<h2>希尔托普控股：近期表现快照</h2>
<p>希尔托普控股（HTH）最近的收盘价约为 36.29 美元，过去一个月股价下跌约 2%，过去三个月下跌约 8%。</p>
<p>尽管出现了回调，但该股票在过去一年内的总回报约为 20%，过去三年约为 25%，年初至今的表现接近 7%。</p>
<p>请查看我们对希尔托普控股的最新分析。</p>
<p>近期股价疲软，90 天股价回报下降 7.6%，与希尔托普控股一年期的总股东回报 20.3% 形成对比。这表明长期持有者仍然获得了回报。</p>
<p>如果希尔托普的混合动能让你考虑将新资本投入到其他地方，现在可能是扫描 19 家顶级创始人领导公司的好时机。</p>
<p>由于近期回报混合，分析师目标略高于当前的 36.29 美元股价，而一些估值模型显示出溢价，你不得不问：这里还有买入机会吗，还是未来的增长已经被定价？</p>
<h2>最受欢迎的叙述：低估 8.5%</h2>
<p>希尔托普控股最受关注的叙述指出每股公允价值约为 39.67 美元，而最近的收盘价约为 36.29 美元。这意味着该股票的交易价格低于该公允价值估计，而分析师保持目标不变。</p>
<blockquote>
<p><em>德克萨斯州及整个阳光带的贷款持续增长和强劲需求，得益于人口增长和稳健的经济条件，预计将推动贷款量和经常性收入的增加，因为希尔托普的贷款管道保持健康，商业贷款的管道持续扩展。向数字金融服务的持续转变使希尔托普能够获得运营效率并降低运营成本，管理层专注于进一步的数字投资和改善客户分析，从而在未来提高效率比率和扩大净利润率。</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>好奇为什么温和的收入增长、较低的利润率和更高的未来收益倍数仍然能加起来形成 8.5% 的折扣？该叙述详细阐述了依赖于较慢的收入增长、较低的收益和未来几年的较高市盈率的路径，所有这些都经过 8.07% 的折扣率过滤。完整的故事将这些动态因素结合成一个超越简单股价图表的估值图景。</p>
<p><strong>结果：公允价值为 39.67 美元（低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，投资者仍应关注希尔托普对德克萨斯州住房和抵押贷款发放的高度依赖，以及可能对贷款增长和利润率施加压力的竞争加剧。</p>
<p>了解希尔托普控股叙述的关键风险。</p>
<h2>另一种角度：估值比率描绘不同的图景</h2>
<p>对 39.67 美元公允价值的 8.5% 折扣依赖于希尔托普未来以更高市盈率交易的想法。然而，目前该股票的市盈率约为 13.2 倍，而公允比率为 8.5 倍，美国银行业为 11.2 倍，同行平均为 13.9 倍，这表明价格较高。那么这真的是错误定价，还是仅仅是对质量和收入的适度溢价，可能会朝两个方向波动？</p>
<p>查看数字对该价格的看法——在我们的估值分析中了解更多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9aa213b6-8d83-4e9f-88d4-cec4c593ac05/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA1LTE2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1640" height="650" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9aa213b6-8d83-4e9f-88d4-cec4c593ac05/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA1LTE2"/></p>
<p>截至 2026 年 5 月的纽约证券交易所：HTH 市盈率</p>
<h2>下一步</h2>
<p>如果这种上行和担忧的混合感觉微妙平衡，请不要等太久来自己权衡。根据 3 个关键收益和 2 个重要警告信号独立评估该股票。</p>
<h2>寻找更多投资想法？</h2>
<p>如果希尔托普只是你观察名单上的一部分，现在是扩大搜索范围并排队更多值得关注的候选人的时刻。</p>
<ul>
<li>寻找结合质量和吸引定价的企业，查看 50 只高质量低估股票，看看哪些股票目前看起来被错误定价。</li>
<li>通过检查稳健的资产负债表和基本面股票筛选器（45 个结果）来优先考虑韧性，以免被薄弱的财务基础所震惊。</li>
<li>通过扫描包含 22 个高质量未被发现的宝石的筛选器，提前发现机会，保持潜在未来表现优异者在你的雷达上。</li>
</ul>
<p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 对提到的任何股票没有持仓。</em></p>
<h3>估值复杂，但我们在这里简化它。</h3>
<p>通过我们的详细分析，发现希尔托普控股可能被低估或高估，内容包括 <strong>公允价值估计、潜在风险、股息、内部交易及其财务状况。</strong></p>
<p>获取免费分析</p>

希尔托普控股

<p>希尔托普控股（Hilltop Holdings，HTH）目前的交易价格为 36.29 美元，过去一个月下跌了 2%，过去三个月下跌了 8%，但过去一年总回报率为 20%。分析师建议的公允价值为 39.67 美元，表明该股票被低估了 8.5%。德克萨斯州的贷款和数字服务的增长可能推动未来的收入，但投资者应对竞争和市场压力保持谨慎。该股票的市盈率为 13.2 倍，高于行业平均水平，这引发了对其估值的质疑</p>

<h2>Hilltop Holdings: Recent Performance Snapshot</h2>
<div class="lb-trans"><h2>希尔托普控股：近期表现快照</h2>
</div><p>Hilltop Holdings (HTH) has been trading around its recent close of US$36.29, with the stock down about 2% over the past month and roughly 8% over the past 3 months.</p>
<div class="lb-trans"><p>希尔托普控股（HTH）最近的收盘价约为 36.29 美元，过去一个月股价下跌约 2%，过去三个月下跌约 8%。</p>
</div><p>Despite this pullback, the stock shows a total return of about 20% over the past year and around 25% over the past 3 years, with year-to-date performance near 7%.</p>
<div class="lb-trans"><p>尽管出现了回调，但该股票在过去一年内的总回报约为 20%，过去三年约为 25%，年初至今的表现接近 7%。</p>
</div><p>See our latest analysis for Hilltop Holdings.</p>
<div class="lb-trans"><p>请查看我们对希尔托普控股的最新分析。</p>
</div><p>Recent share price weakness, with the 90 day share price return down 7.6%, contrasts with Hilltop Holdings’ 1 year total shareholder return of 20.3%. This suggests that longer term holders have still been rewarded.</p>
