Hilltop Holdings Inc. (HTH) Stock Rating Lowered by BidaskClub
BidaskClub cut shares of Hilltop Holdings Inc. (NYSE:HTH) from a hold rating to a sell rating in a research report released on Thursday morning.
Several other brokerages have also weighed in on HTH. Zacks Investment Research raised shares of Hilltop Holdings from a hold rating to a buy rating and set a $29.00 price objective on the stock in a research report on Tuesday, July 4th. Stephens set a $31.00 price objective on shares of Hilltop Holdings and gave the company a buy rating in a research report on Monday, June 26th. ValuEngine raised shares of Hilltop Holdings from a hold rating to a buy rating in a research report on Friday, June 2nd. Piper Jaffray Companies lowered shares of Hilltop Holdings from an overweight rating to a neutral rating and set a $30.00 price objective on the stock. in a research report on Wednesday, May 10th. Finally, TheStreet raised shares of Hilltop Holdings from a c+ rating to a b rating in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $29.08.
Hilltop Holdings (NYSE HTH) traded down 5.35% during midday trading on Thursday, hitting $24.58. 212,516 shares of the stock traded hands. The firm has a market cap of $2.37 billion, a P/E ratio of 13.75 and a beta of 1.03. The company has a 50-day moving average price of $26.13 and a 200-day moving average price of $26.97. Hilltop Holdings has a 1-year low of $21.04 and a 1-year 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 EPS for the quarter, topping the consensus estimate of $0.43 by $0.20. The business had revenue of $460.67 million during the quarter, compared to analysts’ expectations 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 company posted $0.32 earnings per share. Analysts predict that Hilltop Holdings will post $1.64 EPS for the current year.
The firm 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 0.92%. The ex-dividend date of this dividend is Friday, August 11th. Hilltop Holdings’s payout ratio is presently 13.41%.
In other news, CEO Alan B. White sold 79,025 shares of Hilltop Holdings stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $26.03, for a total value of $2,057,020.75. Following the transaction, the chief executive officer now owns 216,124 shares of the company’s stock, valued at $5,625,707.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jerry Schaffner sold 7,500 shares of Hilltop Holdings stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $25.14, for a total transaction of $188,550.00. The disclosure for this sale can be found here. Company insiders own 22.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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 in the last quarter. First Interstate Bank raised its position 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 worth $107,000 after buying an additional 1,300 shares in the last quarter. Founders Capital Management purchased a new position in Hilltop Holdings during the first quarter worth approximately $118,000. Private Advisor Group LLC purchased a new position in Hilltop Holdings during the first quarter worth approximately $287,000. Finally, Victory Capital Management Inc. raised its position in 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 in the last quarter. 55.80% of the stock is currently 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 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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