Hilltop Holdings Inc. (HTH) Receives $21.90 Consensus Target Price from Brokerages

Shares of Hilltop Holdings Inc. (NYSE:HTH) have earned an average rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $21.90.

HTH has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Hilltop from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Stephens reiterated a “hold” rating and issued a $19.00 price target on shares of Hilltop in a research note on Friday, January 25th. Compass Point reiterated a “buy” rating and issued a $21.50 price target (down from $25.00) on shares of Hilltop in a research note on Monday, January 28th. ValuEngine cut Hilltop from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Finally, Piper Jaffray Companies upgraded Hilltop from a “neutral” rating to an “overweight” rating and set a $21.00 price objective for the company in a research note on Thursday, March 28th.

Hilltop stock opened at $20.83 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.98 and a quick ratio of 0.88. Hilltop has a one year low of $16.43 and a one year high of $24.09. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 16.27 and a beta of 0.89.

Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.15. Hilltop had a return on equity of 6.90% and a net margin of 8.30%. The company had revenue of $361.40 million during the quarter, compared to analysts’ expectations of $335.96 million. During the same period last year, the business posted $0.25 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts predict that Hilltop will post 1.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, May 14th. Hilltop’s payout ratio is 25.00%.

In other news, CEO Alan B. White sold 69,029 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $19.36, for a total value of $1,336,401.44. Following the completion of the transaction, the chief executive officer now directly owns 214,150 shares in the company, valued at $4,145,944. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Alan B. White sold 8,657 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $19.40, for a total value of $167,945.80. Following the completion of the transaction, the chief executive officer now owns 214,150 shares of the company’s stock, valued at $4,154,510. The disclosure for this sale can be found here. Company insiders own 22.30% of the company’s stock.

Large investors have recently made changes to their positions in the company. Quantamental Technologies LLC purchased a new position in shares of Hilltop in the fourth quarter worth about $35,000. Meeder Asset Management Inc. purchased a new position in Hilltop during the fourth quarter valued at approximately $95,000. SG Americas Securities LLC purchased a new position in Hilltop during the fourth quarter valued at approximately $178,000. Great West Life Assurance Co. Can raised its position in Hilltop by 34.5% during the first quarter. Great West Life Assurance Co. Can now owns 11,030 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 2,829 shares in the last quarter. Finally, HAP Trading LLC purchased a new position in Hilltop during the fourth quarter valued at approximately $206,000. Hedge funds and other institutional investors own 60.88% of the company’s stock.

About Hilltop

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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Analyst Recommendations for Hilltop (NYSE:HTH)

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