Hilltop’s (HTH) Hold Rating Reiterated at Stephens

Stephens reiterated their hold rating on shares of Hilltop (NYSE:HTH) in a research report sent to investors on Thursday morning, AnalystRatings.com reports. The brokerage currently has a $27.00 price target on the financial services provider’s stock.

Several other equities analysts have also commented on the company. Raymond James raised Hilltop from a market perform rating to an outperform rating and set a $26.00 target price for the company in a report on Thursday, August 29th. TheStreet raised Hilltop from a c+ rating to a b- rating in a report on Friday, July 19th. Finally, ValuEngine raised Hilltop from a strong sell rating to a sell rating in a report on Wednesday, October 30th. One 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 stock. The stock presently has an average rating of Buy and an average target price of $23.90.

Shares of NYSE:HTH traded up $0.29 during trading on Thursday, hitting $25.48. 500,616 shares of the company traded hands, compared to its average volume of 468,240. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 19.91 and a beta of 0.82. The business’s fifty day moving average is $24.04 and its 200-day moving average is $22.25. Hilltop has a one year low of $16.43 and a one year high of $25.61. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 0.03.

Hilltop (NYSE:HTH) last posted its earnings results on Thursday, October 31st. The financial services provider reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.33. The company had revenue of $454.61 million during the quarter, compared to analyst estimates of $406.30 million. Hilltop had a return on equity of 10.14% and a net margin of 11.56%. During the same period in the prior year, the company earned $0.38 earnings per share. On average, analysts forecast that Hilltop will post 2.15 EPS for the current year.

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, November 14th. Hilltop’s dividend payout ratio is presently 25.00%.

In other news, insider Darren E. Parmenter sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $24.00, for a total transaction of $96,000.00. Following the completion of the transaction, the insider now directly owns 35,778 shares in the company, valued at $858,672. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 21.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HTH. Nuveen Asset Management LLC acquired a new stake in Hilltop in the second quarter worth approximately $24,214,000. Renaissance Technologies LLC lifted its position in Hilltop by 45.8% in 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. acquired a new stake in Hilltop in the third quarter worth approximately $4,799,000. Citadel Advisors LLC lifted its position in Hilltop by 142.0% in 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 acquired a new stake in Hilltop in the third quarter worth approximately $3,287,000. Institutional investors and hedge funds own 61.89% of the company’s stock.

About Hilltop

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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