Hilltop’s (HTH) “Hold” Rating Reiterated at Stephens

Stephens reaffirmed their hold rating on shares of Hilltop (NYSE:HTH) in a research note published on Thursday, AnalystRatings.com reports. They currently have a $27.00 price target on the financial services provider’s stock.

Several other equities analysts have also commented on the company. Raymond James raised Hilltop from a market perform rating to an outperform rating and set a $26.00 price target on the stock in a research note on Thursday, August 29th. TheStreet raised Hilltop from a c+ rating to a b- rating in a research note on Friday, July 19th. Finally, ValuEngine raised Hilltop from a strong sell rating to a sell rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $23.90.

NYSE HTH traded up $0.29 on Thursday, reaching $25.48. 500,616 shares of the company were exchanged, compared to its average volume of 468,240. The business’s fifty day moving average price is $24.04 and its 200 day moving average price is $22.25. The stock has a market capitalization of $2.33 billion, a P/E ratio of 19.91 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. Hilltop has a fifty-two week low of $16.43 and a fifty-two week high of $25.61.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.33. Hilltop had a return on equity of 10.14% and a net margin of 11.56%. The company had revenue of $454.61 million for the quarter, compared to analyst estimates of $406.30 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. Equities research analysts forecast that Hilltop will post 2.15 earnings per share for the current year.

The company also recently declared a dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, November 14th. Hilltop’s dividend payout ratio is presently 25.00%.

In other Hilltop news, insider Darren E. Parmenter sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $24.00, for a total transaction of $96,000.00. Following the completion of the sale, the insider now directly owns 35,778 shares of the company’s stock, valued at approximately $858,672. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 21.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its stake in Hilltop by 317.9% in the 2nd quarter. SG Americas Securities LLC now owns 120,207 shares of the financial services provider’s stock valued at $2,557,000 after purchasing an additional 91,441 shares in the last quarter. Boston Advisors LLC purchased a new position in Hilltop in the 2nd quarter valued at approximately $972,000. UBS Asset Management Americas Inc. increased its stake in Hilltop by 11.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 76,043 shares of the financial services provider’s stock valued at $1,617,000 after purchasing an additional 7,839 shares in the last quarter. Aperio Group LLC purchased a new position in Hilltop in the 2nd quarter valued at approximately $121,000. Finally, Envestnet Asset Management Inc. increased its stake in Hilltop by 41.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 111,588 shares of the financial services provider’s stock valued at $2,373,000 after purchasing an additional 32,805 shares in the last quarter. 61.89% of the stock is owned by hedge funds and other institutional investors.

Hilltop Company Profile

Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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