Sterne Agee maintained Hilltop Holdings 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in