Trading Report: The Q3 2016 EPS Estimates for Hilltop Holdings Inc. Lifted by FBR & Co (HTH)

The Q3 2016 EPS Estimates for Hilltop Holdings Inc. Lifted by FBR & Co (HTH)

Hilltop Holdings Inc. (NYSE:HTH) – FBR & Co lifted their Q3 2016 earnings per share estimates for Hilltop Holdings in a note issued to investors on Tuesday. FBR & Co analyst C. Nolan now anticipates that the firm 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 objective on the stock. FBR & Co also issued estimates for Hilltop Holdings’ FY2016 earnings at $1.58 EPS.

Hilltop Holdings (NYSE:HTH) last issued its earnings results on Thursday, July 28th. The company reported $0.32 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 business earned $0.30 EPS.

HTH has been the topic of several other reports. Zacks Investment Research upgraded shares of Hilltop Holdings from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Thursday. Keefe, Bruyette & Woods boosted their target price on shares of Hilltop Holdings from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Finally, TheStreet lowered shares of Hilltop Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $25.00.

Hilltop Holdings (NYSE:HTH) opened at 23.15 on Thursday. The stock’s 50 day moving average is $22.55 and its 200-day moving average is $21.13. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 18.19 and a beta of 0.48. Hilltop Holdings has a 12 month low of $14.28 and a 12 month high of $23.68.

In other Hilltop Holdings 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 transaction of $111,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 22.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised 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 during the period. BNP Paribas Arbitrage SA raised its stake in 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 period. Hsbc Holdings PLC acquired a new stake in Hilltop Holdings during the second quarter worth about $210,000. KCG Holdings Inc. acquired a new stake in Hilltop Holdings during the second quarter worth about $211,000. Finally, Teacher Retirement System of Texas raised its stake in Hilltop Holdings by 19.8% in the second quarter. Teacher Retirement System of Texas now owns 10,974 shares of the company’s stock worth $230,000 after buying an additional 1,817 shares during the period. Institutional investors own 53.89% of the company’s stock.

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