Today’s Market Runner: After Reaching 52-Week High, Is Hilltop Holdings Inc.’s Near-Term Analysis Positive?

Today's Market Runner: After Reaching 52 Week High, Is Hilltop Holdings Inc.'s Near Term Analysis Positive?

The stock of Hilltop Holdings Inc. (NYSE:HTH) hit a new 52-week high and has $36.20 target or 48.00% above today’s $24.46 share price. The 5 months bullish chart indicates low risk for the $2.41 billion company. The 1-year high was reported on Oct, 28 by Barchart.com. If the $36.20 price target is reached, the company will be worth $1.16 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 197,574 shares traded hands. Hilltop Holdings Inc. (NYSE:HTH) has risen 33.10% since March 28, 2016 and is uptrending. It has outperformed by 28.39% the S&P500.

Analysts await Hilltop Holdings Inc. (NYSE:HTH) to report earnings on November, 7. They expect $0.51 earnings per share, up 8.51% or $0.04 from last year’s $0.47 per share. HTH’s profit will be $50.25 million for 11.99 P/E if the $0.51 EPS becomes a reality. After $0.32 actual earnings per share reported by Hilltop Holdings Inc. for the previous quarter, Wall Street now forecasts 59.38% EPS growth.

Hilltop Holdings Inc. (NYSE:HTH) Ratings Coverage

Out of 2 analysts covering Hilltop Holdings (NYSE:HTH), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $24 is the highest target while $20.50 is the lowest. The $24 average target is -1.88% below today’s ($24.46) stock price. Hilltop Holdings has been the topic of 5 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Raymond James downgraded the stock to “Mkt Perform” rating in Thursday, December 17 report. FBR Capital initiated the shares of HTH in a report on Thursday, March 31 with “Market Perform” rating. FBR Capital maintained it with “Mkt Perform” rating and $24 target price in Monday, September 12 report. The firm has “Overweight” rating by Piper Jaffray given on Tuesday, August 4.

According to Zacks Investment Research, “Hilltop Holdings Inc. is a diversified financial holding company. The Company specializes in banking, mortgage origination, financial advisory and insurance through its wholly owned subsidiaries, PlainsCapital Corporation and National Lloyds Corporation. Through its wholly owned subsidiary, PlainsCapital Corporation it provides traditional banking services, residential mortgage lending, wealth and investment management, treasury management and capital equipment leasing. Through its other wholly owned subsidiary, National Lloyds Corporation, it provides property and casualty insurance. Hilltop Holdings Inc. is headquartered in Dallas, Texas.”

Insitutional Activity: The institutional sentiment increased to 0.92 in 2016 Q2. Its up 0.22, from 0.7 in 2016Q1. The ratio improved, as 11 funds sold all Hilltop Holdings Inc. shares owned while 51 reduced positions. 20 funds bought stakes while 37 increased positions. They now own 52.77 million shares or 2.12% more from 51.68 million shares in 2016Q1.
Strs Ohio has 0% invested in the company for 50,600 shares. M&T Savings Bank Corp holds 0% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH) for 17,376 shares. Scout Investments, a Missouri-based fund reported 118,900 shares. The Texas-based Ray Gerald L Associates Limited has invested 0.05% in Hilltop Holdings Inc. (NYSE:HTH). Morgan Stanley has invested 0% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH). Keeley Asset Mngmt holds 2.11M shares or 1.84% of its portfolio. Dreman Value Mgmt L L C last reported 0.01% of its portfolio in the stock. California Pub Employees Retirement Systems has 0.01% invested in the company for 216,100 shares. Cfo4life L P owns 10,000 shares or 0.18% of their US portfolio. Moreover, Victory Cap Mgmt has 0% invested in Hilltop Holdings Inc. (NYSE:HTH) for 4,435 shares. Ftb Advsrs holds 0% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH) for 118 shares. Hilltop Inc accumulated 0.09% or 12,815 shares. Hightower Advsr accumulated 11,864 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 1,576 shares in its portfolio. Goldman Sachs has invested 0% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH).

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 2 insider sales for $237,785 net activity. The insider Schaffner Jerry sold $126,007.

More recent Hilltop Holdings Inc. (NYSE:HTH) news were published by: Businesswire.com which released: “Hilltop Holdings Inc. Announces Financial Results for Third Quarter 2016” on October 27, 2016. Also Businesswire.com published the news titled: “Hilltop Holdings Inc. Announces Third Quarter 2016 Earnings Conference Call …” on October 14, 2016. Streetinsider.com‘s news article titled: “Form 8-K Hilltop Holdings Inc. For: Oct 27” with publication date: October 27, 2016 was also an interesting one.

HTH Company Profile

Hilltop Holdings Inc., incorporated on July 1, 1998, is a financial holding Company. The Firm provides business and consumer banking services from offices located throughout Texas through PlainsCapital Corporation (PlainsCapital or the Bank). It has three operating business units, which include PlainsCapital (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) and National Lloyds Corporation (NLC). The Company’s divisions include banking, broker-dealer, mortgage origination and insurance. The banking segment includes the activities of the Bank. The broker-dealer segment includes the activities of First Southwest Holdings, LLC (First Southwest), Hilltop Securities Inc. (Hilltop Securities) and Hilltop Securities Independent Network Inc. (HTS Independent Network). The mortgage origination segment operates through a subsidiary of the Bank, PrimeLending. The insurance segment consists of the activities of NLC.

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