Piper Jaffray Companies Reaffirms Hold Rating for Hilltop Holdings Inc. (HTH)

Hilltop Holdings Inc. (NYSE:HTH)‘s stock had its “hold” rating reiterated by Piper Jaffray Companies in a note issued to investors on Thursday, October 19th. They currently have a $30.00 target price on the financial services provider’s stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 32.74% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Keefe, Bruyette & Woods restated a “neutral” rating on shares of Hilltop Holdings in a research note on Tuesday, September 12th. Stephens set a $31.00 price objective on Hilltop Holdings and gave the company a “buy” rating in a report on Monday, June 26th. Zacks Investment Research lowered Hilltop Holdings from a “hold” rating to a “sell” rating in a report on Friday, October 6th. BidaskClub lowered Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, ValuEngine raised Hilltop Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $33.30.

Shares of Hilltop Holdings (NYSE:HTH) traded down $0.85 during midday trading on Thursday, hitting $22.60. The company had a trading volume of 433,046 shares, compared to its average volume of 330,417. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2,170.00, a PE ratio of 14.96 and a beta of 1.02. Hilltop Holdings has a 1 year low of $21.47 and a 1 year high of $30.60.

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In other news, Director J Markham Green sold 4,389 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $25.98, for a total value of $114,026.22. Following the transaction, the director now owns 114,763 shares in the company, valued at $2,981,542.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles Clifton Robinson bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was purchased at an average price of $23.90 per share, for a total transaction of $239,000.00. Following the transaction, the director now owns 1,265,024 shares of the company’s stock, valued at $30,234,073.60. The disclosure for this purchase can be found here. Corporate insiders own 22.50% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hilltop Holdings by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,996 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 348 shares during the last quarter. Victory Capital Management Inc. increased its stake in Hilltop Holdings by 32.9% during the first quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,398 shares during the last quarter. SG Americas Securities LLC increased its stake in Hilltop Holdings by 64.5% during the first quarter. SG Americas Securities LLC now owns 8,970 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 3,518 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Hilltop Holdings in the second quarter valued at $241,000. Finally, Principal Financial Group Inc. grew its stake in shares of Hilltop Holdings by 2.1% in the second quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock valued at $242,000 after buying an additional 186 shares in the last quarter. 56.54% of the stock is owned by hedge funds and other institutional investors.

Hilltop Holdings Company Profile

Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).

Analyst Recommendations for Hilltop Holdings (NYSE:HTH)

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