UPDATE: Sterne Agee Initiates Hilltop Holdings at Buy on Favorable Growth Positioning
Sterne Agee initiated coverage of Hilltop Holdings (NYSE: HTH) with a Buy rating and a $15.25 price target.
Sterne Agee said, "In our view, HTH is a unique story given positioning in growth markets of Texas, favorable exposure to mortgage banking and C&I lending via a pending acquisition, and management with a highly successful track record in banking. The bottom line is we believe the combination of the PlainsCapital business mix and Hilltop's management history of execution bodes well for returns superior to the bank industry."
Hilltop Holdings closed at $12.78 on Monday.
Latest Ratings for HTH
|May 2015||Keefe Bruyette & Woods||Maintains||Outperform|
|Apr 2015||SunTrust Robinson Humphrey||Initiates Coverage on||Buy|
|Mar 2015||Macquarie||Initiates Coverage on||Outperform|
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