Hilltop Holdings Inc. (HTH) Upgraded at Zacks Investment Research
Hilltop Holdings Inc. (NYSE:HTH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm presently has a $26.00 price objective on the stock. Zacks Investment Research’s price objective indicates a potential upside of 11.54% from the stock’s current price.
According to Zacks, “Hilltop Holdings has been able to grow on the back of recent acquisitions. Also, prudent capital management has strengthened operating and competitive efficiencies. In addition, the company’s balance sheet, free cash flow, capital ratios and investment portfolio are strong and should support long-term growth. Additionally, PlainsCapital Bank’s sturdy fundamentals, PrimeLending’s focus on purchase business and strong National Lloyds bode well for the long term. Nevertheless, Hilltop remains exposed to catastrophic events, volatility in interest rates, high competition and economic volatility. The company's third quarter earnings estimates stand at $0.53 per share which translates into year over year growth of 12%.”
Several other equities analysts have also recently commented on HTH. FBR & Co reiterated a “hold” rating and set a $20.50 target price on shares of Hilltop Holdings in a research note on Friday, July 29th. TheStreet cut Hilltop Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, Keefe, Bruyette & Woods increased their target price on Hilltop Holdings from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Hilltop Holdings has a consensus rating of “Buy” and a consensus target price of $25.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/hilltop-holdings-inc-hth-upgraded-at-zacks-investment-research.html
Shares of Hilltop Holdings (NYSE:HTH) traded down 2.19% during trading on Thursday, reaching $22.80. 141,470 shares of the company’s stock traded hands. The company has a 50 day moving average of $22.50 and a 200-day moving average of $21.08. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 17.91 and a beta of 0.48. Hilltop Holdings has a 1-year low of $14.28 and a 1-year high of $23.68.
Hilltop Holdings (NYSE:HTH) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 quarter last year, the company posted $0.30 earnings per share.
In related news, insider Jerry Schaffner sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $22.36, for a total transaction of $111,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 22.60% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Hilltop Holdings by 7.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,118,361 shares of the company’s stock worth $107,433,000 after buying an additional 337,112 shares during the last quarter. Keeley Asset Management Corp boosted its stake in Hilltop Holdings by 628.8% in the second quarter. Keeley Asset Management Corp now owns 2,107,803 shares of the company’s stock worth $44,243,000 after buying an additional 1,818,600 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Hilltop Holdings by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,977,158 shares of the company’s stock worth $37,329,000 after buying an additional 6,231 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Hilltop Holdings by 5.6% in the second quarter. Glenmede Trust Co. NA now owns 1,398,699 shares of the company’s stock worth $29,357,000 after buying an additional 73,841 shares during the last quarter. Finally, Cambiar Investors LLC bought a new stake in Hilltop Holdings during the second quarter worth about $27,034,000. Institutional investors own 53.89% of the company’s stock.
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 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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hilltop Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilltop Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.