Hilltop Holdings Inc. (HTH) Rating Lowered to Hold at Zacks Investment Research
Hilltop Holdings Inc. (NYSE:HTH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Hilltop Holdings’ shares have outperformed the Zacks categorized Southeast Banks industry, year to date. The company is expected to continue witnessing organic growth, driven by improving loan and deposit balances. Further, given its strong balance sheet, the company is well poised to grow through acquisitions. Also, the company’s capital deployment activities through share repurchases and initiation of dividend payments are commendable. Nevertheless, the company remains exposed to catastrophic events and rising expenses. Moreover, margin pressure is likely to continue unless there is improvement in the interest rate scenario.”
HTH has been the topic of a number of other reports. FBR & Co upped their target price on Hilltop Holdings from $20.50 to $24.00 and gave the company a “hold” rating in a research report on Monday, September 12th. Keefe, Bruyette & Woods lowered Hilltop Holdings from an “outperform” rating to a “market perform” rating and upped their target price for the company from $24.00 to $25.00 in a research report on Monday, October 31st. Finally, Compass Point lowered Hilltop Holdings from a “buy” rating to a “neutral” rating and upped their target price for the company from $28.00 to $28.50 in a research report on Wednesday, November 23rd. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Hilltop Holdings currently has a consensus rating of “Hold” and a consensus target price of $27.10.
Hilltop Holdings (NYSE:HTH) opened at 28.09 on Tuesday. The company has a 50-day moving average of $25.43 and a 200-day moving average of $22.60. Hilltop Holdings has a 52-week low of $14.28 and a 52-week high of $28.42. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 21.15 and a beta of 0.38.
Hilltop Holdings (NYSE:HTH) last released its quarterly earnings results on Friday, October 28th. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. Hilltop Holdings had a return on equity of 7.35% and a net margin of 7.68%. During the same period in the previous year, the firm posted $0.47 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, November 10th. Hilltop Holdings’s dividend payout ratio is currently 17.91%.
ILLEGAL ACTIVITY NOTICE: “Hilltop Holdings Inc. (HTH) Rating Lowered to Hold at Zacks Investment Research” was reported by Financial Market News and is the sole property of of Financial Market News. If you are viewing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The original version of this piece can be accessed at http://www.financial-market-news.com/hilltop-holdings-inc-hth-rating-lowered-to-hold-at-zacks-investment-research/1212138/.
In related news, insider Jerry Schaffner sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $25.00, for a total transaction of $62,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 22.60% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in Hilltop Holdings by 1.1% in the third quarter. Principal Financial Group Inc. now owns 10,135 shares of the company’s stock valued at $228,000 after buying an additional 110 shares in the last quarter. Rothschild Asset Management Inc. raised its stake in shares of Hilltop Holdings by 0.3% in the third quarter. Rothschild Asset Management Inc. now owns 80,501 shares of the company’s stock valued at $1,808,000 after buying an additional 230 shares in the last quarter. Scout Investments Inc. raised its stake in shares of Hilltop Holdings by 0.3% in the third quarter. Scout Investments Inc. now owns 119,200 shares of the company’s stock valued at $2,677,000 after buying an additional 300 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Hilltop Holdings by 1.9% in the second quarter. BlackRock Advisors LLC now owns 36,602 shares of the company’s stock valued at $768,000 after buying an additional 666 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Hilltop Holdings by 1.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 55,921 shares of the company’s stock valued at $1,174,000 after buying an additional 671 shares in the last quarter. 52.93% of the stock is currently owned by institutional investors and hedge funds.
About Hilltop Holdings
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Corporation (the Bank). It has three operating business units, which include PlainsCapital (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) and National Lloyds Corporation (NLC).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hilltop Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilltop Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.