Cambiar Investors LLC lessened its holdings in Hilltop Holdings Inc. (NYSE:HTH) by 20.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,202 shares of the financial services provider’s stock after selling 25,811 shares during the period. Cambiar Investors LLC owned about 0.11% of Hilltop worth $2,394,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Hilltop by 0.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 160,725 shares of the financial services provider’s stock valued at $3,419,000 after acquiring an additional 524 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Hilltop by 87.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,404 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 653 shares during the period. NumerixS Investment Technologies Inc purchased a new position in shares of Hilltop in the 2nd quarter valued at $26,000. Swiss National Bank raised its stake in shares of Hilltop by 1.0% in the 2nd quarter. Swiss National Bank now owns 139,300 shares of the financial services provider’s stock valued at $2,963,000 after acquiring an additional 1,400 shares during the period. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Hilltop in the 2nd quarter valued at $40,000. 61.49% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Darren E. Parmenter sold 4,000 shares of Hilltop stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $24.00, for a total transaction of $96,000.00. Following the sale, the insider now owns 35,778 shares of the company’s stock, valued at approximately $858,672. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 21.20% of the company’s stock.
A number of equities analysts have recently commented on HTH shares. Stephens set a $24.00 target price on shares of Hilltop and gave the company a “hold” rating in a research note on Friday, August 23rd. TheStreet raised shares of Hilltop from a “c+” rating to a “b-” rating in a research note on Friday, July 19th. Raymond James raised shares of Hilltop from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Thursday, August 29th. Finally, ValuEngine downgraded shares of Hilltop from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.42.
Hilltop stock opened at $23.70 on Friday. Hilltop Holdings Inc. has a 12-month low of $16.43 and a 12-month high of $25.60. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 18.52 and a beta of 0.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.85. The firm’s fifty day moving average price is $24.04 and its 200 day moving average price is $21.74.
Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.24. Hilltop had a net margin of 9.56% and a return on equity of 8.02%. The firm had revenue of $420.75 million for the quarter, compared to the consensus estimate of $380.83 million. During the same quarter in the previous year, the firm posted $0.35 EPS. Analysts forecast that Hilltop Holdings Inc. will post 1.93 earnings per share for the current fiscal year.
Hilltop Company Profile
Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.
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