Hilltop Holdings Inc. (NYSE:HTH) Stock Has Consensus Price Target of $42.00 According to Analysts

Shares of Hilltop Holdings Inc. (NYSE:HTH) have been given a consensus rating of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $42.00.

A number of brokerages have recently weighed in on HTH. Weiss Ratings downgraded Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, November 4th. Keefe, Bruyette & Woods raised their price objective on Hilltop from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 5th. Zacks Research cut Hilltop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 7th. Raymond James Financial downgraded shares of Hilltop from a “market perform” rating to an “underperform” rating in a report on Tuesday, October 6th. Finally, Piper Sandler reiterated a “neutral” rating and set a $42.00 target price on shares of Hilltop in a research note on Tuesday, July 28th.

Insider Activity at Hilltop

In related news, Director Rhodes Bobbitt sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $39.50, for a total transaction of $395,000.00. Following the completion of the sale, the director owned 45,641 shares of the company’s stock, valued at $1,802,819.50. This represents a 17.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 20,000 shares of company stock valued at $783,000. Insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Hilltop

Several large investors have recently added to or reduced their stakes in HTH. Strategic Wealth Advisors LLC bought a new position in shares of Hilltop during the second quarter worth about $33,000. Signaturefd LLC lifted its position in Hilltop by 276.4% in the 2nd quarter. Signaturefd LLC now owns 1,370 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,006 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Hilltop during the 2nd quarter valued at about $62,000. Allworth Financial LP acquired a new position in Hilltop during the 2nd quarter valued at about $65,000. Finally, Nisa Investment Advisors LLC grew its position in Hilltop by 36.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,127 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 570 shares during the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.

Hilltop Stock Performance

Shares of HTH stock opened at $37.06 on Thursday. Hilltop has a one year low of $32.17 and a one year high of $40.41. The company’s 50-day simple moving average is $37.62 and its 200-day simple moving average is $37.73. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 15.70 and a beta of 0.88.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.20). Hilltop had a net margin of 9.08% and a return on equity of 6.51%. The firm had revenue of $309.51 million during the quarter, compared to the consensus estimate of $320.37 million. During the same period in the prior year, the firm earned $0.74 earnings per share. As a group, research analysts forecast that Hilltop will post 2.49 EPS for the current year.

Hilltop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 6th. Hilltop’s dividend payout ratio (DPR) is presently 36.67%.

Hilltop Company Profile

Hilltop Holdings Inc is a Dallas-based financial holding company with businesses in banking, mortgage lending and securities. Its operations primarily serve customers in Texas and other U.S. markets.

Through PlainsCapital Bank, Hilltop provides commercial and consumer banking services, including deposit accounts, loans and treasury management. PrimeLending originates residential mortgages, while HilltopSecurities offers investment banking, municipal finance, brokerage and wealth management services.

Hilltop expanded its financial services operations with its 2012 acquisition of PlainsCapital Corporation, which included PlainsCapital Bank and PrimeLending.