Hilltop Holdings Inc. (NYSE:HTH)‘s stock had its “hold” rating reaffirmed by research analysts at Piper Jaffray Companies in a research report issued to clients and investors on Thursday. They currently have a $30.00 target price on the financial services provider’s stock. Piper Jaffray Companies’ target price points to a potential upside of 15.25% from the stock’s previous close.
A number of other research firms also recently commented on HTH. Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Hilltop Holdings in a research report on Tuesday, September 12th. BidaskClub downgraded shares of Hilltop Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research downgraded shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Compass Point raised shares of Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 target price on the stock in a research report on Tuesday, August 1st. Finally, ValuEngine raised shares of Hilltop Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $32.08.
Hilltop Holdings (NYSE:HTH) opened at 26.03 on Thursday. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 14.57 and a beta of 1.00. Hilltop Holdings has a 12-month low of $21.47 and a 12-month high of $30.60. The firm has a 50-day moving average of $24.99 and a 200 day moving average of $25.83.
Hilltop Holdings (NYSE:HTH) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.20. The firm had revenue of $460.67 million for the quarter, compared to the consensus estimate of $431.80 million. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. During the same period last year, the firm posted $0.32 EPS. On average, analysts predict that Hilltop Holdings will post $1.51 earnings per share for the current fiscal year.
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In related news, insider Hill A. Feinberg sold 225,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $25.82, for a total transaction of $5,809,500.00. Following the completion of the sale, the insider now owns 1,083,878 shares in the company, valued at approximately $27,985,729.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles Clifton Robinson purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average price of $24.97 per share, with a total value of $499,400.00. Following the purchase, the director now owns 1,255,024 shares in the company, valued at $31,337,949.28. The disclosure for this purchase can be found here. 22.60% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Amalgamated Bank lifted its stake in shares of Hilltop Holdings by 0.8% in the 2nd quarter. Amalgamated Bank now owns 9,501 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 72 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Hilltop Holdings by 2.1% in the 2nd quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 186 shares during the period. Rothschild Asset Management Inc. lifted its stake in shares of Hilltop Holdings by 0.3% in the 2nd quarter. Rothschild Asset Management Inc. now owns 79,518 shares of the financial services provider’s stock worth $2,084,000 after acquiring an additional 244 shares during the period. Legal & General Group Plc lifted its stake in shares of Hilltop Holdings by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 26,051 shares of the financial services provider’s stock worth $683,000 after acquiring an additional 317 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hilltop Holdings by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,996 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 348 shares during the period. Hedge funds and other institutional investors own 56.32% of the company’s stock.
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 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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