Rating Report: Compass Point Gives Hilltop Holdings (NYSE:HTH) Lower Rating. Lost Its “Buy” Rating

November 23, 2016 - By Ruchi Gupta

Rating Report: Compass Point Gives Hilltop Holdings (NYSE:HTH) Lower Rating. Lost Its

Hilltop Holdings (NYSE:HTH) Downgrade

New York-listed Hilltop Holdings (NYSE:HTH), was lowered by stock research analysts at Compass Point. Compass Point lowered its rating on the $2.80 billion market cap company to a “Neutral” from a previous “Buy”.

Hilltop Holdings Inc. (NYSE:HTH) Ratings Coverage

Out of 3 analysts covering Hilltop Holdings (NYSE:HTH), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $26 is the highest target while $20.50 is the lowest. The $25 average target is -10.87% below today’s ($28.05) stock price. Hilltop Holdings has been the topic of 7 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James to “Mkt Perform” on Thursday, December 17. The rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform” on Monday, October 31. The rating was maintained by Piper Jaffray with “Overweight” on Tuesday, August 4. As per Monday, September 12, the company rating was maintained by FBR Capital. On Thursday, March 31 the stock rating was initiated by FBR Capital with “Market Perform”. The firm has “Mkt Perform” rating given on Friday, October 28 by FBR Capital.

About 228,549 shares traded hands. Hilltop Holdings Inc. (NYSE:HTH) has risen 40.82% since April 21, 2016 and is uptrending. It has outperformed by 35.49% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.10, from 0.92 in 2016Q1. The ratio increased, as 11 funds sold all Hilltop Holdings Inc. shares owned while 51 reduced positions. 20 funds bought stakes while 37 increased positions. They now own 52.77 million shares or 2.12% more from 51.68 million shares in 2016Q1.

Teton Inc accumulated 0.15% or 80,000 shares. State Street, a Massachusetts-based fund reported 1.63M shares. Raymond James Associate has invested 0% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH). First Personal Fincl Svcs owns 485 shares or 0% of their US portfolio. California Employees Retirement System has 216,100 shares for 0.01% of their US portfolio. Blair William Company Il holds 10,001 shares or 0% of its portfolio. Manufacturers Life Ins Com The has 0% invested in the company for 51,515 shares. Ratan Cap Mngmt L P has 596,884 shares for 6.23% of their US portfolio. Utd Automobile Association last reported 488,000 shares in the company. Gabelli Funds Ltd holds 0.04% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH) for 335,000 shares. Goldman Sachs Gru holds 0% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH) for 80,550 shares. Stephens Invest Management Group Inc holds 0.86% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH) for 1.25 million shares. Blackrock holds 21,361 shares or 0% of its portfolio. Glenmede Na has 1.40 million shares for 0.18% of their US portfolio. Panagora Asset Mgmt, a Massachusetts-based fund reported 2,497 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 2 selling transactions for $237,785 net activity. $126,007 worth of Hilltop Holdings Inc. (NYSE:HTH) was sold by Schaffner Jerry on Monday, June 6.

Hilltop Holdings Inc. is a financial holding Company. The company has a market cap of $2.80 billion. The Firm provides business and consumer banking services from offices located throughout Texas through PlainsCapital Corporation . It has a 21.09 P/E ratio. It has three operating business units, which include PlainsCapital (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) and National Lloyds Corporation (NLC).

According to Zacks Investment Research, “Hilltop Holdings Inc. is a diversified financial holding company. The Company specializes in banking, mortgage origination, financial advisory and insurance through its wholly owned subsidiaries, PlainsCapital Corporation and National Lloyds Corporation. Through its wholly owned subsidiary, PlainsCapital Corporation it provides traditional banking services, residential mortgage lending, wealth and investment management, treasury management and capital equipment leasing. Through its other wholly owned subsidiary, National Lloyds Corporation, it provides property and casualty insurance. Hilltop Holdings Inc. is headquartered in Dallas, Texas.”

HTH Company Profile

Hilltop Holdings Inc., incorporated on July 1, 1998, is a financial holding Company. The Firm provides business and consumer banking services from offices located throughout Texas through PlainsCapital Corporation (PlainsCapital or 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). The Company’s divisions include banking, broker-dealer, mortgage origination and insurance. The banking segment includes the activities of the Bank. The broker-dealer segment includes the activities of First Southwest Holdings, LLC (First Southwest), Hilltop Securities Inc. (Hilltop Securities) and Hilltop Securities Independent Network Inc. (HTS Independent Network). The mortgage origination segment operates through a subsidiary of the Bank, PrimeLending. The insurance segment consists of the activities of NLC.

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