Hilltop Holdings (HTH) was Reiterated by FBR Capital to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 24 from a previous price target of $20.50 . FBR Capital advised their investors in a research report released on Sep 12, 2016.
On the company’s financial health, Hilltop Holdings reported $0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.39.Analysts expectations of $ 414.12.During the same quarter in the previous year, the company posted $0.30 EPS.
Hilltop Holdings opened for trading at $22.29 and hit $22.76 on the upside on Wednesday, eventually ending the session at $22.6, with a gain of 1.30% or 0.29 points. The heightened volatility saw the trading volume jump to 320,483 shares. Company has a market cap of $2,226 M.
In a different news, on Sep 7, 2016, Jerry Schaffner (PlainsCapital Bank Pres & CEO) sold 5,000 shares at $22.36 per share price. According to the SEC, on Nov 25, 2015, Alan B White (PlainsCapital Corporation CEO) sold 15,000 shares at $21.99 per share price. On Nov 20, 2015, Hill A Feinberg (First Southwest Holdings CEO) sold 25,000 shares at $21.54 per share price, according to the Form-4 filing with the securities and exchange commission.
Hilltop Holdings Inc. is a financial holding Company. The Company provides business and consumer banking services through PlainsCapital Corporation (PlainsCapital). It offers financial products and services through its business units: PlainsCapital a financial holding company that provides banking services residential mortgage lending wealth and investment management and treasury management; Hilltop Securities Holdings LLC a holding company that provides investment banking and other related financial services including municipal advisory sales trading and underwriting of taxable and tax-exempt fixed income securities equity trading clearing securities lending structured finance and retail brokerage services and National Lloyds Corporation a property and casualty insurance holding company that provides fire and homeowners insurance to low value dwellings and manufactured homes. It operates in four segments: banking broker-dealer mortgage origination and insurance.