Shares of Hilltop Holdings Inc. (NYSE:HTH – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $40.00.
Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Hilltop from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday, August 5th. Piper Sandler reiterated a “neutral” rating and set a $42.00 price objective on shares of Hilltop in a report on Tuesday, July 28th. Finally, Weiss Ratings upgraded Hilltop from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, September 2nd.
Get Our Latest Stock Analysis on Hilltop
Hilltop Trading Down 0.2%
Hilltop (NYSE:HTH – Get Free Report) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. Hilltop had a return on equity of 7.40% and a net margin of 10.17%.The company had revenue of $315.81 million for the quarter, compared to the consensus estimate of $306.18 million. During the same quarter in the prior year, the company earned $0.57 EPS. On average, equities analysts forecast that Hilltop will post 2.59 earnings per share for the current fiscal year.
Hilltop Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, August 7th. This represents a $0.88 annualized dividend and a dividend yield of 2.3%. This is a positive change from Hilltop’s previous quarterly dividend of $0.20. Hilltop’s dividend payout ratio is presently 32.59%.
Insider Activity at Hilltop
In related news, Director Rhodes Bobbitt sold 5,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $38.80, for a total value of $194,000.00. Following the transaction, the director owned 25,641 shares in the company, valued at approximately $994,870.80. This represents a 16.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 52,555 shares of company stock valued at $2,087,714. Insiders own 5.40% of the company’s stock.
Institutional Trading of Hilltop
Several large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its stake in shares of Hilltop by 5.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,219 shares of the financial services provider’s stock valued at $823,000 after purchasing an additional 1,103 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Hilltop during the second quarter worth $250,000. Tidal Investments LLC acquired a new position in Hilltop during the second quarter worth $592,000. Integrated Wealth Concepts LLC bought a new position in Hilltop during the second quarter valued at about $88,000. Finally, Squarepoint Ops LLC bought a new position in Hilltop during the second quarter valued at about $474,000. 57.13% of the stock is owned by institutional investors.
Hilltop Company Profile
Hilltop Holdings Inc is a Dallas-based financial services holding company that provides banking, mortgage lending and securities services through its operating subsidiaries. Its businesses serve individuals, businesses, financial institutions, government entities and other organizations.
PlainsCapital Bank, Hilltop’s banking subsidiary, offers commercial and consumer banking products, including loans, deposit accounts, treasury management and wealth management services. The bank primarily serves customers in Texas through its branch network and related financial services operations.
Hilltop’s other principal businesses include PrimeLending, a residential mortgage lender that originates and services home loans through a nationwide platform, and HilltopSecurities, a broker-dealer that provides investment banking, public finance, institutional brokerage, fixed-income trading and advisory services.
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