Hilltop (NYSE:HTH) Price Target Raised to $39.00 at Keefe, Bruyette & Woods

Hilltop (NYSE:HTH) had its price objective boosted by stock analysts at Keefe, Bruyette & Woods from $34.00 to $39.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 2.60% from the stock’s previous close.

Several other equities analysts have also recently commented on HTH. Stephens increased their target price on Hilltop from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilltop in a report on Thursday, January 22nd. Finally, Zacks Research raised shares of Hilltop from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Hilltop Price Performance

Hilltop stock opened at $38.01 on Tuesday. Hilltop has a 12-month low of $27.35 and a 12-month high of $38.74. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 14.34 and a beta of 0.94. The firm’s fifty day moving average price is $35.11 and its 200 day moving average price is $33.67.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, January 29th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.23. Hilltop had a return on equity of 7.47% and a net margin of 10.19%.The company had revenue of $217.40 million during the quarter, compared to the consensus estimate of $300.15 million. During the same period last year, the firm earned $0.55 earnings per share. Analysts forecast that Hilltop will post 1.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Hilltop

In related news, CAO Keith E. Bornemann sold 2,200 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $35.00, for a total transaction of $77,000.00. Following the completion of the sale, the chief accounting officer owned 8,692 shares of the company’s stock, valued at $304,220. This represents a 20.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 29.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hilltop

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. acquired a new stake in shares of Hilltop during the 2nd quarter worth approximately $27,000. EverSource Wealth Advisors LLC grew its stake in Hilltop by 584.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $33,000 after buying an additional 918 shares during the last quarter. Danske Bank A S acquired a new stake in Hilltop in the third quarter worth $43,000. Smartleaf Asset Management LLC lifted its stake in Hilltop by 42.7% in the third quarter. Smartleaf Asset Management LLC now owns 1,334 shares of the financial services provider’s stock valued at $45,000 after buying an additional 399 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Hilltop by 41.6% in the third quarter. GAMMA Investing LLC now owns 1,983 shares of the financial services provider’s stock valued at $66,000 after buying an additional 583 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.

About Hilltop

Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.