Hilltop (HTH) Lifted to Buy at ValuEngine

Hilltop (NYSE:HTH) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Other research analysts also recently issued reports about the company. Piper Jaffray Companies reiterated a “hold” rating and set a $30.00 target price on shares of Hilltop in a research report on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Hilltop in a research report on Tuesday, September 12th. Stephens upgraded Hilltop from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $31.00 to $47.00 in a research report on Thursday, August 3rd. Zacks Investment Research downgraded Hilltop from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Finally, BidaskClub downgraded Hilltop from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $33.30.

Hilltop (HTH) traded up $0.07 during midday trading on Friday, hitting $24.94. The stock had a trading volume of 495,231 shares, compared to its average volume of 351,922. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.04. The company has a market cap of $2,392.00, a P/E ratio of 15.89 and a beta of 1.04. Hilltop has a 52-week low of $21.47 and a 52-week high of $30.60.

A number of large investors have recently added to or reduced their stakes in HTH. Renaissance Technologies LLC purchased a new stake in Hilltop during the 1st quarter valued at $1,769,000. Russell Investments Group Ltd. raised its holdings in Hilltop by 34.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 35,194 shares of the financial services provider’s stock valued at $923,000 after buying an additional 9,045 shares during the period. Rothschild Asset Management Inc. raised its holdings in Hilltop by 0.3% during the 2nd quarter. Rothschild Asset Management Inc. now owns 79,518 shares of the financial services provider’s stock valued at $2,084,000 after buying an additional 244 shares during the period. Trexquant Investment LP purchased a new stake in Hilltop during the 2nd quarter valued at $485,000. Finally, First Trust Advisors LP raised its holdings in Hilltop by 330.5% during the 2nd quarter. First Trust Advisors LP now owns 74,466 shares of the financial services provider’s stock valued at $1,952,000 after buying an additional 57,170 shares during the period. Institutional investors own 56.47% of the company’s stock.

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About Hilltop

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 (NYSE:HTH)

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