Hilltop Holdings Inc. (NYSE: HTH) Given the consensus recommendation to “hold” by brokerage firms


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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.

About Hilltop

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.

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