Hilltop Holdings Inc. (HTH) Receives Average Recommendation of “Hold” from Brokerages
Shares of Hilltop Holdings Inc. (NYSE:HTH) have earned an average rating of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $34.38.
A number of research analysts recently weighed in on HTH shares. ValuEngine raised Hilltop from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised Hilltop from a “sell” rating to a “hold” rating and set a $30.00 price objective for the company in a research report on Wednesday, January 10th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $30.00 price objective on shares of Hilltop in a research report on Thursday, October 19th.
Hilltop (NYSE:HTH) traded up $0.01 during mid-day trading on Tuesday, reaching $26.43. The company had a trading volume of 484,700 shares, compared to its average volume of 486,300. Hilltop has a one year low of $21.47 and a one year high of $29.54. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. The company has a market cap of $2,530.00, a price-to-earnings ratio of 16.83 and a beta of 1.04.
In other Hilltop news, Director Gerald J. Ford bought 10,000 shares of Hilltop stock in a transaction on Friday, December 22nd. The stock was acquired at an average price of $25.08 per share, with a total value of $250,800.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. 22.50% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its stake in shares of Hilltop by 122.5% in the 3rd quarter. GSA Capital Partners LLP now owns 45,871 shares of the financial services provider’s stock worth $1,193,000 after buying an additional 25,258 shares during the last quarter. Zions Bancorporation purchased a new position in shares of Hilltop in the 3rd quarter worth $109,000. Maltese Capital Management LLC purchased a new position in shares of Hilltop in the 3rd quarter worth $2,990,000. NWQ Investment Management Company LLC boosted its stake in shares of Hilltop by 8.9% in the 3rd quarter. NWQ Investment Management Company LLC now owns 843,808 shares of the financial services provider’s stock worth $21,939,000 after buying an additional 68,955 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in shares of Hilltop in the 3rd quarter worth $28,694,000. Hedge funds and other institutional investors own 56.50% of the company’s stock.
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Hilltop 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 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).
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