Hilltop (NYSE:HTH) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Hilltop (NYSE:HTH) had its price target hoisted by stock analysts at Keefe, Bruyette & Woods from $34.00 to $35.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 12.07% from the stock’s current price.

Separately, StockNews.com upgraded shares of Hilltop from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.50.

Hilltop Trading Down 0.3 %

HTH stock traded down $0.09 during trading on Wednesday, reaching $31.23. 30,509 shares of the stock were exchanged, compared to its average volume of 312,234. Hilltop has a 1 year low of $28.58 and a 1 year high of $35.66. The business has a 50 day moving average price of $31.62 and a 200-day moving average price of $31.54. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 19.16 and a beta of 1.13.

Hilltop (NYSE:HTH) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. Hilltop had a net margin of 6.65% and a return on equity of 4.90%. The company had revenue of $411.49 million for the quarter, compared to analyst estimates of $302.29 million. During the same quarter last year, the firm posted $0.57 earnings per share. On average, research analysts anticipate that Hilltop will post 1.48 EPS for the current year.

Insider Buying and Selling

In related news, CEO Martin Bradley Winges sold 30,851 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $32.61, for a total transaction of $1,006,051.11. Following the completion of the sale, the chief executive officer now directly owns 77,748 shares in the company, valued at $2,535,362.28. This represents a 28.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Keith E. Bornemann sold 2,500 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $32.00, for a total transaction of $80,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,124 shares in the company, valued at $291,968. This trade represents a 21.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 29.30% of the company’s stock.

Institutional Investors Weigh In On Hilltop

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in Hilltop in the third quarter valued at about $29,000. 1620 Investment Advisors Inc. acquired a new position in Hilltop during the second quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Hilltop during the third quarter worth $49,000. Innealta Capital LLC purchased a new stake in shares of Hilltop in the second quarter valued at $69,000. Finally, FMR LLC increased its stake in Hilltop by 36.7% during the third quarter. FMR LLC now owns 3,296 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 885 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors.

About Hilltop

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.