Hilltop (HTH) PT Set at $24.00 by Stephens

Hilltop (NYSE:HTH) has been given a $24.00 target price by investment analysts at Stephens in a report released on Friday. The firm presently has a “hold” rating on the financial services provider’s stock. Stephens’ price target indicates a potential upside of 27.46% from the company’s previous close.

HTH has been the subject of a number of other reports. Compass Point upgraded shares of 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. Zacks Investment Research cut shares of Hilltop from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 28th. Finally, ValuEngine upgraded shares of Hilltop from a “strong sell” rating to a “sell” rating in a report on Friday, August 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.25.

Shares of NYSE:HTH opened at $18.83 on Friday. The firm has a market capitalization of $1.67 billion, a P/E ratio of 11.34 and a beta of 0.96. Hilltop has a 1 year low of $17.16 and a 1 year high of $28.32. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 0.82.



Hilltop (NYSE:HTH) last issued its quarterly earnings data 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 the consensus estimate of $385.07 million. Hilltop had a return on equity of 7.04% and a net margin of 6.55%. As a group, equities analysts anticipate that Hilltop will post 1.51 EPS for the current year.

In other Hilltop news, insider Keith E. Bornemann sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 30th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in HTH. Sei Investments Co. bought a new stake in Hilltop during the first quarter valued at about $214,000. Principal Financial Group Inc. bought a new stake in Hilltop during the first quarter valued at about $276,000. UBS Group AG boosted its holdings in Hilltop by 1,254.2% during the first quarter. UBS Group AG now owns 6,771 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 6,271 shares during the period. Barclays PLC raised its position in shares of Hilltop by 62.4% during the first quarter. Barclays PLC now owns 26,833 shares of the financial services provider’s stock valued at $628,000 after buying an additional 10,310 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of Hilltop by 21.1% during the first quarter. Guggenheim Capital LLC now owns 51,995 shares of the financial services provider’s stock valued at $1,221,000 after buying an additional 9,077 shares during the last quarter. Institutional investors 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.

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