Hilltop (HTH) Reaches New 52-Week Low at $19.74
Hilltop Holdings Inc. (NYSE:HTH)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $19.74 and last traded at $19.83, with a volume of 10952 shares traded. The stock had previously closed at $19.99.
A number of equities analysts recently issued reports on HTH shares. ValuEngine cut shares of Hilltop from a “hold” rating to a “sell” rating in a research note on Friday, June 15th. Zacks Investment Research upgraded shares of Hilltop from a “strong sell” rating to a “hold” rating in a research note on Monday, July 2nd. Finally, Compass Point raised Hilltop from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $27.50.
The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 0.82. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 11.60 and a beta of 0.96.
In other Hilltop news, insider Keith E. Bornemann sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $20.68, for a total value of $31,020.00. Following the completion of the transaction, the insider now owns 8,270 shares of the company’s stock, valued at approximately $171,023.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. 22.30% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. purchased a new position in Hilltop in the 2nd quarter worth about $588,000. Carillon Tower Advisers Inc. raised its position in Hilltop by 6.8% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 131,459 shares of the financial services provider’s stock worth $2,901,000 after buying an additional 8,384 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Hilltop by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 375,586 shares of the financial services provider’s stock worth $8,290,000 after buying an additional 10,836 shares during the last quarter. SG Americas Securities LLC raised its position in Hilltop by 44.8% in the 2nd quarter. SG Americas Securities LLC now owns 9,928 shares of the financial services provider’s stock worth $219,000 after buying an additional 3,071 shares during the last quarter. Finally, Royce & Associates LP raised its position in Hilltop by 23.3% in the 2nd quarter. Royce & Associates LP now owns 706,022 shares of the financial services provider’s stock worth $15,582,000 after buying an additional 133,475 shares during the last quarter. 59.37% 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. Its 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, industrial, and single family residential mortgage loans.
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