The stock of Hilltop Holdings Inc. (NYSE:HTH) hit a new 52-week high and has $46.15 target or 65.00% above today’s $27.97 share price. The 9 months bullish chart indicates low risk for the $2.83 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $46.15 price target is reached, the company will be worth $1.84B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 74,313 shares traded hands. Hilltop Holdings Inc. (NYSE:HTH) has risen 39.50% since April 19, 2016 and is uptrending. It has outperformed by 35.64% the S&P500.
Hilltop Holdings Inc. (NYSE:HTH) Ratings Coverage
Out of 3 analysts covering Hilltop Holdings (NYSE:HTH), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Hilltop Holdings has been the topic of 7 analyst reports since August 4, 2015 according to StockzIntelligence Inc. FBR Capital initiated it with “Market Perform” rating and $20.50 target price in Thursday, March 31 report. The firm earned “Mkt Perform” rating on Monday, October 31 by Keefe Bruyette & Woods. Raymond James downgraded the shares of HTH in a report on Thursday, December 17 to “Mkt Perform” rating. FBR Capital maintained Hilltop Holdings Inc. (NYSE:HTH) on Monday, September 12 with “Mkt Perform” rating. FBR Capital maintained it with “Mkt Perform” rating and $26 target price in Friday, October 28 report. The firm has “Overweight” rating given on Tuesday, August 4 by Piper Jaffray.
According to Zacks Investment Research, “Hilltop Holdings Inc. is a diversified financial holding company. The Company specializes in banking, mortgage origination, financial advisory and insurance through its wholly owned subsidiaries, PlainsCapital Corporation and National Lloyds Corporation. Through its wholly owned subsidiary, PlainsCapital Corporation it provides traditional banking services, residential mortgage lending, wealth and investment management, treasury management and capital equipment leasing. Through its other wholly owned subsidiary, National Lloyds Corporation, it provides property and casualty insurance. Hilltop Holdings Inc. is headquartered in Dallas, Texas.”
Insitutional Activity: The institutional sentiment increased to 1.02 in Q2 2016. Its up 0.10, from 0.92 in 2016Q1. The ratio is positive, as 11 funds sold all Hilltop Holdings Inc. shares owned while 51 reduced positions. 20 funds bought stakes while 37 increased positions. They now own 52.77 million shares or 2.12% more from 51.68 million shares in 2016Q1.
Moreover, Burgundy Asset Mngmt Limited has 0.36% invested in Hilltop Holdings Inc. (NYSE:HTH) for 1.73 million shares. Principal Fincl, a Iowa-based fund reported 10,025 shares. Ameriprise Financial has invested 0% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH). Hightower Advisors Ltd holds 0% or 11,864 shares in its portfolio. Panagora Asset Incorporated reported 2,497 shares or 0% of all its holdings. Rhumbline Advisers holds 0.01% of its portfolio in Hilltop Holdings Inc. (NYSE:HTH) for 97,060 shares. The New York-based First Manhattan has invested 0% in Hilltop Holdings Inc. (NYSE:HTH). Geode Cap Management Limited Liability last reported 0.01% of its portfolio in the stock. Da Davidson And accumulated 5,000 shares or 0% of the stock. Schwab Charles Invest Mngmt owns 261,084 shares or 0.01% of their US portfolio. Blackrock Institutional Trust Na holds 0.01% or 1.97M shares in its portfolio. Moreover, Renaissance Technology Limited Liability Com has 0% invested in Hilltop Holdings Inc. (NYSE:HTH) for 25,800 shares. Utd Finance Advisers Ltd Liability Corporation, a California-based fund reported 64,392 shares. First Tru Advsr L P has 55,363 shares for 0% of their US portfolio. Invesco Limited accumulated 58,350 shares or 0% of the stock.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 2 selling transactions for $237,785 net activity. On Tuesday, September 6 the insider Schaffner Jerry sold $111,778.
Another recent and important Hilltop Holdings Inc. (NYSE:HTH) news was published by Nasdaq.com which published an article titled: “Hilltop Holdings Reaches Analyst Target Price” on November 14, 2016.
HTH Company Profile
Hilltop Holdings Inc., incorporated on July 1, 1998, is a financial holding Company. The Firm provides business and consumer banking services from offices located throughout Texas through PlainsCapital Corporation (PlainsCapital or 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). The Company’s divisions include banking, broker-dealer, mortgage origination and insurance. The banking segment includes the activities of the Bank. The broker-dealer segment includes the activities of First Southwest Holdings, LLC (First Southwest), Hilltop Securities Inc. (Hilltop Securities) and Hilltop Securities Independent Network Inc. (HTS Independent Network). The mortgage origination segment operates through a subsidiary of the Bank, PrimeLending. The insurance segment consists of the activities of NLC.
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