Hilltop Holdings Inc. (HTH) Sees Large Volume Increase
Shares of Hilltop Holdings Inc. (NYSE:HTH) saw unusually-high trading volume on Tuesday . Approximately 424,177 shares traded hands during trading, an increase of 46% from the previous session’s volume of 289,876 shares.The stock last traded at $22.29 and had previously closed at $22.18.
HTH has been the topic of a number of recent analyst reports. FBR & Co reiterated a “hold” rating and set a $20.50 target price on shares of Hilltop Holdings in a research note on Friday, July 29th. TheStreet cut Hilltop Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Zacks Investment Research upgraded Hilltop Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Hilltop Holdings from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.08.
The firm’s 50 day moving average is $21.98 and its 200 day moving average is $19.80. The company has a market cap of $2.20 billion and a PE ratio of 17.51.
Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.38 by $0.06. During the same quarter in the previous year, the business earned $0.30 earnings per share.
In related news, CEO Jerry Schaffner sold 6,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 145,805 shares of the company’s stock, valued at $3,061,905. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
An institutional investor recently raised its position in Hilltop Holdings stock. Wells Fargo & Company MN boosted its stake in Hilltop Holdings Inc. (NYSE:HTH) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 631,334 shares of the company’s stock after buying an additional 6,586 shares during the period. Wells Fargo & Company MN owned 0.64% of Hilltop Holdings worth $12,134,000 as of its most recent SEC filing.
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Corporation (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).
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