Hilltop (NYSE:HTH) Price Target Cut to $34.00 by Analysts at Keefe, Bruyette & Woods

Hilltop (NYSE:HTH - Get Free Report) had its price target reduced by equities researchers at Keefe, Bruyette & Woods from $35.00 to $34.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 3.78% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on the stock. Raymond James cut shares of Hilltop from a "market perform" rating to an "underperform" rating in a report on Thursday, December 19th. StockNews.com raised Hilltop from a "sell" rating to a "hold" rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $34.00.

Hilltop Price Performance

NYSE HTH traded up $0.48 on Monday, hitting $32.76. 453,084 shares of the company were exchanged, compared to its average volume of 407,269. The firm has a market capitalization of $2.13 billion, a P/E ratio of 18.83 and a beta of 1.14. Hilltop has a twelve month low of $26.67 and a twelve month high of $35.32. The company's 50 day moving average price is $29.68 and its 200-day moving average price is $31.12.

Hilltop (NYSE:HTH - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.28 by $0.27. Hilltop had a net margin of 7.04% and a return on equity of 5.18%. As a group, equities analysts expect that Hilltop will post 1.48 EPS for the current year.

Insider Activity

In related news, CAO Keith E. Bornemann sold 2,500 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $32.00, for a total value of $80,000.00. Following the completion of the transaction, the chief accounting officer now owns 9,124 shares of the company's stock, valued at $291,968. This represents a 21.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 29.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hilltop

Several large investors have recently modified their holdings of HTH. Venturi Wealth Management LLC bought a new stake in Hilltop in the fourth quarter valued at $27,000. Sunbelt Securities Inc. bought a new stake in shares of Hilltop in the 3rd quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hilltop during the 3rd quarter worth about $49,000. KBC Group NV boosted its position in Hilltop by 64.0% in the fourth quarter. KBC Group NV now owns 2,621 shares of the financial services provider's stock valued at $75,000 after buying an additional 1,023 shares in the last quarter. Finally, FMR LLC grew its stake in Hilltop by 36.7% during the third quarter. FMR LLC now owns 3,296 shares of the financial services provider's stock worth $106,000 after buying an additional 885 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors.

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.