Hilltop (NYSE:HTH) Stock Moved Up to Sell by Wall Street Zen

Key Points

• Wall Street Zen upgraded Hilltop from “strong sell” to “sell,” while overall analyst sentiment remains “Hold,” with an average price target of $42.00.
• Hilltop’s latest quarterly results missed expectations: adjusted EPS was $0.44 versus the $0.64 consensus, while revenue reached $309.51 million against estimates of $320.37 million.
• HTH opened at $37.07, below the $42.00 average target; insiders sold 52,555 shares worth about $2.09 million over the past 90 days, while institutional investors own 57.13% of the company.

Hilltop (NYSE:HTH - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a report issued on Sunday, Wall Street Zen reports.

A number of other research firms have also recently commented on HTH. Weiss Ratings raised shares of Hilltop from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday, October 21st. Piper Sandler reaffirmed a "neutral" rating and issued a $42.00 target price on shares of Hilltop in a research report on Tuesday, July 28th. Raymond James Financial lowered Hilltop from a "market perform" rating to an "underperform" rating in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods lifted their price target on Hilltop from $40.00 to $42.00 and gave the stock a "market perform" rating in a report on Wednesday, August 5th. Finally, Zacks Research cut Hilltop from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $42.00.

Hilltop Price Performance

Shares of HTH stock opened at $37.07 on Friday. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 15.45 and a beta of 0.89. Hilltop has a 1-year low of $31.75 and a 1-year high of $40.41. The stock has a 50 day simple moving average of $37.79 and a 200-day simple moving average of $37.69.

Hilltop (NYSE:HTH - Get Free Report) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.20). The business had revenue of $309.51 million for the quarter, compared to analyst estimates 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 previous year, the company posted $0.74 EPS. Analysts anticipate that Hilltop will post 2.49 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Rhodes Bobbitt sold 20,000 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $40.12, for a total transaction of $802,400.00. Following the completion of the transaction, the director owned 56,096 shares of the company's stock, valued at approximately $2,250,571.52. The trade was a 26.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 52,555 shares of company stock valued at $2,087,714. Company insiders own 5.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Canton Hathaway LLC boosted its position in Hilltop by 23.1% in the third quarter. Canton Hathaway LLC now owns 9,060 shares of the financial services provider's stock valued at $341,000 after buying an additional 1,700 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Hilltop by 36.6% during the third quarter. Nisa Investment Advisors LLC now owns 2,127 shares of the financial services provider's stock worth $80,000 after buying an additional 570 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Hilltop during the third quarter worth $267,000. Ellsworth Advisors LLC acquired a new position in shares of Hilltop during the third quarter worth $1,075,000. Finally, Fortitude Family Office LLC increased its holdings in shares of Hilltop by 4,411.1% during the third quarter. Fortitude Family Office LLC now owns 3,248 shares of the financial services provider's stock worth $122,000 after buying an additional 3,176 shares in the last quarter. Institutional investors own 57.13% of the company's stock.

Hilltop Company Profile

Hilltop Holdings Inc NYSE: HTH is a Dallas-based financial services holding company. Through its operating subsidiaries, the company provides commercial and consumer banking, mortgage lending, and securities brokerage and investment-banking services.

PlainsCapital Bank is Hilltop's banking subsidiary and serves businesses, professionals, and individuals primarily in Texas. Its offerings include commercial and real estate lending, deposit accounts, treasury management, wealth management, and other banking services.

Hilltop also operates PrimeLending, a residential mortgage lender that originates home loans through a network of loan officers and offices across the United States.

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