Hilltop Holdings Inc. (NYSE: HTH) Given the consensus recommendation to “hold” by brokerage firms
Shares of Hilltop Holdings Inc. (NYSE: HTH) have received an average rating of “Hold” from the seven rating companies that cover the company, MarketBeat reports. Four equity research analysts rated the stock with a hold recommendation and one issued a buy recommendation on the company. The twelve-month average price target among brokers who updated their equity coverage in the past year is $ 35.67.
A number of research companies have recently weighed in on HTH. Raymond James increased his target price on the Hilltop stock from $ 40.00 to $ 42.00 and rated the stock as “outperforming” in a research note on Wednesday April 7. Zacks Investment Research downgraded Hilltop from a “buy” rating to a “maintain” rating and set a price target of $ 40.00 for the company. in a report on Monday June 28. Piper Sandler began covering Hilltop in a report on Wednesday, April 14. They issued a “neutral” rating and a price target of $ 36.00 for the company. Finally, Stephens reaffirmed an “equal weight” rating and issued a price target of $ 37.00 (vs. $ 36.00) on Hilltop shares in a report released on Monday, May 3.
NYSE: HTH shares opened at $ 36.18 on Monday. The company has a debt ratio of 0.03, a current ratio of 0.97, and a quick ratio of 0.79. The stock has a market cap of $ 2.98 billion, a price-to-earnings ratio of 6.10 and a beta of 1.09. The stock’s 50-day simple moving average is $ 36.48. Hilltop has a one-year low of $ 16.52 and a one-year high of $ 39.60.
Hilltop (NYSE: HTH) last released its results on Thursday, April 22. The financial services provider reported earnings per share of $ 1.46 for the quarter, beating the Zacks’ consensus estimate of $ 1.09 by $ 0.37. Hilltop had a net margin of 21.74% and a return on equity of 20.29%. The company posted revenue of $ 523.27 million for the quarter, compared to $ 467.68 million according to analysts’ estimates. During the same period of the previous year, the company achieved earnings per share of $ 0.55. As a group, stock analysts forecast Hilltop to post earnings per share of 3.68 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 28. Shareholders of record on Friday May 14 received a dividend of $ 0.12. This represents an annualized dividend of $ 0.48 and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, May 13. Hilltop’s payout ratio is currently 10.48%.
In addition, director Charles R. Cummings sold 7,477 shares in a transaction that took place on Thursday, May 6. The stock was sold for an average price of $ 35.48, for a total value of $ 265,283.96. Following the completion of the sale, the Director now directly owns 29,999 shares of the company, valued at $ 1,064,364.52. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available through this hyperlink. 22.30% of the shares are currently held by insiders.
Hedge funds and other institutional investors have recently changed their holdings of stocks. PNC Financial Services Group Inc. acquired a new equity stake in Hilltop during the first quarter valued at $ 31,000. Fifth Third Bancorp purchased a new position in Hilltop in the first quarter valued at $ 34,000. Harvest Fund Management Co. Ltd. purchased a new position in Hilltop in the first quarter valued at $ 42,000. The Toronto Dominion Bank purchased a new position in Hilltop in the first quarter valued at $ 48,000. Finally, Point72 Hong Kong Ltd purchased a new position in Hilltop in the first quarter valued at $ 110,000. 64.60% of the shares are held by hedge funds and other institutional investors.
Hilltop Holdings Inc provides business and personal banking, financial products and services. It operates through three segments: Banking, Broker-Dealer and Mortgage Erection. The banking segment offers savings, checks, interest-bearing checks and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, securities purchase and holding loans, equipment loans and rentals, agricultural and commercial real estate loans and other loans; and commercial and industrial loans, and term finance and construction.
Read more: 52-week highs
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: What is cost of goods sold (COGS)?
7 cryptocurrencies that lead the market higher
Capital influx drives cryptocurrency up
There is an influx of money into the cryptocurrency market that is pushing the whole complex higher. Not only is institutional interest peaking, but recognition and use is also increasing. With Bitcoin setting new all-time highs 100% above the highs of 2017, the number of new Bitcoin millionaires is also on the rise.
But Bitcoin isn’t by far the only cryptocurrency on the market today. The number of cryptocurrencies on the market has grown steadily with over 4,000 listed on Coinmarketcap alone. But that doesn’t mean they’re all worth your time. Many, if not most, will not stand the test of time.
One way to judge the market’s interest in a cryptocurrency is its performance gains in the market. A cryptocurrency that is growing in value is definitely the one you might want to own. The best method for judging the market’s interest in a cryptocurrency is market capitalization. The cryptocurrency market is worth over $ 1,000 billion and growing, and most of that value centers around the top seven. Together, the 3,993 lowest cryptocurrencies represent only 12% of the market and have yet to prove lasting value.
See the “7 Cryptocurrencies That Lead the Market Higher”.