TheStreet lowered shares of Hilltop (NYSE:HTH) from a b- rating to a c+ rating in a research report report published on Thursday morning.
A number of other research analysts have also commented on the company. Compass Point lowered Hilltop from a buy rating to a neutral rating in a report on Monday, May 14th. Stephens reiterated a hold rating and set a $25.00 price target on shares of Hilltop in a report on Thursday, May 3rd. Zacks Investment Research lowered Hilltop from a hold rating to a sell rating in a report on Tuesday, May 1st. ValuEngine lowered Hilltop from a buy rating to a hold rating in a report on Sunday, April 29th. Finally, Piper Jaffray Companies reiterated a hold rating on shares of Hilltop in a report on Friday, February 23rd. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $28.88.
Shares of Hilltop opened at $23.05 on Thursday, Marketbeat reports. Hilltop has a 12 month low of $21.47 and a 12 month high of $28.32. The company has a market cap of $2.21 billion, a PE ratio of 13.89 and a beta of 1.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.86.
Hilltop (NYSE:HTH) last issued its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.07). Hilltop had a return on equity of 8.32% and a net margin of 7.67%. The business had revenue of $338.56 million for the quarter, compared to analyst estimates of $364.50 million. During the same quarter last year, the firm earned $0.27 earnings per share. equities analysts anticipate that Hilltop will post 1.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Monday, May 14th. Hilltop’s dividend payout ratio is presently 16.87%.
Hilltop announced that its board has initiated a share repurchase plan on Thursday, January 25th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
In other news, insider Hill A. Feinberg sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $22.71, for a total transaction of $1,135,500.00. Following the sale, the insider now directly owns 881,955 shares in the company, valued at $20,029,198.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Alan B. White sold 18,830 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $22.61, for a total value of $425,746.30. Following the sale, the chief executive officer now owns 210,157 shares in the company, valued at $4,751,649.77. The disclosure for this sale can be found here. Insiders own 22.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG increased its position in shares of Hilltop by 1,254.2% during the first quarter. UBS Group AG now owns 6,771 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 6,271 shares during the period. SG Americas Securities LLC bought a new stake in shares of Hilltop during the first quarter valued at approximately $161,000. Quantbot Technologies LP bought a new stake in shares of Hilltop during the first quarter valued at approximately $182,000. O Shaughnessy Asset Management LLC increased its position in shares of Hilltop by 390.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,512 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 6,777 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Hilltop during the fourth quarter valued at approximately $202,000. Institutional investors and hedge funds own 60.02% of the company’s stock.
Hilltop Holdings Inc provides banking and financial products and services. Its 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, industrial, and single family residential mortgage loans.
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