Hilltop (NYSE:HTH) Given New $42.00 Price Target at Raymond James


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Hilltop (NYSE:HTH) had its price target raised by Raymond James from $40.00 to $42.00 in a research note issued to investors on Wednesday morning, Stock Target Advisor reports. The firm currently has an outperform rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Hilltop from a buy rating to a hold rating and set a $38.00 price target on the stock. in a research note on Tuesday, March 9th. Compass Point lowered Hilltop from a buy rating to a neutral rating and set a $31.00 target price on the stock. in a research note on Tuesday, February 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Hilltop currently has an average rating of Buy and a consensus price target of $30.50.

Shares of HTH stock opened at $32.96 on Wednesday. The stock’s fifty day moving average is $34.99 and its 200-day moving average is $28.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.81 and a current ratio of 1.00. The stock has a market capitalization of $2.71 billion, a PE ratio of 7.83 and a beta of 1.20. Hilltop has a 52 week low of $12.80 and a 52 week high of $39.60.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, January 28th. The financial services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.27 by $0.03. Hilltop had a return on equity of 15.34% and a net margin of 18.09%. The company had revenue of $555.30 million for the quarter, compared to analysts’ expectations of $368.50 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, analysts forecast that Hilltop will post 4.68 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 26th. Stockholders of record on Friday, February 12th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, February 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.46%. This is a positive change from Hilltop’s previous quarterly dividend of $0.08. Hilltop’s dividend payout ratio (DPR) is currently 19.67%.

In related news, Director Hill A. Feinberg sold 20,000 shares of the stock in a transaction dated Tuesday, March 2nd. The stock was sold at an average price of $34.01, for a total transaction of $680,200.00. Following the completion of the transaction, the director now directly owns 671,537 shares in the company, valued at $22,838,973.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lee Lewis sold 70,000 shares of the stock in a transaction dated Thursday, March 4th. The stock was sold at an average price of $34.37, for a total value of $2,405,900.00. Following the transaction, the director now owns 52,782 shares of the company’s stock, valued at $1,814,117.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 179,567 shares of company stock worth $6,053,411. 20.90% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC bought a new position in shares of Hilltop during the third quarter worth about $681,000. KBC Group NV grew its stake in Hilltop by 23.2% in the fourth quarter. KBC Group NV now owns 38,127 shares of the financial services provider’s stock valued at $1,049,000 after purchasing an additional 7,183 shares in the last quarter. Globeflex Capital L P grew its stake in Hilltop by 7.2% in the fourth quarter. Globeflex Capital L P now owns 28,164 shares of the financial services provider’s stock valued at $775,000 after purchasing an additional 1,886 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Hilltop by 5.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,395 shares of the financial services provider’s stock valued at $836,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Credit Suisse AG grew its stake in Hilltop by 31.5% in the fourth quarter. Credit Suisse AG now owns 91,567 shares of the financial services provider’s stock valued at $2,520,000 after purchasing an additional 21,914 shares in the last quarter. Institutional investors and hedge funds own 61.12% of the company’s stock.

About Hilltop

Hilltop Holdings, Inc engages in the provision of business and consumer banking services. It operates through the following segments: Banking, Broker-Dealer, Mortgage Origination and Insurance. The Banking segment includes business banking, personal banking, wealth and investment management. The Broker-Dealer segment includes the following lines of business: public finance, capital markets, retail, structured finance, clearing services and securities lending.

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