Q3 2016 EPS Estimates for Hilltop Holdings Inc. (HTH) Boosted by FBR & Co
Hilltop Holdings Inc. (NYSE:HTH) – FBR & Co boosted their Q3 2016 earnings estimates for shares of Hilltop Holdings in a report released on Tuesday. FBR & Co analyst C. Nolan now expects that the brokerage will post earnings per share of $0.50 for the quarter, up from their prior estimate of $0.44. FBR & Co 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.
A number of other equities analysts also recently issued reports on HTH. Zacks Investment Research upgraded Hilltop Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. TheStreet downgraded Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Finally, Keefe, Bruyette & Woods increased their price objective on Hilltop Holdings from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Hilltop Holdings currently has an average rating of “Buy” and an average price target of $24.80.
Hilltop Holdings (NYSE:HTH) traded down 2.23% during trading on Thursday, reaching $22.79. 111,020 shares of the company’s stock were exchanged. The stock has a market cap of $2.24 billion, a PE ratio of 17.90 and a beta of 0.48. The firm has a 50 day moving average of $22.50 and a 200-day moving average of $21.08. Hilltop Holdings has a 12 month low of $14.28 and a 12 month high of $23.68.
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Hilltop Holdings (NYSE:HTH) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.06. Hilltop Holdings had a return on equity of 7.20% and a net margin of 7.58%. During the same quarter in the previous year, the company earned $0.30 EPS.
In other news, insider Jerry Schaffner sold 5,000 shares of the stock in a transaction on Tuesday, September 6th. The stock was 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 SEC, which is available through this link. 22.60% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Hilltop Holdings by 77.3% in the first quarter. BlackRock Inc. now owns 5,276 shares of the company’s stock worth $100,000 after buying an additional 2,301 shares in the last quarter. BlackRock Group LTD boosted its stake in Hilltop Holdings by 19.5% in the first quarter. BlackRock Group LTD now owns 52,518 shares of the company’s stock worth $991,000 after buying an additional 8,575 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Hilltop Holdings by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,977,158 shares of the company’s stock worth $37,329,000 after buying an additional 6,231 shares in the last quarter. Geode Capital Management LLC boosted its stake in Hilltop Holdings by 2.5% in the first quarter. Geode Capital Management LLC now owns 698,869 shares of the company’s stock worth $13,194,000 after buying an additional 17,020 shares in the last quarter. Finally, HBK Investments L P boosted its stake in Hilltop Holdings by 30.8% in the first quarter. HBK Investments L P now owns 34,395 shares of the company’s stock worth $649,000 after buying an additional 8,095 shares in the last quarter. 53.89% of the stock is currently owned by hedge funds and other institutional investors.
Hilltop Holdings Company Profile
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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