Hilltop Holdings Inc. (HTH) Downgraded by BidaskClub
BidaskClub downgraded shares of Hilltop Holdings Inc. (NYSE:HTH) from a sell rating to a strong sell rating in a research report released on Saturday.
Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Hilltop Holdings from a hold rating to a strong sell rating in a research note on Tuesday, May 16th. ValuEngine upgraded shares of Hilltop Holdings from a hold rating to a buy rating in a research note on Friday, June 2nd. TheStreet upgraded shares of Hilltop Holdings from a c+ rating to a b rating in a research note on Wednesday, May 3rd. Piper Jaffray Companies lowered shares of Hilltop Holdings from an overweight rating to a neutral rating and set a $30.00 target price on the stock. in a research note on Wednesday, May 10th. Finally, Stephens set a $31.00 target price on shares of Hilltop Holdings and gave the company a buy rating in a research note on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $32.08.
Hilltop Holdings (NYSE:HTH) opened at 25.52 on Friday. The firm has a 50-day moving average of $26.04 and a 200-day moving average of $26.88. Hilltop Holdings has a one year low of $21.04 and a one year high of $30.60. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 14.28 and a beta of 1.01.
Hilltop Holdings (NYSE:HTH) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.20. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. The company had revenue of $460.67 million for the quarter, compared to analyst estimates of $431.80 million. During the same quarter in the prior year, the business posted $0.32 EPS. Analysts anticipate that Hilltop Holdings will post $1.59 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a $0.06 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.94%. Hilltop Holdings’s payout ratio is presently 13.41%.
In other Hilltop Holdings news, CEO Alan B. White sold 79,025 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $26.03, for a total value of $2,057,020.75. Following the completion of the sale, the chief executive officer now directly owns 216,124 shares of the company’s stock, valued at approximately $5,625,707.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Charles Clifton Robinson purchased 20,000 shares of Hilltop Holdings stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $24.97 per share, with a total value of $499,400.00. Following the completion of the acquisition, the director now owns 1,255,024 shares in the company, valued at $31,337,949.28. The disclosure for this purchase can be found here. Company insiders own 22.50% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. FMR LLC increased its stake in shares of Hilltop Holdings by 65.9% in the first quarter. FMR LLC now owns 6,269,474 shares of the financial services provider’s stock worth $172,222,000 after buying an additional 2,491,245 shares during the period. Vanguard Group Inc. increased its stake in shares of Hilltop Holdings by 4.4% in the first quarter. Vanguard Group Inc. now owns 5,880,222 shares of the financial services provider’s stock worth $161,530,000 after buying an additional 249,759 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Hilltop Holdings by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 5,679,539 shares of the financial services provider’s stock worth $156,016,000 after buying an additional 155,403 shares during the period. BlackRock Inc. increased its stake in shares of Hilltop Holdings by 26,007.9% in the first quarter. BlackRock Inc. now owns 4,980,856 shares of the financial services provider’s stock worth $136,824,000 after buying an additional 4,961,778 shares during the period. Finally, State Street Corp increased its stake in shares of Hilltop Holdings by 18.3% in the first quarter. State Street Corp now owns 2,198,523 shares of the financial services provider’s stock worth $60,393,000 after buying an additional 340,542 shares during the period. 56.72% of the stock is owned by hedge funds and other institutional investors.
About Hilltop Holdings
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
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