Hilltop (HTH) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of Hilltop (NYSE:HTH) from a hold rating to a buy rating in a research note published on Monday morning.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Hilltop from a hold rating to a sell rating in a research report on Monday, March 26th. Piper Jaffray reissued a hold rating on shares of Hilltop in a research note on Friday, February 23rd. Finally, Stephens downgraded shares of Hilltop from an overweight rating to an equal weight rating in a research note on Monday, January 29th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Hilltop presently has a consensus rating of Hold and an average target price of $34.38.

Shares of NYSE:HTH opened at $24.51 on Monday. Hilltop has a one year low of $21.47 and a one year high of $28.86. The firm has a market cap of $2,321.95, a PE ratio of 14.77 and a beta of 1.12. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 0.85.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Hilltop had a return on equity of 8.46% and a net margin of 7.74%. The company had revenue of $399.15 million during the quarter, compared to the consensus estimate of $390.05 million. equities research analysts expect that Hilltop will post 1.98 EPS for the current year.

Hilltop announced that its Board of Directors has initiated a stock repurchase plan on Thursday, January 25th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

A number of large investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL raised its stake in Hilltop by 2.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 133,100 shares of the financial services provider’s stock valued at $3,371,000 after purchasing an additional 3,000 shares during the period. Swiss National Bank raised its stake in Hilltop by 2.4% during the 4th quarter. Swiss National Bank now owns 132,900 shares of the financial services provider’s stock valued at $3,366,000 after purchasing an additional 3,100 shares during the period. Teachers Advisors LLC raised its stake in Hilltop by 0.4% during the 4th quarter. Teachers Advisors LLC now owns 1,002,196 shares of the financial services provider’s stock valued at $25,386,000 after purchasing an additional 3,855 shares during the period. Creative Planning raised its stake in Hilltop by 27.1% during the 4th quarter. Creative Planning now owns 30,392 shares of the financial services provider’s stock valued at $770,000 after purchasing an additional 6,474 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Hilltop during the 4th quarter valued at $202,000. 60.24% of the stock is currently owned by institutional investors.

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Hilltop Company Profile

Hilltop Holdings Inc provides banking and financial products and services. Its Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial, industrial, and single family residential mortgage loans.

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