Hilltop (HTH) Rating Increased to Market Perform at Raymond James

Hilltop (NYSE:HTH) was upgraded by Raymond James from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, Marketbeat reports.

A number of other analysts have also issued reports on HTH. Stephens set a $24.00 target price on Hilltop and gave the company a “hold” rating in a report on Friday, October 26th. Zacks Investment Research upgraded Hilltop from a “strong sell” rating to a “hold” rating in a report on Monday, July 2nd. ValuEngine lowered Hilltop from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 8th. Finally, Compass Point upgraded Hilltop from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.60.

HTH opened at $19.88 on Monday. The firm has a market capitalization of $1.78 billion, a PE ratio of 11.98 and a beta of 0.96. Hilltop has a 12-month low of $17.16 and a 12-month high of $28.32. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 0.03.

Hilltop (NYSE:HTH) last released its earnings results on Thursday, October 25th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.06). The business had revenue of $380.04 million during the quarter, compared to analysts’ expectations of $385.07 million. Hilltop had a net margin of 6.55% and a return on equity of 7.00%. Sell-side analysts anticipate that Hilltop will post 1.51 EPS for the current fiscal year.

In related news, insider Keith E. Bornemann sold 1,500 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $20.68, for a total transaction of $31,020.00. Following the completion of the sale, the insider now directly owns 8,270 shares in the company, valued at $171,023.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 22.30% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. UBS Group AG raised its holdings in shares of Hilltop by 1,254.2% during the first quarter. UBS Group AG now owns 6,771 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 6,271 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of Hilltop during the first quarter worth $214,000. SG Americas Securities LLC raised its holdings in shares of Hilltop by 44.8% during the second quarter. SG Americas Securities LLC now owns 9,928 shares of the financial services provider’s stock worth $219,000 after acquiring an additional 3,071 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new stake in shares of Hilltop during the second quarter worth $243,000. Finally, Pinnacle Associates Ltd. purchased a new stake in shares of Hilltop during the second quarter worth $258,000. Institutional investors and hedge funds own 59.37% of the company’s stock.

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.

Further Reading: Intrinsic Value and Stock Selection

Analyst Recommendations for Hilltop (NYSE:HTH)

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