Price Action Report: What’s Ahead for Hilltop Holdings Inc. After Touching All-Time High?

Price Action Report: What's Ahead for Hilltop Holdings Inc. After Touching All Time High?

The stock of Hilltop Holdings Inc. (NYSE:HTH) reached all time high today, Nov, 30 and still has $30.80 target or 9.00% above today’s $28.26 share price. This indicates more upside for the $2.78B company. This technical setup was reported by Barchart.com. If the $30.80 PT is reached, the company will be worth $250.20 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 29,951 shares traded hands. Hilltop Holdings Inc. (NYSE:HTH) has risen 37.56% since April 27, 2016 and is uptrending. It has outperformed by 32.33% the S&P500.

Analysts await Hilltop Holdings Inc. (NYSE:HTH) to report earnings on February, 22. They expect $0.46 EPS, up 119.05% or $0.25 from last year’s $0.21 per share. HTH’s profit will be $45.25M for 15.36 P/E if the $0.46 EPS becomes a reality. After $0.53 actual EPS reported by Hilltop Holdings Inc. for the previous quarter, Wall Street now forecasts -13.21% negative EPS growth.

Hilltop Holdings Inc. (NYSE:HTH) Ratings Coverage

Out of 4 analysts covering Hilltop Holdings (NYSE:HTH), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. Hilltop Holdings has been the topic of 8 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Thursday, March 31, the company rating was initiated by FBR Capital. Raymond James downgraded the stock to “Mkt Perform” rating in Thursday, December 17 report. As per Wednesday, November 23, the company rating was downgraded by Compass Point. FBR Capital maintained Hilltop Holdings Inc. (NYSE:HTH) rating on Friday, October 28. FBR Capital has “Mkt Perform” rating and $26 price target. FBR Capital maintained the shares of HTH in a report on Monday, September 12 with “Mkt Perform” rating. On Monday, October 31 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. The firm earned “Overweight” rating 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 1.02 in Q2 2016. Its up 0.10, from 0.92 in 2016Q1. The ratio increased, 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.
Goldman Sachs Grp Inc last reported 0% of its portfolio in the stock. Rhumbline Advisers last reported 97,060 shares in the company. Lazard Asset Mngmt Limited Liability Company owns 300 shares or 0% of their US portfolio. Moreover, Raymond James And Assoc has 0% invested in Hilltop Holdings Inc. (NYSE:HTH) for 12,421 shares. Proshare Ltd Liability Corporation has 9,805 shares for 0% of their US portfolio. Susquehanna Gp Limited Liability Partnership last reported 48,498 shares in the company. Mutual Of America Lc holds 0% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH) for 2,025 shares. Geode Capital Limited Liability Corp, a Massachusetts-based fund reported 704,740 shares. Eqis Capital Mngmt has 10,240 shares for 0.01% of their US portfolio. Voya Invest Lc holds 0% or 35,337 shares in its portfolio. Bragg Advisors Incorporated has 0.66% invested in the company for 175,023 shares. Comml Bank Of America Corp De owns 357,900 shares or 0% of their US portfolio. D E Shaw & Company Inc holds 0% or 10,413 shares in its portfolio. Ameriprise Financial has invested 0% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH). First Personal Financial holds 0% or 485 shares in its portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 2 sales for $237,785 net activity. $126,007 worth of Hilltop Holdings Inc. (NYSE:HTH) shares were sold by Schaffner Jerry.

Another recent and important Hilltop Holdings Inc. (NYSE:HTH) news was published by Businesswire.com which published an article titled: “Hilltop Holdings Inc. Announces Third Quarter 2016 Earnings Conference Call …” on October 14, 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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