UPDATE: Sterne Agee Reiterates Hilltop Holdings at Buy Following 10-K Release
Sterne Agee maintained Hilltop Holdings (NYSE: HTH) with a Buy rating and a $16.50 price target.
Sterne Agee analyst Brett Rabatin wrote, "We continue to believe HTH's valuation should migrate closer to Texas bank peers over the next several quarters. Visibility of earning power should be higher in 1Q13 and is a primary catalyst in our view. Despite some concern about mortgage bank earnings, we consider HTH particularly attractive in a bank stock market of 13-14x FY14 estimates for SMID banks vs. 9x for HTH."
Hilltop Holdings closed at $13.11 on Friday.
Latest Ratings for HTH
|Jun 2015||SunTrust Robinson Humphrey||Maintains||Buy|
|Jun 2015||Piper Jaffray||Initiates Coverage on||Overweight|
|Jun 2015||Compass Point||Initiates Coverage on||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.