Hilltop Holdings’ (NYSE:HTH) Underperform Rating Reaffirmed at Raymond James Financial, Inc.

Raymond James Financial, Inc. restated their underperform rating on shares of Hilltop Holdings Inc. (NYSE:HTH) in a research report report published on Thursday morning.

HTH has been the topic of several other reports. Zacks Investment Research upgraded shares of Hilltop Holdings from a sell rating to a hold rating in a research report on Tuesday, June 27th. Piper Jaffray Companies lowered shares of Hilltop Holdings from an overweight rating to a neutral rating and set a $30.00 price target on the stock. in a research report on Wednesday, May 10th. Stephens set a $31.00 price target on shares of Hilltop Holdings and gave the company a buy rating in a research report on Friday, July 28th. BidaskClub lowered shares of Hilltop Holdings from a hold rating to a sell rating in a research report on Thursday, July 27th. Finally, ValuEngine upgraded shares of Hilltop Holdings from a hold rating to a buy rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $32.08.

Hilltop Holdings (NYSE:HTH) traded up 2.65% on Thursday, reaching $26.00. 86,375 shares of the company’s stock were exchanged. The company has a market cap of $2.51 billion, a P/E ratio of 14.55 and a beta of 1.01. The firm has a 50 day moving average of $25.93 and a 200-day moving average of $26.80. Hilltop Holdings has a 12-month low of $21.04 and a 12-month high of $30.60.

Hilltop Holdings (NYSE:HTH) last issued its earnings results on Thursday, July 27th. The financial services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.20. Hilltop Holdings had a net margin of 10.02% and a return on equity of 9.39%. The company had revenue of $460.67 million for the quarter, compared to analyst estimates of $431.80 million. During the same period in the prior year, the business posted $0.32 earnings per share. Equities analysts expect that Hilltop Holdings will post $1.59 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.95%. Hilltop Holdings’s dividend payout ratio (DPR) is currently 13.41%.

In other Hilltop Holdings news, insider Hill A. Feinberg sold 225,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $25.82, for a total transaction of $5,809,500.00. Following the transaction, the insider now owns 1,083,878 shares of the company’s stock, valued at $27,985,729.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Alan B. White sold 79,025 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $26.03, for a total transaction of $2,057,020.75. Following the transaction, the chief executive officer now directly owns 216,124 shares in the company, valued at approximately $5,625,707.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 311,525 shares of company stock worth $8,055,071. 22.50% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hilltop Holdings by 93.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,760 shares in the last quarter. First Interstate Bank increased its position in Hilltop Holdings by 50.1% in the first quarter. First Interstate Bank now owns 3,895 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,300 shares in the last quarter. Founders Capital Management bought a new position in Hilltop Holdings during the first quarter worth $118,000. Private Advisor Group LLC bought a new position in Hilltop Holdings during the first quarter worth $287,000. Finally, Victory Capital Management Inc. increased its position in Hilltop Holdings by 32.9% in the first quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,398 shares in the last quarter. 57.04% of the stock is currently owned by institutional investors.

Hilltop Holdings Company Profile

Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).

Analyst Recommendations for Hilltop Holdings (NYSE:HTH)

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