Hilltop Holdings Stock Price Down 6.7% Following Weak Earnings (HTH)
Hilltop Holdings (NYSE:HTH) dropped 6.7% during mid-day trading on Tuesday after the company announced weaker than expected quarterly earnings, ARN reports. The stock traded as low as $21.07 and last traded at $21.19, with a volume of 226,029 shares traded. The stock had previously closed at $22.72.
The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.03.
HTH has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Hilltop Holdings in a research note on Tuesday. They now have a $24.00 price target on the stock. Separately, analysts at Stephens raised their price target on shares of Hilltop Holdings from $28.00 to $29.00 in a research note on Friday, April 4th. Finally, analysts at Raymond James raised their price target on shares of Hilltop Holdings from $27.00 to $29.00 in a research note on Thursday, April 3rd.
The stock’s 50-day moving average is $23.4 and its 200-day moving average is $22.70. The company has a market cap of $1.965 billion and a price-to-earnings ratio of 16.28. Hilltop Holdings also saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,107,039 shares, a growth of 79.5% from the March 31st total of 1,173,703 shares. Based on an average daily volume of 460,379 shares, the days-to-cover ratio is presently 4.6 days. Currently, 3.1% of the shares of the company are short sold.
Hilltop Holdings Inc (NYSE:HTH) is a holding company.
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