Hilltop (NYSE:HTH) Receives Hold Rating from Stephens

Stephens reissued their hold rating on shares of Hilltop (NYSE:HTH) in a report issued on Thursday, November 7th, AnalystRatings.com reports. The firm currently has a $27.00 price target on the financial services provider’s stock.

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A number of other equities research analysts have also recently commented on HTH. Raymond James raised shares of Hilltop from a market perform rating to an outperform rating and set a $26.00 target price for the company in a research report on Thursday, August 29th. ValuEngine raised shares of Hilltop from a strong sell rating to a sell rating in a research report on Wednesday, October 30th. Finally, TheStreet raised shares of Hilltop from a c+ rating to a b- rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $23.90.

HTH stock traded down $0.31 during mid-day trading on Thursday, reaching $24.59. The company had a trading volume of 304,766 shares, compared to its average volume of 492,524. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.85. The company has a market capitalization of $2.31 billion, a PE ratio of 11.37 and a beta of 0.82. The firm has a 50 day moving average of $24.10 and a 200 day moving average of $22.40. Hilltop has a 12 month low of $16.43 and a 12 month high of $25.61.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.33. Hilltop had a net margin of 11.56% and a return on equity of 10.14%. The firm had revenue of $454.61 million for the quarter, compared to the consensus estimate of $406.30 million. During the same period last year, the firm earned $0.38 earnings per share. Analysts anticipate that Hilltop will post 2.18 EPS for the current year.

The business also recently announced a dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Hilltop’s dividend payout ratio (DPR) is 25.00%.

In other news, insider Darren E. Parmenter sold 4,000 shares of Hilltop stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $24.00, for a total value of $96,000.00. Following the sale, the insider now owns 35,778 shares in the company, valued at $858,672. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.20% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of HTH. Nuveen Asset Management LLC purchased a new position in shares of Hilltop in the second quarter worth about $24,214,000. Renaissance Technologies LLC raised its stake in Hilltop by 45.8% during the second quarter. Renaissance Technologies LLC now owns 826,584 shares of the financial services provider’s stock worth $17,581,000 after purchasing an additional 259,600 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in Hilltop during the third quarter worth about $4,799,000. Citadel Advisors LLC raised its stake in Hilltop by 142.0% during the second quarter. Citadel Advisors LLC now owns 268,730 shares of the financial services provider’s stock worth $5,716,000 after purchasing an additional 157,692 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new position in Hilltop during the third quarter worth about $3,287,000. 61.73% of the stock is currently owned by hedge funds and other institutional investors.

Hilltop Company Profile

Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The 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 and industrial loans, and term and construction finance.

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