ValuEngine Upgrades Hilltop Holdings Inc. (HTH) to “Buy”

Hilltop Holdings Inc. (NYSE:HTH) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday, August 2nd.

Other research analysts have also issued reports about the stock. TheStreet raised shares of Hilltop Holdings from a “c+” rating to a “b” rating in a research note on Wednesday, May 3rd. Stephens set a $31.00 target price on shares of Hilltop Holdings and gave the stock a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Hilltop Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, July 4th. Compass Point raised shares of Hilltop Holdings from a “neutral” rating to a “buy” rating and set a $30.50 target price on the stock in a research note on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Hilltop Holdings in a research note on Wednesday, April 5th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $32.08.

Hilltop Holdings (HTH) traded down 0.63% during midday trading on Wednesday, reaching $25.33. 597,120 shares of the company traded hands. The company has a 50 day moving average of $25.93 and a 200-day moving average of $26.80. Hilltop Holdings has a 12-month low of $21.04 and a 12-month high of $30.60. The stock has a market capitalization of $2.44 billion, a P/E ratio of 14.17 and a beta of 1.01.

Hilltop Holdings (NYSE:HTH) last issued its earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.20. The business had revenue of $460.67 million for the quarter, compared to analyst estimates of $431.80 million. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. During the same period in the prior year, the firm earned $0.32 earnings per share. Equities analysts anticipate that Hilltop Holdings will post $1.59 EPS for the current fiscal year.

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In related news, insider Jerry Schaffner sold 7,500 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $25.14, for a total transaction of $188,550.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Hill A. Feinberg sold 225,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $25.82, for a total transaction of $5,809,500.00. Following the transaction, the insider now directly owns 1,083,878 shares in the company, valued at $27,985,729.96. The disclosure for this sale can be found here. Insiders sold 311,525 shares of company stock worth $8,055,071 over the last ninety days. Insiders own 22.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HTH. FMR LLC raised its position in Hilltop Holdings by 0.6% in the second quarter. FMR LLC now owns 6,304,653 shares of the financial services provider’s stock worth $165,245,000 after buying an additional 35,179 shares during the last quarter. Vanguard Group Inc. raised its position in Hilltop Holdings by 0.5% in the second quarter. Vanguard Group Inc. now owns 5,909,111 shares of the financial services provider’s stock worth $154,877,000 after buying an additional 28,889 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 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 last quarter. BlackRock Inc. raised its position in 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 last quarter. Finally, State Street Corp raised its position in 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 last quarter. 56.72% of the stock is currently owned by 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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Hilltop Holdings (NYSE:HTH)

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