Hilltop Holdings Inc. (NYSE:HTH) Receives $23.90 Consensus Target Price from Analysts

Shares of Hilltop Holdings Inc. (NYSE:HTH) have received a consensus rating of “Buy” from the seven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $23.90.

A number of research firms have recently issued reports on HTH. ValuEngine upgraded Hilltop from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 30th. Stephens restated a “hold” rating and set a $27.00 price objective on shares of Hilltop in a research report on Thursday, November 7th.

Institutional investors have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc bought a new stake in Hilltop during the second quarter worth about $26,000. Public Employees Retirement System of Ohio lifted its position in shares of Hilltop by 87.0% during the second quarter. Public Employees Retirement System of Ohio now owns 1,404 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 653 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Hilltop during the second quarter worth approximately $54,000. Garrett Wealth Advisory Group LLC acquired a new position in shares of Hilltop during the third quarter worth approximately $86,000. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Hilltop during the fourth quarter worth approximately $151,000. Hedge funds and other institutional investors own 63.25% of the company’s stock.

Shares of HTH stock traded up $0.12 during mid-day trading on Friday, reaching $24.42. The stock had a trading volume of 9,253 shares, compared to its average volume of 284,180. Hilltop has a one year low of $16.71 and a one year high of $26.28. The firm has a market cap of $2.20 billion, a PE ratio of 19.02 and a beta of 0.85. The firm’s 50 day simple moving average is $24.88 and its 200 day simple moving average is $23.71. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.03.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.33. The business had revenue of $454.61 million for the quarter, compared to analysts’ expectations of $406.30 million. Hilltop had a return on equity of 10.05% and a net margin of 11.56%. During the same period in the previous year, the business posted $0.38 earnings per share. Sell-side analysts forecast that Hilltop will post 2.49 earnings per share for the current fiscal year.

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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