValuEngine raised shares of Hilltop Holdings from a hold rating to a buy rating in a research note on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $30.00 price target on shares of Hilltop Holdings in a research note on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $29.42.
Hilltop Holdings (HTH) traded up 3.08% during mid-day trading on Friday, hitting $25.80. 72,791 shares of the stock were exchanged. The stock’s 50 day moving average is $26.06 and its 200 day moving average is $26.90. The stock has a market cap of $2.49 billion, a PE ratio of 14.44 and a beta of 1.03. Hilltop Holdings has a 52-week low of $21.04 and a 52-week high of $30.60.
Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.20. The firm had revenue of $460.67 million for the quarter, compared to the consensus estimate of $431.80 million. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. During the same period last year, the firm posted $0.32 earnings per share. Analysts forecast that Hilltop Holdings will post $1.64 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, August 11th. Hilltop Holdings’s payout ratio is currently 13.41%.
In related news, insider Jerry Schaffner sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $25.14, for a total transaction of $188,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alan B. White sold 79,025 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $26.03, for a total transaction of $2,057,020.75. Following the sale, the chief executive officer now owns 216,124 shares of the company’s stock, valued at $5,625,707.72. The disclosure for this sale can be found here. 22.50% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in HTH. Rothschild Asset Management Inc. increased its stake in Hilltop Holdings by 0.3% in the second quarter. Rothschild Asset Management Inc. now owns 79,518 shares of the financial services provider’s stock valued at $2,084,000 after buying an additional 244 shares during the period. Creative Planning increased its stake in Hilltop Holdings by 1.5% in the second quarter. Creative Planning now owns 23,718 shares of the financial services provider’s stock valued at $622,000 after buying an additional 350 shares during the period. Alpha Windward LLC increased its stake in Hilltop Holdings by 5.3% in the second quarter. Alpha Windward LLC now owns 17,880 shares of the financial services provider’s stock valued at $469,000 after buying an additional 900 shares during the period. First Interstate Bank increased its stake in Hilltop Holdings by 50.1% in the first quarter. First Interstate Bank now owns 3,895 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,300 shares during the period. Finally, Victory Capital Management Inc. increased 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 valued at $155,000 after buying an additional 1,398 shares during the last quarter. Hedge funds and other institutional investors own 55.80% 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 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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