Piper Jaffray Companies restated their hold rating on shares of Hilltop (NYSE:HTH) in a research report released on Sunday, January 28th. The brokerage currently has a $30.00 price objective on the financial services provider’s stock.
Several other brokerages have also commented on HTH. Zacks Investment Research raised Hilltop from a sell rating to a hold rating and set a $30.00 price objective on the stock in a report on Wednesday, January 10th. Stephens lowered Hilltop from an overweight rating to an equal weight rating in a research note on Monday, January 29th. Finally, ValuEngine raised Hilltop from a hold rating to a buy rating in a research note on Friday, December 1st. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $33.50.
Shares of Hilltop (NYSE HTH) opened at $24.12 on Friday. Hilltop has a twelve month low of $21.47 and a twelve month high of $29.54. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2,353.48, a price-to-earnings ratio of 14.86 and a beta of 1.09.
Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Hilltop had a return on equity of 8.48% and a net margin of 7.74%. The company had revenue of $399.15 million for the quarter, compared to the consensus estimate of $390.05 million. equities analysts forecast that Hilltop will post 2.05 earnings per share for the current fiscal year.
Hilltop declared that its board has approved a stock buyback program on Thursday, January 25th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.16%. This is a boost from Hilltop’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, February 14th. Hilltop’s payout ratio is presently 17.78%.
In related news, Director Gerald J. Ford bought 10,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average cost of $25.08 per share, with a total value of $250,800.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 22.50% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC raised its stake in Hilltop by 0.6% during the 2nd quarter. FMR LLC now owns 6,304,653 shares of the financial services provider’s stock valued at $165,245,000 after acquiring an additional 35,179 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Hilltop by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 5,909,111 shares of the financial services provider’s stock worth $154,877,000 after acquiring an additional 28,889 shares during the period. CDAM UK Ltd acquired a new stake in shares of Hilltop in the 4th quarter worth approximately $48,922,000. Stephens Investment Management Group LLC grew its holdings in shares of Hilltop by 1.8% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,589,721 shares of the financial services provider’s stock worth $41,333,000 after acquiring an additional 27,692 shares during the period. Finally, Hodges Capital Management Inc. grew its holdings in shares of Hilltop by 4.4% in the 4th quarter. Hodges Capital Management Inc. now owns 1,196,372 shares of the financial services provider’s stock worth $30,304,000 after acquiring an additional 50,820 shares during the period. 56.27% of the stock is owned by hedge funds and other institutional investors.
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Hilltop 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).
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