Market Overview

UPDATE: Sterne Agee Reiterates Hilltop Holdings at Buy Following 10-K Release

Share:
Related HTH
Mid-Afternoon Market Update: American Public Education Rises Following Q4 Results; PTC Therapeutics Shares Fall
Mid-Day Market Update: Dow Jumps Over 250 Points; Rockwell Medical Shares Decline On Weak Q4 Results

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

DateFirmActionFromTo
Mar 2016FBR CapitalInitiates Coverage onMarket Perform
Jan 2016Piper JaffrayMaintainsOverweight
Dec 2015Raymond JamesDowngradesOutperformMarket Perform

View More Analyst Ratings for HTH
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Reiteration Analyst Ratings

 

Related Articles (HTH)

View Comments and Join the Discussion!