<div class="lb-trans"><p>近期股价疲软，90 天股价回报下降 7.6%，与希尔托普控股一年期的总股东回报 20.3% 形成对比。这表明长期持有者仍然获得了回报。</p>
</div><p>If Hilltop’s mixed momentum has you thinking about where else to put fresh capital to work, this could be a good moment to scan 19 top founder-led companies</p>
<div class="lb-trans"><p>如果希尔托普的混合动能让你考虑将新资本投入到其他地方，现在可能是扫描 19 家顶级创始人领导公司的好时机。</p>
</div><p>With recent returns mixed, analyst targets sitting modestly above the current US$36.29 share price, and some valuation models indicating a premium, you have to ask: is there still a buying opportunity here, or is future growth already priced in?</p>
<div class="lb-trans"><p>由于近期回报混合，分析师目标略高于当前的 36.29 美元股价，而一些估值模型显示出溢价，你不得不问：这里还有买入机会吗，还是未来的增长已经被定价？</p>
</div><h2>Most Popular Narrative: 8.5% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：低估 8.5%</h2>
</div><p>Hilltop Holdings' most followed narrative points to a fair value of about $39.67 per share, compared with the recent close around $36.29. This implies the stock is trading below that fair value estimate while analysts keep their target unchanged.</p>
<div class="lb-trans"><p>希尔托普控股最受关注的叙述指出每股公允价值约为 39.67 美元，而最近的收盘价约为 36.29 美元。这意味着该股票的交易价格低于该公允价值估计，而分析师保持目标不变。</p>
</div><blockquote>
<p><em>Continuing growth and strong demand for loans in Texas and across the Sun Belt, fueled by population gains and robust economic conditions, are expected to drive increases in lending volume and recurring revenue streams as Hilltop's loan pipeline remains healthy and pipelines in commercial lending continue to expand. The ongoing shift toward digital financial services allows Hilltop to gain operational efficiencies and lower operating costs, as management focuses on further digital investments and improving customer analytics, leading to better efficiency ratios and expanded net margins over time.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>德克萨斯州及整个阳光带的贷款持续增长和强劲需求，得益于人口增长和稳健的经济条件，预计将推动贷款量和经常性收入的增加，因为希尔托普的贷款管道保持健康，商业贷款的管道持续扩展。向数字金融服务的持续转变使希尔托普能够获得运营效率并降低运营成本，管理层专注于进一步的数字投资和改善客户分析，从而在未来提高效率比率和扩大净利润率。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Curious how modest revenue growth, slimmer margins and a higher future earnings multiple can still add up to an 8.5% discount? The narrative sets out a detailed path relying on slower top line expansion, lower earnings and a richer P/E several years out, all filtered through an 8.07% discount rate. The full story joins those moving parts into one valuation picture that goes well beyond a simple share price chart.</p>
<div class="lb-trans"><p>好奇为什么温和的收入增长、较低的利润率和更高的未来收益倍数仍然能加起来形成 8.5% 的折扣？该叙述详细阐述了依赖于较慢的收入增长、较低的收益和未来几年的较高市盈率的路径，所有这些都经过 8.07% 的折扣率过滤。完整的故事将这些动态因素结合成一个超越简单股价图表的估值图景。</p>
</div><p><strong>Result: Fair Value of $39.67 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 39.67 美元（低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, investors should still keep an eye on Hilltop’s heavy exposure to Texas housing and mortgage origination, as well as rising competition that could pressure loan growth and margins.</p>
<div class="lb-trans"><p>然而，投资者仍应关注希尔托普对德克萨斯州住房和抵押贷款发放的高度依赖，以及可能对贷款增长和利润率施加压力的竞争加剧。</p>
</div><p>Find out about the key risks to this Hilltop Holdings narrative.</p>
