Hilltop Holdings Inc. (HTH) Receives $35.83 Average Price Target from Analysts
Hilltop Holdings Inc. (NYSE:HTH) has been assigned an average rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $35.83.
Several research analysts have issued reports on HTH shares. Zacks Investment Research downgraded shares of Hilltop from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded shares of Hilltop from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Stephens upgraded shares of Hilltop from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $31.00 to $47.00 in a research note on Thursday, August 3rd. BidaskClub cut shares of Hilltop from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, UBS cut shares of Hilltop from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 10th.
Several hedge funds have recently added to or reduced their stakes in HTH. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hilltop by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,996 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 348 shares during the period. Zions Bancorporation acquired a new stake in shares of Hilltop in the third quarter valued at about $109,000. Victory Capital Management Inc. lifted its stake in shares of Hilltop by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,638 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 994 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Hilltop in the second quarter valued at about $241,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Hilltop by 2.1% in the second quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 186 shares during the period. Institutional investors own 56.47% of the company’s stock.
Shares of Hilltop (HTH) traded down $0.13 during trading on Monday, reaching $24.87. 638,664 shares of the company’s stock traded hands, compared to its average volume of 339,414. Hilltop has a 52 week low of $21.47 and a 52 week high of $30.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.99 and a quick ratio of 0.82. The stock has a market cap of $2,316.23, a P/E ratio of 15.38 and a beta of 1.03.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, November 14th. Hilltop’s dividend payout ratio (DPR) is presently 15.29%.
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Hilltop Company Profile
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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