Shares of Hilltop Holdings Inc. (NYSE:HTH) have received a consensus rating of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $25.00.
HTH has been the subject of a number of recent analyst reports. Stephens lowered shares of Hilltop from an “overweight” rating to an “equal weight” rating in a report on Monday, January 29th. Piper Jaffray Companies restated a “hold” rating and issued a $30.00 price objective on shares of Hilltop in a report on Sunday, January 28th. Zacks Investment Research lowered shares of Hilltop from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. ValuEngine upgraded shares of Hilltop from a “hold” rating to a “buy” rating in a report on Monday, April 23rd. Finally, Compass Point lowered shares of Hilltop from a “buy” rating to a “neutral” rating in a report on Monday, May 14th.
In other Hilltop news, insider Hill A. Feinberg sold 50,000 shares of the business’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $22.71, for a total transaction of $1,135,500.00. Following the completion of the sale, the insider now directly owns 881,955 shares in the company, valued at approximately $20,029,198.05. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Alan B. White sold 18,830 shares of the business’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $22.61, for a total transaction of $425,746.30. Following the sale, the chief executive officer now owns 210,157 shares of the company’s stock, valued at $4,751,649.77. The disclosure for this sale can be found here. 22.60% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG raised its stake in Hilltop by 1,254.2% during the 1st quarter. UBS Group AG now owns 6,771 shares of the financial services provider’s stock valued at $159,000 after buying an additional 6,271 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Hilltop during the 1st quarter valued at $161,000. Quantbot Technologies LP bought a new stake in shares of Hilltop during the 1st quarter valued at $182,000. O Shaughnessy Asset Management LLC grew its position in shares of Hilltop by 390.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,512 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 6,777 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Hilltop during the 4th quarter valued at $202,000. Institutional investors and hedge funds own 58.73% of the company’s stock.
Shares of NYSE HTH opened at $23.60 on Monday. Hilltop has a twelve month low of $21.47 and a twelve month high of $28.32. The company has a market capitalization of $2.24 billion, a P/E ratio of 14.33 and a beta of 1.13. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.03.
Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.07). Hilltop had a return on equity of 8.32% and a net margin of 7.67%. The firm had revenue of $338.56 million during the quarter, compared to analysts’ expectations of $364.50 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. sell-side analysts expect that Hilltop will post 1.85 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Tuesday, May 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.19%. Hilltop’s dividend payout ratio is presently 16.87%.
Hilltop announced that its Board of Directors has authorized a share repurchase plan on Thursday, January 25th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.
Hilltop Company Profile
Hilltop Holdings Inc provides banking and financial products and services. Its 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, industrial, and single family residential mortgage loans.
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