Hilltop Holdings Inc. (HTH) Receives $35.83 Consensus Target Price from Analysts
Shares of Hilltop Holdings Inc. (NYSE:HTH) have earned a consensus rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $35.83.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Hilltop from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Raymond James Financial restated an “underperform” rating on shares of Hilltop in a research report on Thursday, August 10th. UBS cut shares of Hilltop from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th. Piper Jaffray Companies restated a “hold” rating and set a $30.00 target price on shares of Hilltop in a research report on Thursday, October 19th. Finally, BidaskClub cut shares of Hilltop from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th.
Hilltop (HTH) traded up $0.07 during mid-day trading on Monday, reaching $24.94. 495,231 shares of the company were exchanged, compared to its average volume of 374,306. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2,390.00, a P/E ratio of 15.84 and a beta of 1.02. Hilltop has a 52-week low of $21.47 and a 52-week high of $30.60.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, November 14th. Hilltop’s payout ratio is currently 15.29%.
A number of institutional investors and hedge funds have recently made changes to their positions in HTH. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hilltop by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,996 shares of the financial services provider’s stock valued at $105,000 after buying an additional 348 shares during the last quarter. Zions Bancorporation acquired a new position in shares of Hilltop in the third quarter valued at approximately $109,000. Victory Capital Management Inc. raised its position in shares of Hilltop by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,638 shares of the financial services provider’s stock valued at $174,000 after buying an additional 994 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Hilltop in the second quarter valued at approximately $241,000. Finally, Principal Financial Group Inc. raised its position in shares of Hilltop by 2.1% in the second quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock valued at $242,000 after buying an additional 186 shares during the last quarter. Institutional investors own 56.47% of the company’s stock.
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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