Hilltop (NYSE:HTH) Reaches New 12-Month High at $29.79

Hilltop Holdings Inc. (NYSE:HTH) hit a new 52-week high on Tuesday . The company traded as high as $29.79 and last traded at $29.61, with a volume of 2668 shares. The stock had previously closed at $29.24.

Several research firms have recently weighed in on HTH. Raymond James upped their price target on shares of Hilltop from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, January 7th. Truist upped their price objective on Hilltop from $24.00 to $28.00 in a research note on Monday, November 2nd. ValuEngine downgraded shares of Hilltop from a “sell” rating to a “strong sell” rating in a research note on Monday, November 2nd. BidaskClub raised Hilltop from a “hold” rating to a “buy” rating in a research note on Thursday, December 17th. Finally, TheStreet upgraded Hilltop from a “c+” rating to a “b-” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $25.40.

The company has a fifty day moving average of $26.76 and a 200-day moving average of $22.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 0.81. The firm has a market capitalization of $2.61 billion, a PE ratio of 6.83 and a beta of 1.20.

Hilltop (NYSE:HTH) last released its earnings results on Thursday, October 22nd. The financial services provider reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.80. Hilltop had a return on equity of 15.34% and a net margin of 18.09%. The business had revenue of $604.61 million for the quarter, compared to the consensus estimate of $392.15 million. During the same period last year, the business earned $0.86 earnings per share. Equities analysts anticipate that Hilltop Holdings Inc. will post 4.37 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Azora Capital LP increased its holdings in shares of Hilltop by 53.2% during the third quarter. Azora Capital LP now owns 1,348,857 shares of the financial services provider’s stock valued at $27,759,000 after acquiring an additional 468,426 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Hilltop by 134.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 405,494 shares of the financial services provider’s stock valued at $8,345,000 after acquiring an additional 232,639 shares during the last quarter. Aristeia Capital LLC purchased a new position in Hilltop during the 3rd quarter valued at about $4,115,000. Maltese Capital Management LLC purchased a new stake in Hilltop during the third quarter worth approximately $3,823,000. Finally, ExodusPoint Capital Management LP increased its position in Hilltop by 557.4% during the third quarter. ExodusPoint Capital Management LP now owns 201,656 shares of the financial services provider’s stock worth $4,150,000 after buying an additional 170,980 shares during the period. 53.32% of the stock is owned by institutional investors and hedge funds.

Hilltop Company Profile (NYSE:HTH)

Hilltop Holdings Inc provides banking and financial products and services. The company operates through 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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