ValuEngine Upgrades Hilltop Holdings Inc. (NYSE:HTH) to “Buy”

Hilltop Holdings Inc. (NYSE:HTH) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, August 2nd.

Several other brokerages have also recently issued reports on HTH. TheStreet upgraded shares of Hilltop Holdings from a “c+” rating to a “b” rating in a research report on Wednesday, May 3rd. Piper Jaffray Companies cut shares of Hilltop Holdings from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Wednesday, May 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price target on shares of Hilltop Holdings in a research report on Wednesday, April 5th. Zacks Investment Research cut shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a research report on Monday, April 10th. Finally, BidaskClub upgraded shares of Hilltop Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Hilltop Holdings presently has a consensus rating of “Hold” and an average target price of $32.08.

Shares of Hilltop Holdings (NYSE HTH) traded down 0.63% during mid-day trading on Wednesday, hitting $25.33. 597,120 shares of the company were exchanged. The firm has a market capitalization of $2.44 billion, a P/E ratio of 14.17 and a beta of 1.01. The company’s 50-day moving average price is $25.93 and its 200-day moving average price is $26.80. Hilltop Holdings has a 12-month low of $21.04 and a 12-month high of $30.60.

Hilltop Holdings (NYSE:HTH) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.20. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. The firm had revenue of $460.67 million during the quarter, compared to analysts’ expectations of $431.80 million. During the same period in the prior year, the company posted $0.32 EPS. Equities research analysts predict that Hilltop Holdings will post $1.59 earnings per share for the current fiscal year.

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In related news, insider Hill A. Feinberg sold 225,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $25.82, for a total transaction of $5,809,500.00. Following the transaction, the insider now directly owns 1,083,878 shares of the company’s stock, valued at $27,985,729.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jerry Schaffner sold 7,500 shares of the stock in a transaction on Thursday, June 1st. The stock was 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. Over the last quarter, insiders have sold 311,525 shares of company stock valued at $8,055,071. 22.60% of the stock is currently owned by corporate insiders.

A number of hedge funds and other 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 valued at $100,000 after buying an additional 1,760 shares in 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 valued at $107,000 after buying an additional 1,300 shares in the last quarter. Founders Capital Management bought a new position in shares of Hilltop Holdings during the first quarter valued at about $118,000. 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 valued at $155,000 after buying an additional 1,398 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Hilltop Holdings during the first quarter valued at about $178,000. 56.72% of the stock is currently owned by institutional investors and hedge funds.

About Hilltop Holdings

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Hilltop Holdings (NYSE:HTH)

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