Hilltop (HTH) Upgraded to B at TheStreet

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TheStreet upgraded shares of Hilltop (NYSE:HTH) from a c rating to a b rating in a research note released on Wednesday morning, TheStreetRatingsTable reports.

HTH has been the topic of a number of other research reports. Zacks Investment Research raised shares of Hilltop from a sell rating to a hold rating in a research note on Tuesday, January 15th. Stephens reaffirmed a hold rating and set a $19.00 target price on shares of Hilltop in a research note on Friday, January 25th. ValuEngine raised shares of Hilltop from a sell rating to a hold rating in a research note on Thursday, April 18th. Compass Point reaffirmed a buy rating and set a $21.50 target price (down previously from $25.00) on shares of Hilltop in a research note on Monday, January 28th. Finally, Piper Jaffray Companies raised shares of Hilltop from a neutral rating to an overweight rating and set a $21.00 target price on the stock in a research note on Thursday, March 28th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $21.90.

Shares of HTH traded down $0.01 during trading hours on Wednesday, reaching $21.07. 14,448 shares of the company traded hands, compared to its average volume of 480,492. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 16.43 and a beta of 0.89. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 0.03. Hilltop has a 12 month low of $16.43 and a 12 month high of $24.09.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.15. The firm had revenue of $361.40 million for the quarter, compared to analyst estimates of $335.96 million. Hilltop had a net margin of 8.30% and a return on equity of 6.90%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. On average, research analysts forecast that Hilltop will post 1.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.52%. Hilltop’s dividend payout ratio (DPR) is currently 25.00%.

In related news, CEO Alan B. White sold 69,029 shares of Hilltop stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $19.36, for a total transaction of $1,336,401.44. Following the completion of the transaction, the chief executive officer now directly owns 214,150 shares of the company’s stock, valued at approximately $4,145,944. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Alan B. White sold 8,657 shares of Hilltop stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $19.40, for a total transaction of $167,945.80. Following the transaction, the chief executive officer now directly owns 214,150 shares of the company’s stock, valued at $4,154,510. The disclosure for this sale can be found here. Company insiders own 22.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc raised its holdings in Hilltop by 1.3% in the third quarter. Vanguard Group Inc now owns 6,368,046 shares of the financial services provider’s stock worth $128,443,000 after buying an additional 78,963 shares during the last quarter. Vanguard Group Inc. raised its holdings in Hilltop by 1.3% in the third quarter. Vanguard Group Inc. now owns 6,368,046 shares of the financial services provider’s stock worth $128,443,000 after buying an additional 78,963 shares during the last quarter. BlackRock Inc. raised its holdings in Hilltop by 2.1% in the fourth quarter. BlackRock Inc. now owns 5,143,781 shares of the financial services provider’s stock worth $91,714,000 after buying an additional 104,101 shares during the last quarter. Norges Bank purchased a new position in Hilltop in the fourth quarter worth about $23,617,000. Finally, American Century Companies Inc. raised its holdings in Hilltop by 26.3% in the fourth quarter. American Century Companies Inc. now owns 1,280,169 shares of the financial services provider’s stock worth $22,825,000 after buying an additional 266,780 shares during the last quarter. 61.23% of the stock is owned by institutional investors.

Hilltop Company Profile

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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Analyst Recommendations for Hilltop (NYSE:HTH)

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