Hilltop Holdings Inc. (NYSE:HTH) has received a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $23.42.
A number of equities analysts have recently weighed in on the company. Raymond James upgraded Hilltop from a “market perform” rating to an “outperform” rating and set a $26.00 price target for the company in a report on Thursday, August 29th. TheStreet upgraded Hilltop from a “c+” rating to a “b-” rating in a report on Friday, July 19th. Finally, Stephens set a $24.00 target price on Hilltop and gave the company a “hold” rating in a report on Friday, August 23rd.
Shares of HTH traded down $0.05 during midday trading on Friday, reaching $25.15. The company had a trading volume of 409,634 shares, compared to its average volume of 394,937. Hilltop has a 1-year low of $16.43 and a 1-year high of $25.35. The stock has a market cap of $2.27 billion, a PE ratio of 19.65 and a beta of 0.86. The firm has a 50 day simple moving average of $22.93 and a 200-day simple moving average of $20.68. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 0.03.
Hilltop (NYSE:HTH) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.24. The business had revenue of $420.75 million during the quarter, compared to analysts’ expectations of $380.83 million. Hilltop had a return on equity of 8.02% and a net margin of 9.56%. During the same period in the prior year, the business posted $0.35 EPS. As a group, sell-side analysts anticipate that Hilltop will post 1.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Wednesday, August 14th. Hilltop’s dividend payout ratio (DPR) is 25.00%.
In other news, insider Darren E. Parmenter sold 4,000 shares of Hilltop stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $24.00, for a total value of $96,000.00. Following the completion of the transaction, the insider now owns 35,778 shares in the company, valued at approximately $858,672. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 21.20% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. NumerixS Investment Technologies Inc purchased a new position in shares of Hilltop in the 2nd quarter valued at about $26,000. TCG Advisors LP purchased a new position in shares of Hilltop in the 1st quarter valued at about $29,000. Public Employees Retirement System of Ohio boosted 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 buying an additional 653 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in shares of Hilltop in the 2nd quarter valued at about $40,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Hilltop in the 2nd quarter valued at about $54,000. Institutional investors and hedge funds own 61.51% of the company’s stock.
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.
Further Reading: What Does a Sell-Side Analyst Rating Mean?
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