Hilltop (NYSE:HTH – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks reports. Zacks Research also issued estimates for Hilltop’s Q3 2027 earnings at $0.64 EPS, FY2027 earnings at $2.34 EPS, Q1 2028 earnings at $0.48 EPS, Q2 2028 earnings at $0.59 EPS and Q3 2028 earnings at $0.65 EPS.
Other research analysts have also recently issued research reports about the company. Weiss Ratings cut Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday. Piper Sandler restated a “neutral” rating and set a $42.00 price objective on shares of Hilltop in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods lifted their price objective 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 note on Tuesday. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.00.
Get Our Latest Stock Analysis on HTH
Hilltop Trading Up 0.3%
Hilltop (NYSE:HTH – Get Free Report) last released its quarterly 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 net margin of 10.17% and a return on equity of 7.40%. The business had revenue of $315.81 million during the quarter, compared to analyst estimates of $306.18 million. During the same period last year, the business earned $0.57 EPS. Equities analysts forecast that Hilltop will post 2.55 EPS for the current fiscal year.
Insiders Place Their Bets
In other Hilltop news, Director Rhodes Bobbitt sold 5,000 shares of the stock in a transaction 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 directly owned 25,641 shares of the company’s stock, valued at approximately $994,870.80. This represents a 16.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 52,555 shares of company stock worth $2,087,714 in the last three months. 5.40% of the stock is owned by insiders.
Institutional Investors Weigh In On Hilltop
Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in Hilltop by 17.4% in the third quarter. GAMMA Investing LLC now owns 2,864 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 424 shares during the period. Farther Finance Advisors LLC boosted its position in Hilltop by 935.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,738 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 3,377 shares during the period. QRG Capital Management Inc. grew its stake in Hilltop by 17.2% during the 2nd quarter. QRG Capital Management Inc. now owns 14,016 shares of the financial services provider’s stock worth $544,000 after buying an additional 2,053 shares during the last quarter. State Street Corp grew its stake in Hilltop by 1.0% during the 2nd quarter. State Street Corp now owns 2,546,898 shares of the financial services provider’s stock worth $98,769,000 after buying an additional 24,912 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Hilltop by 5.5% in the second quarter. The Manufacturers Life Insurance Company now owns 21,219 shares of the financial services provider’s stock worth $823,000 after buying an additional 1,103 shares during the period. Institutional investors and hedge funds own 57.13% of the company’s stock.
About Hilltop
Hilltop Holdings Inc is a Dallas, Texas-based financial services holding company that provides banking, mortgage lending and securities services through its subsidiaries. The company primarily serves individuals, businesses, government entities and institutional clients, with operations focused largely on the United States and particularly the Texas market.
PlainsCapital Bank, Hilltop’s banking subsidiary, offers commercial and consumer banking products, including loans, deposit accounts, treasury management and other financial services.
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