SunTrust Banks Lowers Hilltop (HTH) Price Target to $24.00

Hilltop (NYSE:HTH) had its price objective lowered by investment analysts at SunTrust Banks from $25.00 to $24.00 in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the financial services provider’s stock. SunTrust Banks’ price target suggests a potential upside of 20.72% from the stock’s current price.

A number of other research analysts also recently weighed in on HTH. Zacks Investment Research upgraded Hilltop from a “strong sell” rating to a “hold” rating in a report on Monday, July 2nd. Compass Point upgraded Hilltop from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, July 31st. ValuEngine downgraded Hilltop from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 8th. Stephens set a $24.00 price target on Hilltop and gave the company a “hold” rating in a report on Friday, October 26th. Finally, Raymond James upgraded Hilltop from an “underperform” rating to a “market perform” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $26.60.

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

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, October 25th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.06). The company had revenue of $380.04 million for the quarter, compared to analyst estimates of $385.07 million. Hilltop had a return on equity of 7.00% and a net margin of 6.55%. Equities research analysts predict that Hilltop will post 1.51 EPS for the current fiscal year.

In other news, insider Keith E. Bornemann sold 1,500 shares of Hilltop 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 transaction, the insider now owns 8,270 shares in the company, valued at $171,023.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 22.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of HTH. Millennium Management LLC grew its stake in Hilltop by 215.2% in the second quarter. Millennium Management LLC now owns 1,929,620 shares of the financial services provider’s stock valued at $42,587,000 after purchasing an additional 1,317,402 shares in the last quarter. FMR LLC grew its stake in Hilltop by 13.3% in the second quarter. FMR LLC now owns 6,670,431 shares of the financial services provider’s stock valued at $147,216,000 after purchasing an additional 785,600 shares in the last quarter. Northern Trust Corp grew its stake in Hilltop by 57.4% in the second quarter. Northern Trust Corp now owns 1,454,311 shares of the financial services provider’s stock valued at $32,095,000 after purchasing an additional 530,298 shares in the last quarter. CDAM UK Ltd grew its stake in Hilltop by 20.3% in the second quarter. CDAM UK Ltd now owns 2,345,728 shares of the financial services provider’s stock valued at $51,770,000 after purchasing an additional 395,939 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Hilltop by 4.2% in the second quarter. BlackRock Inc. now owns 5,059,875 shares of the financial services provider’s stock valued at $111,670,000 after purchasing an additional 204,492 shares in the last quarter. Hedge funds and other institutional investors own 59.37% of the company’s stock.

About Hilltop

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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Analyst Recommendations for Hilltop (NYSE:HTH)

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