Q3 2016 EPS Estimates for Hilltop Holdings Inc. (HTH) Boosted by FBR & Co
Hilltop Holdings Inc. (NYSE:HTH) – Equities researchers at FBR & Co lifted their Q3 2016 EPS estimates for Hilltop Holdings in a research report issued on Tuesday. FBR & Co analyst C. Nolan now expects that the firm will post earnings of $0.50 per share for the quarter, up from their prior forecast of $0.44. FBR & Co currently has a “Hold” rating and a $24.00 price target on the stock. FBR & Co also issued estimates for Hilltop Holdings’ FY2016 earnings at $1.58 EPS.
HTH has been the topic of several other research reports. Keefe, Bruyette & Woods raised their price target on shares of Hilltop Holdings from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Zacks Investment Research upgraded shares of Hilltop Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, TheStreet lowered shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Hilltop Holdings has a consensus rating of “Buy” and an average target price of $24.80.
Shares of Hilltop Holdings (NYSE:HTH) traded down 2.23% on Thursday, reaching $22.79. The company’s stock had a trading volume of 111,020 shares. Hilltop Holdings has a 1-year low of $14.28 and a 1-year high of $23.68. The stock has a 50-day moving average of $22.50 and a 200 day moving average of $21.08. The stock has a market capitalization of $2.24 billion, a PE ratio of 17.90 and a beta of 0.48.
Hilltop Holdings (NYSE:HTH) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.06. Hilltop Holdings had a net margin of 7.58% and a return on equity of 7.20%. During the same period last year, the company earned $0.30 earnings per share.
A number of hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Hilltop Holdings by 86.0% in the third quarter. BNP Paribas Arbitrage SA now owns 7,163 shares of the company’s stock worth $161,000 after buying an additional 3,312 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Hilltop Holdings by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 261,084 shares of the company’s stock worth $5,481,000 after buying an additional 4,662 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of Hilltop Holdings during the second quarter worth $258,000. Legal & General Group Plc boosted its stake in shares of Hilltop Holdings by 26.9% in the second quarter. Legal & General Group Plc now owns 20,673 shares of the company’s stock worth $430,000 after buying an additional 4,380 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Hilltop Holdings by 1.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 55,921 shares of the company’s stock worth $1,174,000 after buying an additional 671 shares during the last quarter. Hedge funds and other institutional investors own 53.89% of the company’s stock.
In other news, insider Jerry Schaffner sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $22.36, for a total value of $111,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 22.60% of the stock is currently owned by insiders.
About Hilltop Holdings
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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