Hilltop Holdings Inc. (HTH) Shares Gap Up to $20.68
Shares of Hilltop Holdings Inc. (NYSE:HTH) gapped up before the market opened on Thursday . The stock had previously closed at $20.61, but opened at $20.68. Hilltop Holdings shares last traded at $20.86, with a volume of 97,904 shares changing hands.
Several analysts have issued reports on the company. TheStreet raised Hilltop Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, March 30th. FBR & Co assumed coverage on Hilltop Holdings in a report on Thursday, March 31st. They set a “market perform” rating and a $20.50 price target for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $24.10.
The firm has a 50-day moving average price of $20.67 and a 200-day moving average price of $18.60. The firm has a market capitalization of $2.10 billion and a PE ratio of 17.05.
Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings data on Friday, April 29th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.05. During the same period in the previous year, the business earned $1.13 earnings per share.
In related news, CEO Jerry Schaffner sold 6,000 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $21.00, for a total value of $126,000.00. Following the completion of the transaction, the chief executive officer now owns 145,805 shares in the company, valued at approximately $3,061,905. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of institutional investors have recently modified their holdings of HTH. Dimensional Fund Advisors LP raised its position in shares of Hilltop Holdings by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,659,005 shares of the company’s stock worth $89,547,000 after buying an additional 82,045 shares during the period. Hodges Capital Management Inc. raised its position in shares of Hilltop Holdings by 16.8% in the fourth quarter. Hodges Capital Management Inc. now owns 1,367,580 shares of the company’s stock worth $26,285,000 after buying an additional 196,745 shares during the period. US Bancorp DE raised its position in shares of Hilltop Holdings by 11.6% in the fourth quarter. US Bancorp DE now owns 55,380 shares of the company’s stock worth $1,064,000 after buying an additional 5,774 shares during the period. Bragg Financial Advisors Inc raised its position in shares of Hilltop Holdings by 6.6% in the fourth quarter. Bragg Financial Advisors Inc now owns 94,697 shares of the company’s stock worth $1,820,000 after buying an additional 5,850 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Hilltop Holdings by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 631,334 shares of the company’s stock worth $12,134,000 after buying an additional 6,586 shares during the period.
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services through PlainsCapital Corporation (PlainsCapital). It offers financial products and services through its business units: PlainsCapital, a financial holding company that provides banking services, residential mortgage lending, wealth and investment management and treasury management; Hilltop Securities Holdings LLC, a holding company that provides investment banking and other related financial services, including municipal advisory, sales, trading and underwriting of taxable and tax-exempt fixed income securities, equity trading, clearing, securities lending, structured finance and retail brokerage services, and National Lloyds Corporation, a property and casualty insurance holding company that provides fire and homeowners insurance to low value dwellings and manufactured homes.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.