Hilltop (NYSE:HTH) Stock Bumped Down to Hold by Zacks Research

Hilltop (NYSE:HTH) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks reports. Zacks Research also issued estimates for Hilltop’s Q3 2027 earnings at $0.64 EPS, FY2027 earnings at $2.34 EPS, Q1 2028 earnings at $0.48 EPS, Q2 2028 earnings at $0.59 EPS and Q3 2028 earnings at $0.65 EPS.

HTH has been the subject of several other reports. Raymond James Financial cut Hilltop from a “market perform” rating to an “underperform” rating in a research report on Tuesday. Piper Sandler reaffirmed a “neutral” rating and set a $42.00 target price on shares of Hilltop in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods upped their target price on shares of Hilltop from $40.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings downgraded shares of Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hilltop has an average rating of “Hold” and an average target price of $40.00.

Hilltop Stock Performance

Hilltop stock opened at $36.71 on Wednesday. Hilltop has a 52 week low of $30.78 and a 52 week high of $40.41. The firm has a market capitalization of $2.10 billion, a PE ratio of 13.60 and a beta of 0.89. The business’s 50-day simple moving average is $38.64 and its 200-day simple moving average is $37.98.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.14. The firm had revenue of $315.81 million during the quarter, compared to the consensus estimate of $306.18 million. Hilltop had a return on equity of 7.40% and a net margin of 10.17%.During the same quarter in the prior year, the company earned $0.57 EPS. Research analysts forecast that Hilltop will post 2.55 earnings per share for the current year.

Insider Buying and Selling at Hilltop

In other news, Director Rhodes Bobbitt sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $38.80, for a total transaction of $194,000.00. Following the sale, the director directly owned 25,641 shares in the company, valued at approximately $994,870.80. The trade was a 16.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 52,555 shares of company stock worth $2,087,714. 5.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HTH. BlackRock Inc. bought a new position in shares of Hilltop during the 2nd quarter worth about $256,179,000. State Street Corp increased its stake in Hilltop by 1.0% in the second quarter. State Street Corp now owns 2,546,898 shares of the financial services provider’s stock valued at $98,769,000 after acquiring an additional 24,912 shares during the period. Bridgeway Capital Management LLC increased its stake in Hilltop by 3.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 413,928 shares of the financial services provider’s stock valued at $14,049,000 after acquiring an additional 12,100 shares during the period. Bank of New York Mellon Corp acquired a new position in Hilltop in the second quarter worth about $13,091,000. Finally, Principal Financial Group Inc. raised its position in Hilltop by 39.8% in the first quarter. Principal Financial Group Inc. now owns 286,079 shares of the financial services provider’s stock worth $10,247,000 after purchasing an additional 81,448 shares in the last quarter. 57.13% of the stock is owned by institutional investors.

About Hilltop

Hilltop Holdings Inc is a Dallas, Texas-based financial services holding company that provides banking, mortgage lending and securities services through its subsidiaries. The company primarily serves individuals, businesses, government entities and institutional clients, with operations focused largely on the United States and particularly the Texas market.

PlainsCapital Bank, Hilltop’s banking subsidiary, offers commercial and consumer banking products, including loans, deposit accounts, treasury management and other financial services.