Hilltop Holdings Inc. (NYSE:HTH) Stock Has Average Price Target of $42.00 According to Analysts

Hilltop Holdings Inc. (NYSE:HTH) has been given an average recommendation of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $39.00.

Several brokerages have commented on HTH. Raymond James Financial cut shares of Hilltop from a “market perform” rating to an “underperform” rating in a research note on Tuesday, October 6th. Piper Sandler cut their price objective on Hilltop from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods lifted their target price on Hilltop from $40.00 to $42.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th. Weiss Ratings cut Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, November 4th. Finally, Wall Street Zen upgraded Hilltop from a “strong sell” rating to a “sell” rating in a research report on Sunday, November 1st.

Insiders Place Their Bets

In other Hilltop news, Director Rhodes Bobbitt sold 5,000 shares of Hilltop stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $38.80, for a total value of $194,000.00. Following the sale, the director owned 25,641 shares of the company’s stock, valued at $994,870.80. The trade was a 16.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.40% of the stock is owned by corporate insiders.

Institutional Trading of Hilltop

Several hedge funds have recently modified their holdings of the company. Focus Advisor Solutions LLC bought a new stake in Hilltop in the third quarter worth $226,000. Global Retirement Partners LLC purchased a new stake in Hilltop during the third quarter valued at $30,000. King Luther Capital Management Corp raised its stake in Hilltop by 0.9% during the third quarter. King Luther Capital Management Corp now owns 149,392 shares of the financial services provider’s stock valued at $5,626,000 after purchasing an additional 1,394 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Hilltop by 40.2% during the third quarter. Maryland State Retirement & Pension System now owns 8,421 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 2,416 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Hilltop by 4.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 20,216 shares of the financial services provider’s stock valued at $767,000 after purchasing an additional 770 shares during the last quarter. 57.13% of the stock is owned by hedge funds and other institutional investors.

Hilltop Stock Performance

HTH stock opened at $36.57 on Thursday. Hilltop has a one year low of $32.17 and a one year high of $40.41. The company’s fifty day moving average price is $37.57 and its 200-day moving average price is $37.74. The company has a market capitalization of $2.08 billion, a PE ratio of 15.38 and a beta of 0.88.

Hilltop (NYSE:HTH) last issued its earnings results on Thursday, October 22nd. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.20). The company had revenue of $309.51 million for the quarter, compared to the consensus estimate of $320.37 million. Hilltop had a return on equity of 6.51% and a net margin of 9.08%. During the same quarter in the prior year, the company posted $0.74 EPS. On average, research analysts predict that Hilltop will post 2.49 EPS for the current fiscal year.

Hilltop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, November 6th. Hilltop’s dividend payout ratio (DPR) is currently 36.67%.

Hilltop Company Profile

Hilltop Holdings Inc. is a Dallas-based financial holding company with businesses in banking, mortgage lending and securities. Its operations primarily serve customers in Texas and other U.S. markets. Through PlainsCapital Bank, Hilltop provides commercial and consumer banking services, including deposit accounts, loans and treasury management. PrimeLending originates residential mortgages, while HilltopSecurities offers investment banking, municipal finance, brokerage and wealth management services.