Hilltop (NYSE:HTH) Rating Increased to Market Perform at Raymond James

Hilltop (NYSE:HTH) was upgraded by Raymond James from an “underperform” rating to a “market perform” rating in a research note issued to investors on Wednesday,Finviz reports.

Separately, Keefe, Bruyette & Woods cut their price target on Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a research note on Monday, February 3rd.

Hilltop Stock Down 0.3 %

HTH stock opened at $30.37 on Wednesday. The business has a 50-day simple moving average of $30.97 and a 200 day simple moving average of $30.90. Hilltop has a 52 week low of $26.67 and a 52 week high of $35.32. The company has a market cap of $1.97 billion, a PE ratio of 17.45 and a beta of 1.14.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.27. Hilltop had a return on equity of 5.18% and a net margin of 7.04%. On average, analysts anticipate that Hilltop will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new stake in shares of Hilltop in the 3rd quarter valued at $29,000. Venturi Wealth Management LLC purchased a new stake in shares of Hilltop in the fourth quarter worth approximately $27,000. Sterling Capital Management LLC lifted its stake in Hilltop by 827.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,493 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,332 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hilltop during the third quarter valued at about $49,000. Finally, KBC Group NV boosted its stake in shares of Hilltop by 64.0% in the 4th quarter. KBC Group NV now owns 2,621 shares of the financial services provider’s stock worth $75,000 after buying an additional 1,023 shares during the last quarter. 57.13% of the stock is owned by institutional investors and hedge funds.

Hilltop Company Profile

Hilltop Holdings Inc provides business and consumer banking services. It operates through three segments: Banking, Broker-Dealer, and Mortgage Origination. The 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, term, agricultural and commercial real estate, equipment loans, and other lending products; and mortgage, commercial and industrial loans, and term and construction finance.