The stock of Hilltop Holdings Inc. (NYSE:HTH) hit a new 52-week high and has $30.62 target or 8.00% above today’s $28.35 share price. The 7 months bullish chart indicates low risk for the $2.82 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $30.62 price target is reached, the company will be worth $225.60 million 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 224,212 shares traded hands. Hilltop Holdings Inc. (NYSE:HTH) has risen 38.72% since April 28, 2016 and is uptrending. It has outperformed by 32.79% the S&P500.
Analysts await Hilltop Holdings Inc. (NYSE:HTH) to report earnings on February, 22. They expect $0.46 earnings per share, up 119.05% or $0.25 from last year’s $0.21 per share. HTH’s profit will be $45.76 million for 15.41 P/E if the $0.46 EPS becomes a reality. After $0.53 actual earnings per share 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. The company was downgraded on Wednesday, November 23 by Compass Point. As per Thursday, December 17, the company rating was downgraded by Raymond James. The firm has “Market Perform” rating by FBR Capital given on Thursday, March 31. The rating was maintained by Piper Jaffray on Tuesday, August 4 with “Overweight”. FBR Capital maintained Hilltop Holdings Inc. (NYSE:HTH) on Monday, September 12 with “Mkt Perform” rating. The rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform” on Monday, October 31. On Friday, October 28 the stock rating was maintained by FBR Capital with “Mkt Perform”.
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 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.
Deutsche Bancshares Ag last reported 54,394 shares in the company. Deere And holds 23,278 shares or 0.03% of its portfolio. Ubs Asset Mgmt Americas Incorporated reported 53,393 shares or 0% of all its holdings. Hightower Advsrs Ltd Limited Liability Company reported 11,864 shares or 0% of all its holdings. Scout Investments Inc has invested 0.07% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH). Moreover, Blackrock Investment Lc has 0.01% invested in Hilltop Holdings Inc. (NYSE:HTH) for 309,176 shares. Victory Cap Management last reported 4,435 shares in the company. The Minnesota-based Ameriprise Finance has invested 0% in Hilltop Holdings Inc. (NYSE:HTH). Panagora Asset Mgmt, a Massachusetts-based fund reported 2,497 shares. State Street Corp owns 1.63M shares or 0% of their US portfolio. Royal Bancorp Of Canada accumulated 5,675 shares or 0% of the stock. Geode Management Lc holds 0.01% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH) for 704,740 shares. First Manhattan has 0% invested in the company for 17,500 shares. Pnc Financial Group accumulated 0% or 444 shares. Mutual Of America Mgmt Lc last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 2 sales for $237,785 net activity. Schaffner Jerry sold 6,000 shares worth $126,007.
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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