Hilltop (NYSE:HTH) PT Raised to $35.00 at Keefe, Bruyette & Woods

Hilltop (NYSE:HTH) had its price objective raised by stock analysts at Keefe, Bruyette & Woods from $33.00 to $35.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 4.42% from the stock’s current price.

Hilltop Stock Down 1.9 %

Shares of HTH stock traded down $0.64 during mid-day trading on Monday, reaching $33.52. 29,285 shares of the company’s stock traded hands, compared to its average volume of 305,816. Hilltop has a 12 month low of $26.78 and a 12 month high of $35.66. The company has a market cap of $2.19 billion, a P/E ratio of 19.65 and a beta of 1.12. The company’s 50-day moving average price is $31.16 and its 200-day moving average price is $31.13.

Hilltop (NYSE:HTH) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The firm had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $283.22 million. Hilltop had a net margin of 7.10% and a return on equity of 5.30%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. Equities analysts predict that Hilltop will post 1.28 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Hill A. Feinberg sold 3,776 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $29.91, for a total value of $112,940.16. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $299,100. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 28.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hilltop

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 1620 Investment Advisors Inc. purchased a new stake in shares of Hilltop during the 2nd quarter valued at about $28,000. SG Americas Securities LLC increased its position in shares of Hilltop by 91.1% during the 1st quarter. SG Americas Securities LLC now owns 8,186 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 3,902 shares during the last quarter. Duality Advisers LP purchased a new stake in shares of Hilltop during the 1st quarter valued at about $275,000. ProShare Advisors LLC increased its position in shares of Hilltop by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 9,407 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 647 shares during the last quarter. Finally, Hilltop Holdings Inc. increased its position in shares of Hilltop by 15.2% during the 4th quarter. Hilltop Holdings Inc. now owns 9,760 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 1,289 shares during the last quarter. Institutional investors own 57.13% of the company’s stock.

Hilltop Company Profile

Hilltop Holdings Inc provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The 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, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.