Hilltop (NYSE:HTH) Stock Rating Cut to Hold at Zacks Research

Zacks Research cut shares of Hilltop (NYSE:HTH – Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning,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.

Several other research analysts also recently commented on HTH. Keefe, Bruyette & Woods raised their price target on shares of Hilltop from $40.00 to $42.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 5th. Weiss Ratings lowered shares of Hilltop from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday. Raymond James Financial downgraded shares of Hilltop from a “market perform” rating to an “underperform” rating in a research note on Tuesday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $42.00 price target on shares of Hilltop in a report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.00.

Get Our Latest Stock Report on Hilltop

Hilltop Stock Performance

Shares of NYSE HTH opened at $36.71 on Wednesday. Hilltop has a fifty-two week low of $30.78 and a fifty-two week high of $40.41. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 13.60 and a beta of 0.89. The business’s 50 day moving average price is $38.64 and its 200-day moving average price is $37.98.

Hilltop (NYSE:HTH – Get Free Report) last released its earnings results on Thursday, July 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. The business had revenue of $315.81 million for the quarter, compared to analyst estimates of $306.18 million. Hilltop had a return on equity of 7.40% and a net margin of 10.17%.During the same quarter last year, the firm posted $0.57 earnings per share. Sell-side analysts predict that Hilltop will post 2.55 earnings per share for the current year.

Hilltop Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Hilltop’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, August 7th. Hilltop’s payout ratio is presently 32.59%.

Insiders Place Their Bets

In other Hilltop news, Director Rhodes Bobbitt sold 5,000 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $38.80, for a total transaction of $194,000.00. Following the completion of the sale, the director owned 25,641 shares in the company, valued at $994,870.80. This represents a 16.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 52,555 shares of company stock worth $2,087,714 in the last ninety days. 5.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Hilltop by 17.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,864 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 424 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Hilltop by 935.5% in the third quarter. Farther Finance Advisors LLC now owns 3,738 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 3,377 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Hilltop by 17.2% in the second quarter. QRG Capital Management Inc. now owns 14,016 shares of the financial services provider’s stock worth $544,000 after purchasing an additional 2,053 shares during the last quarter. State Street Corp increased its position in shares of Hilltop by 1.0% during the second quarter. State Street Corp now owns 2,546,898 shares of the financial services provider’s stock worth $98,769,000 after purchasing an additional 24,912 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Hilltop by 5.5% during 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. Hedge funds and other institutional investors own 57.13% of the company’s stock.

About Hilltop

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Hilltop (NYSE:HTH)

Receive News & Ratings for Hilltop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilltop and related companies with MarketBeat.com's FREE daily email newsletter.