Hilltop (NYSE:HTH) Upgraded by Raymond James to “Market Perform” Rating

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

Separately, Keefe, Bruyette & Woods lowered their price objective on shares of Hilltop from $35.00 to $34.00 and set a “market perform” rating on the stock in a report on Monday, February 3rd.

Hilltop Trading Down 0.3 %

HTH stock opened at $30.37 on Wednesday. The stock has a 50-day moving average price of $30.97 and a two-hundred day moving average price of $30.90. Hilltop has a 1 year low of $26.67 and a 1 year high of $35.32. The stock has a market cap of $1.97 billion, a PE ratio of 17.45 and a beta of 1.14.

Hilltop (NYSE:HTH) last posted its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 forecast that Hilltop will post 1.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its holdings in shares of Hilltop by 85.4% in the 4th quarter. Ameriprise Financial Inc. now owns 797,987 shares of the financial services provider’s stock valued at $22,846,000 after buying an additional 367,564 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Hilltop by 90.5% during the 3rd quarter. Janus Henderson Group PLC now owns 592,138 shares of the financial services provider’s stock worth $19,043,000 after purchasing an additional 281,230 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Hilltop by 116.0% in the 4th quarter. Nuveen Asset Management LLC now owns 322,583 shares of the financial services provider’s stock valued at $9,236,000 after purchasing an additional 173,245 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Hilltop in the fourth quarter valued at approximately $3,978,000. Finally, State Street Corp boosted its position in Hilltop by 4.4% during the third quarter. State Street Corp now owns 2,568,227 shares of the financial services provider’s stock worth $82,594,000 after purchasing an additional 107,348 shares during the period. 57.13% of the stock is currently owned by institutional investors.

About Hilltop

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.