Hilltop Holdings price target raised to $32 from $31 at Stephens

Stephens analyst Matt Olney raised the firm’s price target on Hilltop Holdings to $32 from $31 and keeps an Equal Weight rating on the shares. The company’s Q3 results were highlighted by steady performance in the broker/dealer segment, which offset continued pressure in the mortgage segment, the analyst tells investors. Stephens is “encouraged” that NIM was resilient and credit was stable when core loan balances contracted.