Stock On Watch: What’s Next for Hilltop Holdings Inc. After Making 52-Week High?

Stock On Watch: What's Next for Hilltop Holdings Inc. After Making 52 Week High?

The stock of Hilltop Holdings Inc. (NYSE:HTH) hit a new 52-week high and has $34.30 target or 36.00% above today’s $25.22 share price. The 8 months bullish chart indicates low risk for the $2.48 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $34.30 price target is reached, the company will be worth $892.80M 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 114,748 shares traded hands. Hilltop Holdings Inc. (NYSE:HTH) has risen 36.91% since April 7, 2016 and is uptrending. It has outperformed by 32.13% the S&P500.

Hilltop Holdings Inc. (NYSE:HTH) Ratings Coverage

Out of 3 analysts covering Hilltop Holdings (NYSE:HTH), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Hilltop Holdings has been the topic of 7 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Mkt Perform” rating on Thursday, December 17 by Raymond James. FBR Capital maintained the stock with “Mkt Perform” rating in Monday, September 12 report. Keefe Bruyette & Woods downgraded the shares of HTH in a report on Monday, October 31 to “Mkt Perform” rating. FBR Capital maintained it with “Mkt Perform” rating and $26 target price in Friday, October 28 report. FBR Capital initiated Hilltop Holdings Inc. (NYSE:HTH) on Thursday, March 31 with “Market Perform” rating. The firm has “Overweight” rating given on Tuesday, August 4 by Piper Jaffray.

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.
Bank Of New York Mellon Corp holds 0% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH) for 363,339 shares. Gamco Invsts Et Al has 230,150 shares for 0.03% of their US portfolio. The United Kingdom-based Blackrock Grp Limited has invested 0% in Hilltop Holdings Inc. (NYSE:HTH). Sei Invests holds 0% or 3 shares in its portfolio. Pnc Fin Grp accumulated 0% or 444 shares. Blair William Il owns 10,001 shares or 0% of their US portfolio. Gabelli Funds Limited Liability accumulated 0.04% or 335,000 shares. Gotham Asset Management Limited Liability Company last reported 148,175 shares in the company. Rhumbline Advisers has 97,060 shares for 0.01% of their US portfolio. Regions Corp, a Alabama-based fund reported 68,557 shares. Moreover, Susquehanna Int Llp has 0% invested in Hilltop Holdings Inc. (NYSE:HTH) for 48,498 shares. The Illinois-based Hightower Lc has invested 0% in Hilltop Holdings Inc. (NYSE:HTH). Da Davidson & Co owns 5,000 shares or 0% of their US portfolio. Legal General Grp Public Limited Com has 0% invested in the company for 20,673 shares. Wfg L P last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 2 sales for $237,785 net activity. Schaffner Jerry had sold 5,000 shares worth $111,778 on Tuesday, September 6.

More important recent Hilltop Holdings Inc. (NYSE:HTH) news were published by: Businesswire.com which released: “Hilltop Holdings Named One of Fortune’s 100 Fastest-Growing Companies for 2016” on November 07, 2016, also Businesswire.com published article titled: “Hilltop Holdings Inc. Announces Third Quarter 2016 Earnings Conference Call …”, Businesswire.com published: “Hilltop Holdings Inc. Announces Financial Results for Third Quarter 2016” on October 27, 2016. More interesting news about Hilltop Holdings Inc. (NYSE:HTH) was released by: Reuters.com and their article: “BRIEF-Hilltop Holdings Inc announces Financial Results for Q2 2016” with publication date: July 27, 2016.

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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