Hilltop Holdings Inc. (HTH) - What Are Brokerages Thinking About This Stock?

Key Points

• Analyst sentiment is broadly neutral: Five analysts rate Hilltop Holdings “Hold” on average, with a 12-month consensus price target of $42.00.
• Hilltop reported quarterly EPS of $0.44, missing the $0.64 consensus estimate; revenue of $309.51 million also fell short of expectations.
• The company declared a quarterly dividend of $0.22 per share, equivalent to $0.88 annually and a 2.3% yield.

Hilltop Holdings Inc. (NYSE:HTH - Get Free Report) has received a consensus rating of "Hold" from the five analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $42.00.

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Hilltop from a "strong sell" rating to a "sell" rating in a research note on Sunday. Piper Sandler reissued a "neutral" rating and issued a $42.00 price objective on shares of Hilltop in a report on Tuesday, July 28th. Weiss Ratings upgraded Hilltop from a "buy (b)" rating to a "buy (b+)" rating in a research note on Wednesday, October 21st. Keefe, Bruyette & Woods raised 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. Finally, Raymond James Financial cut Hilltop from a "market perform" rating to an "underperform" rating in a research report on Tuesday, October 6th.

Insider Activity at Hilltop

In other news, Director Rhodes Bobbitt sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $38.80, for a total transaction of $194,000.00. Following the sale, the director owned 25,641 shares of the company's stock, valued at $994,870.80. This trade represents a 16.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 20,000 shares of company stock worth $783,000. 5.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hilltop

Several large investors have recently made changes to their positions in HTH. Strategic Wealth Advisors LLC acquired a new stake in Hilltop during the second quarter valued at $33,000. Signaturefd LLC increased its holdings in Hilltop by 276.4% in the second quarter. Signaturefd LLC now owns 1,370 shares of the financial services provider's stock valued at $53,000 after buying an additional 1,006 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Hilltop in the second quarter worth about $62,000. Allworth Financial LP acquired a new position in shares of Hilltop in the second quarter worth about $65,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Hilltop by 36.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,127 shares of the financial services provider's stock worth $80,000 after acquiring an additional 570 shares in the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Hilltop Price Performance

NYSE:HTH opened at $37.78 on Thursday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 15.74 and a beta of 0.88. Hilltop has a 1-year low of $32.17 and a 1-year high of $40.41. The company's fifty day moving average price is $37.73 and its 200-day moving average price is $37.72.

Hilltop (NYSE:HTH - Get Free Report) last issued its earnings results on Thursday, October 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.20). Hilltop had a return on equity of 6.51% and a net margin of 9.08%. The business had revenue of $309.51 million for the quarter, compared to analysts' expectations of $320.37 million. During the same period last year, the business earned $0.74 EPS. Equities analysts anticipate that Hilltop will post 2.49 EPS for the current fiscal year.

Hilltop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 6th. Hilltop's dividend payout ratio is currently 36.67%.

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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