Hilltop Holdings Inc. (NYSE:HTH) Given Consensus Rating of “Buy” by Analysts
Shares of Hilltop Holdings Inc. (NYSE:HTH) have been given a consensus rating of “Buy” by the eight ratings firms that are covering the firm. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $24.80.
A number of research firms have weighed in on HTH. FBR & Co lifted their target price on Hilltop Holdings from $20.50 to $24.00 and gave the company a “hold” rating in a report on Monday, September 12th. Zacks Investment Research raised Hilltop Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. TheStreet lowered Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on Hilltop Holdings from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, July 29th.
Hilltop Holdings (NYSE:HTH) traded down 0.95% on Friday, reaching $22.98. 76,567 shares of the company’s stock traded hands. The firm has a market cap of $2.26 billion, a PE ratio of 18.05 and a beta of 0.48. The firm’s 50-day moving average is $22.38 and its 200 day moving average is $20.95. Hilltop Holdings has a 12 month low of $14.28 and a 12 month high of $23.39.
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Hilltop Holdings (NYSE:HTH) last posted its earnings results on Thursday, July 28th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.06. Hilltop Holdings had a net margin of 7.58% and a return on equity of 7.20%. During the same period in the previous year, the business posted $0.30 EPS.
In other news, insider Jerry Schaffner sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $22.36, for a total value of $111,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 22.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of HTH. BlackRock Advisors LLC increased its position in Hilltop Holdings by 1.9% in the second quarter. BlackRock Advisors LLC now owns 36,602 shares of the company’s stock valued at $768,000 after buying an additional 666 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Hilltop Holdings by 1.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 55,921 shares of the company’s stock valued at $1,174,000 after buying an additional 671 shares during the period. US Bancorp DE increased its stake in shares of Hilltop Holdings by 1.9% in the second quarter. US Bancorp DE now owns 50,245 shares of the company’s stock valued at $1,054,000 after buying an additional 940 shares during the period. Clinton Group Inc. increased its stake in shares of Hilltop Holdings by 5.6% in the second quarter. Clinton Group Inc. now owns 28,742 shares of the company’s stock valued at $603,000 after buying an additional 1,521 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Hilltop Holdings by 19.8% in the second quarter. Teacher Retirement System of Texas now owns 10,974 shares of the company’s stock valued at $230,000 after buying an additional 1,817 shares during the period. 53.89% of the stock is currently owned by hedge funds and other 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 Corporation (the Bank). It has three operating business units, which include PlainsCapital (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) and National Lloyds Corporation (NLC).
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