Hilltop Holdings Inc. (NYSE:HTH) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Hilltop Holdings Inc. (NYSE:HTHGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $40.00.

Several analysts have commented on the stock. Wall Street Zen downgraded shares of Hilltop from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research raised shares of Hilltop from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, May 4th. Piper Sandler restated a “neutral” rating and set a $42.00 price objective on shares of Hilltop in a report on Tuesday, July 28th. Keefe, Bruyette & Woods boosted their price objective on shares of Hilltop from $40.00 to $42.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hilltop in a research note on Wednesday.

Read Our Latest Research Report on HTH

Hilltop Trading Up 0.2%

Shares of Hilltop stock opened at $38.70 on Friday. The company has a market capitalization of $2.22 billion, a PE ratio of 14.33 and a beta of 0.89. Hilltop has a 12 month low of $30.78 and a 12 month high of $40.41. The stock’s fifty day simple moving average is $38.79 and its 200 day simple moving average is $37.81.

Hilltop (NYSE:HTHGet Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.14. The company had revenue of $315.81 million during the quarter, compared to the consensus estimate of $306.18 million. Hilltop had a return on equity of 7.40% and a net margin of 10.17%.During the same period in the prior year, the company earned $0.57 earnings per share. Analysts predict that Hilltop will post 2.59 EPS for the current fiscal year.

Hilltop Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.22 per share. This is an increase from Hilltop’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 7th. Hilltop’s payout ratio is currently 32.59%.

Insider Activity

In related news, Director Rhodes R. Bobbitt sold 20,000 shares of Hilltop stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $40.12, for a total value of $802,400.00. Following the sale, the director owned 56,096 shares of the company’s stock, valued at approximately $2,250,571.52. This trade represents a 26.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 62,555 shares of company stock worth $2,457,214 in the last ninety days. 5.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hilltop

Several hedge funds have recently made changes to their positions in the business. Strategic Wealth Advisors LLC bought a new stake in shares of Hilltop in the fourth quarter worth $33,000. EverSource Wealth Advisors LLC increased its stake in Hilltop by 584.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the financial services provider’s stock valued at $33,000 after buying an additional 918 shares during the last quarter. Allworth Financial LP increased its stake in Hilltop by 37.3% in the 4th quarter. Allworth Financial LP now owns 1,153 shares of the financial services provider’s stock valued at $39,000 after buying an additional 313 shares during the last quarter. Danske Bank A S bought a new stake in Hilltop during the 3rd quarter worth about $43,000. Finally, Signaturefd LLC boosted its stake in shares of Hilltop by 276.4% during the 2nd quarter. Signaturefd LLC now owns 1,370 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,006 shares during the last quarter. 57.13% of the stock is owned by institutional investors.

About Hilltop

(Get Free Report)

Hilltop Holdings, Inc (NYSE: HTH) is a Dallas, Texas–based financial holding company offering commercial banking, mortgage lending and capital markets services through its three primary subsidiaries: PlainsCapital Corporation, PrimeLending and HilltopSecurities. PlainsCapital provides deposit, lending and treasury management solutions to small and mid-sized businesses, professionals and individuals. PrimeLending specializes in home purchase and refinance loans, serving retail, wholesale and correspondent channels.

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Analyst Recommendations for Hilltop (NYSE:HTH)

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