Hilltop (HTH) Upgraded at ValuEngine

ValuEngine upgraded shares of Hilltop (NYSE:HTH) from a sell rating to a hold rating in a report released on Thursday morning, ValuEngine reports.

Several other research firms also recently commented on HTH. Compass Point reiterated a buy rating and issued a $21.50 price objective (down from $25.00) on shares of Hilltop in a report on Monday, January 28th. Zacks Investment Research downgraded shares of Hilltop from a hold rating to a sell rating in a report on Wednesday, January 30th. Stephens reissued a hold rating and issued a $19.00 target price on shares of Hilltop in a research report on Friday, January 25th. Finally, Piper Jaffray Companies raised shares of Hilltop from a neutral rating to an overweight rating and set a $21.00 target price for the company in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $21.38.

NYSE:HTH opened at $20.12 on Thursday. Hilltop has a one year low of $16.43 and a one year high of $24.94. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 15.72 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.87 and a current ratio of 1.00.

Hilltop (NYSE:HTH) last released its quarterly earnings data on Thursday, January 24th. The financial services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.14). Hilltop had a net margin of 7.58% and a return on equity of 6.24%. The company had revenue of $356.23 million during the quarter, compared to analyst estimates of $367.43 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. On average, analysts predict that Hilltop will post 1.48 earnings per share for the current fiscal year.

In other news, CEO Alan B. White sold 69,029 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $19.36, for a total value of $1,336,401.44. Following the completion of the sale, the chief executive officer now owns 214,150 shares of the company’s stock, valued at $4,145,944. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alan B. White sold 8,657 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $19.40, for a total transaction of $167,945.80. Following the completion of the sale, the chief executive officer now directly owns 214,150 shares of the company’s stock, valued at approximately $4,154,510. The disclosure for this sale can be found here. Insiders own 22.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Hilltop by 1.3% in the third quarter. Vanguard Group Inc. now owns 6,368,046 shares of the financial services provider’s stock valued at $128,443,000 after acquiring an additional 78,963 shares during the period. Vanguard Group Inc boosted its position in shares of Hilltop by 1.3% in the third quarter. Vanguard Group Inc now owns 6,368,046 shares of the financial services provider’s stock valued at $128,443,000 after acquiring an additional 78,963 shares during the period. BlackRock Inc. lifted its position in Hilltop by 2.1% during the fourth quarter. BlackRock Inc. now owns 5,143,781 shares of the financial services provider’s stock worth $91,714,000 after purchasing an additional 104,101 shares during the period. Norges Bank bought a new stake in Hilltop during the fourth quarter worth about $23,617,000. Finally, American Century Companies Inc. lifted its position in Hilltop by 26.3% during the fourth quarter. American Century Companies Inc. now owns 1,280,169 shares of the financial services provider’s stock worth $22,825,000 after purchasing an additional 266,780 shares during the period. 61.21% of the stock is owned by institutional investors.

About Hilltop

Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. 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, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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Analyst Recommendations for Hilltop (NYSE:HTH)

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