Hilltop (NYSE:HTH)‘s stock had its “hold” rating reiterated by research analysts at Piper Jaffray Companies in a research note issued on Sunday. They presently have a $30.00 target price on the financial services provider’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 14.50% from the stock’s current price.
HTH has been the subject of a number of other reports. Zacks Investment Research lowered shares of Hilltop from a “hold” rating to a “sell” rating in a report on Friday, October 6th. ValuEngine raised shares of Hilltop from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Stephens lowered shares of Hilltop from an “overweight” rating to an “equal weight” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Hilltop presently has a consensus rating of “Hold” and an average target price of $33.50.
Hilltop (HTH) traded down $1.27 during mid-day trading on Friday, hitting $26.20. 231,114 shares of the company were exchanged, compared to its average volume of 398,785. Hilltop has a 1 year low of $21.47 and a 1 year high of $29.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.99. The stock has a market capitalization of $2,636.63, a price-to-earnings ratio of 19.42 and a beta of 1.04.
Hilltop declared that its board has approved a stock repurchase program on Thursday, January 25th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
In other news, Director Gerald J. Ford acquired 10,000 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was bought at an average cost of $25.08 per share, with a total value of $250,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.50% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Zions Bancorporation purchased a new position in Hilltop during the third quarter worth $109,000. Victory Capital Management Inc. boosted its stake in Hilltop by 34.7% during the third quarter. Victory Capital Management Inc. now owns 8,939 shares of the financial services provider’s stock worth $232,000 after buying an additional 2,301 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Hilltop during the second quarter worth $241,000. Principal Financial Group Inc. boosted its stake in Hilltop by 2.1% during the second quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock worth $242,000 after buying an additional 186 shares during the period. Finally, Amalgamated Bank boosted its stake in Hilltop by 0.8% during the second quarter. Amalgamated Bank now owns 9,501 shares of the financial services provider’s stock worth $249,000 after buying an additional 72 shares during the period. 56.54% of the stock is owned by institutional investors.
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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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