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.
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.
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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