Hilltop Holdings Inc. (NYSE:HTH) has received an average rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $30.17.

Several research firms have recently weighed in on HTH. Zacks Investment Research raised shares of Hilltop from a “sell” rating to a “hold” rating and set a $30.00 price target for the company in a research note on Wednesday, January 10th. Stephens downgraded shares of Hilltop from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 29th. ValuEngine raised shares of Hilltop from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $30.00 price target on shares of Hilltop in a research note on Sunday, January 28th.

Shares of Hilltop (NYSE HTH) opened at $23.98 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.99. Hilltop has a 12 month low of $21.47 and a 12 month high of $29.54. The firm has a market cap of $2,353.48, a P/E ratio of 14.86 and a beta of 1.09.

Hilltop (NYSE:HTH) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Hilltop had a net margin of 7.74% and a return on equity of 8.48%. The firm had revenue of $399.15 million during the quarter, compared to the consensus estimate of $390.05 million. sell-side analysts expect that Hilltop will post 2.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be paid a $0.07 dividend. This is an increase from Hilltop’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, February 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.17%. Hilltop’s payout ratio is 17.78%.

Hilltop declared that its Board of Directors has approved a share repurchase program on Thursday, January 25th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

In other Hilltop news, Director Gerald J. Ford acquired 10,000 shares of Hilltop stock in a transaction that occurred on Friday, December 22nd. The stock was bought at an average price of $25.08 per share, with a total value of $250,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 22.50% of the company’s stock.

A number of large investors have recently modified their holdings of HTH. Zions Bancorporation bought a new position in Hilltop in the third quarter worth approximately $109,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Hilltop during the fourth quarter worth $202,000. Victory Capital Management Inc. increased its position in shares of Hilltop by 34.7% during the third quarter. Victory Capital Management Inc. now owns 8,939 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 2,301 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Hilltop during the second quarter worth $241,000. Finally, Principal Financial Group Inc. increased its position in shares of Hilltop by 2.1% during the second quarter. Principal Financial Group Inc. now owns 9,246 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 186 shares in the last quarter. 56.27% of the stock is owned by institutional investors.

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About Hilltop

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).

Analyst Recommendations for Hilltop (NYSE:HTH)

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