<div class="lb-trans"><p>了解希尔托普控股叙述的关键风险。</p>
</div><h2>Another Angle: Valuation Ratios Paint A Different Picture</h2>
<div class="lb-trans"><h2>另一种角度：估值比率描绘不同的图景</h2>
</div><p>That 8.5% discount to the $39.67 fair value hinges on the idea that Hilltop trades on a richer P/E in future. Right now though, the stock changes hands at about 13.2x earnings, compared with a fair ratio of 8.5x, the US Banks industry at 11.2x, and peer average of 13.9x, which points to a fuller price. So is this really a mispricing, or just a modest premium for quality and income that could swing either way?</p>
<div class="lb-trans"><p>对 39.67 美元公允价值的 8.5% 折扣依赖于希尔托普未来以更高市盈率交易的想法。然而，目前该股票的市盈率约为 13.2 倍，而公允比率为 8.5 倍，美国银行业为 11.2 倍，同行平均为 13.9 倍，这表明价格较高。那么这真的是错误定价，还是仅仅是对质量和收入的适度溢价，可能会朝两个方向波动？</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字对该价格的看法——在我们的估值分析中了解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9aa213b6-8d83-4e9f-88d4-cec4c593ac05/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA1LTE2" alt="" original-src="https://images.simplywall.st/company/9aa213b6-8d83-4e9f-88d4-cec4c593ac05/chart/pe-multiple-vs-industry?date=2026-05-16"/></p>
<p>NYSE:HTH P/E Ratio as at May 2026</p>
<div class="lb-trans"><p>截至 2026 年 5 月的纽约证券交易所：HTH 市盈率</p>
</div><h2>Next Steps</h2>
<div class="lb-trans"><h2>下一步</h2>
</div><p>If this mix of upside and concern feels finely balanced, do not wait too long to weigh it up for yourself. Assess the stock on its own terms using 3 key rewards and 2 important warning signs</p>
<div class="lb-trans"><p>如果这种上行和担忧的混合感觉微妙平衡，请不要等太久来自己权衡。根据 3 个关键收益和 2 个重要警告信号独立评估该股票。</p>
</div><h2>Looking for more investment ideas?</h2>
<div class="lb-trans"><h2>寻找更多投资想法？</h2>
</div><p>If Hilltop is just one piece of your watchlist, this is the moment to widen your search and line up a few more candidates worth your attention.</p>
<div class="lb-trans"><p>如果希尔托普只是你观察名单上的一部分，现在是扩大搜索范围并排队更多值得关注的候选人的时刻。</p>
</div><ul>
<li>Hunt for businesses that combine quality and attractive pricing with the 50 high quality undervalued stocks to see which stocks currently look mispriced.</li>
<li>Prioritise resilience by checking the solid balance sheet and fundamentals stocks screener (45 results) so you are not caught off guard by weak financial foundations.</li>
<li>Spot early opportunities before the crowd by scanning the screener containing 22 high quality undiscovered gems and keep potential future outperformers on your radar.</li>
</ul>
<div class="lb-trans"><ul>
<li>寻找结合质量和吸引定价的企业，查看 50 只高质量低估股票，看看哪些股票目前看起来被错误定价。</li>
<li>通过检查稳健的资产负债表和基本面股票筛选器（45 个结果）来优先考虑韧性，以免被薄弱的财务基础所震惊。</li>
<li>通过扫描包含 22 个高质量未被发现的宝石的筛选器，提前发现机会，保持潜在未来表现优异者在你的雷达上。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 对提到的任何股票没有持仓。</em></p>
</div><h3>Valuation is complex, but we're here to simplify it.</h3>
<div class="lb-trans"><h3>估值复杂，但我们在这里简化它。</h3>
</div><p>Discover if Hilltop Holdings might be undervalued or overvalued with our detailed analysis, featuring <strong>fair value estimates, potential risks, dividends, insider trades, and its financial condition.</strong></p>
<div class="lb-trans"><p>通过我们的详细分析，发现希尔托普控股可能被低估或高估，内容包括 <strong>公允价值估计、潜在风险、股息、内部交易及其财务状况。</strong></p>
</div><p>Access Free Analysis</p>
<div class="lb-trans"><p>获取免费分析</p>
</div>

在近期股价表现参差不齐之后，希尔托普控股（HTH）的估值分析