Hilltop - HTH Stock Forecast, Price & News

Hilltop Holdings Inc. provides business and consumer banking, and financial products and services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. 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. This segment also provides treasury management, wealth management, asset management, check cards, safe deposit boxes, online banking, bill pay, trust, and overdraft services; and estate planning, management and administration, investment portfolio management, employee benefit accounts, and individual retirement accounts, as well as automated teller machines. The Broker-Dealer segment offers public finance services that assist public entities in originating, syndicating, and distributing securities of municipalities and political subdivisions; specialized advisory and investment banking services; advice and guidance to arbitrage rebate compliance, portfolio management, and local government investment pool administration; structured finance services, which include advisory services for derivatives and commodities; sells, trades in, and underwrites U.S. government and government agency bonds, corporate bonds, and municipal bonds, as well as mortgage-backed, asset-backed, and commercial mortgage-backed securities and structured products. This segment also provides asset and liability management advisory, clearing, retail, and securities lending services. The Mortgage Origination segment offers mortgage, jumbo, Federal Housing Administration, Veterans Affairs, and United States Department of Agriculture loans. Hilltop Holdings Inc. was founded in 1998 and is headquartered in Dallas, Texas.

Analysts Set New Price Targets

HTH has been the topic of several recent research reports. StockNews.com lowered Hilltop from a "hold" rating to a "sell" rating in a report on Tuesday, June 14th. TheStreet lowered Hilltop from a "b" rating to a "c+" rating in a research report on Friday, April 22nd. Piper Sandler dropped their price objective on Hilltop to $28.00 in a report on Monday, July 4th. Finally, Raymond James cut shares of Hilltop from a "market perform" rating to an "underperform" rating in a report on Thursday, July 7th.

Hilltop Stock Up 0.2 %

Shares of NYSE:HTH traded up $0.06 during midday trading on Thursday, reaching $29.28. 277,238 shares of the company's stock traded hands, compared to its average volume of 819,429. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 11.01 and a beta of 1.10. Hilltop has a one year low of $25.07 and a one year high of $38.47. The stock's 50 day simple moving average is $27.69 and its 200-day simple moving average is $29.17.

Hilltop (NYSE:HTH - Get Rating) last announced its earnings results on Thursday, July 21st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.13. The business had revenue of $351.33 million for the quarter, compared to analysts' expectations of $328.25 million. Hilltop had a return on equity of 8.78% and a net margin of 13.07%. Equities analysts predict that Hilltop will post 1.33 EPS for the current fiscal year.

Hilltop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.05%. The ex-dividend date is Thursday, August 11th. Hilltop's payout ratio is 22.56%.

Insiders Place Their Bets

In related news, Director Hill A. Feinberg sold 32,500 shares of Hilltop stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $29.69, for a total value of $964,925.00. Following the completion of the transaction, the director now owns 622,736 shares in the company, valued at approximately $18,489,031.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 22.30% of the stock is owned by insiders.