Founders Capital Management maintained its position in Hilltop Holdings Inc. (NYSE:HTH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,310 shares of the financial services provider’s stock at the end of the second quarter. Founders Capital Management’s holdings in Hilltop Holdings were worth $113,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hilltop Holdings by 93.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,648 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,760 shares during the last quarter. First Interstate Bank raised its position in Hilltop Holdings by 50.1% in the first quarter. First Interstate Bank now owns 3,895 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,300 shares during the last quarter. Victory Capital Management Inc. raised its position in Hilltop Holdings by 32.9% in the first quarter. Victory Capital Management Inc. now owns 5,644 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,398 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Hilltop Holdings during the first quarter worth approximately $178,000. Finally, Airain ltd acquired a new position in Hilltop Holdings during the first quarter worth approximately $232,000. 55.79% of the stock is owned by institutional investors and hedge funds.
Shares of Hilltop Holdings Inc. (NYSE:HTH) traded down 0.39% on Thursday, hitting $25.74. The stock had a trading volume of 27,995 shares. The company has a 50-day moving average of $26.05 and a 200-day moving average of $27.13. The company has a market cap of $2.54 billion, a P/E ratio of 17.55 and a beta of 1.03. Hilltop Holdings Inc. has a 52-week low of $21.04 and a 52-week high of $30.60.
Hilltop Holdings (NYSE:HTH) last announced its earnings results on Tuesday, April 25th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.07. Hilltop Holdings had a net margin of 8.33% and a return on equity of 7.81%. The business had revenue of $363.54 million for the quarter, compared to analysts’ expectations of $393.23 million. During the same quarter last year, the firm earned $0.28 EPS. On average, equities analysts anticipate that Hilltop Holdings Inc. will post $1.64 EPS for the current fiscal year.
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A number of research analysts have commented on the company. Zacks Investment Research lowered Hilltop Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 16th. Stephens set a $31.00 price target on Hilltop Holdings and gave the company a “buy” rating in a research report on Monday, June 26th. Piper Jaffray Companies lowered Hilltop Holdings from an “overweight” rating to a “neutral” rating and set a $30.00 price target for the company. in a research report on Wednesday, May 10th. BidaskClub raised Hilltop Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, ValuEngine raised Hilltop Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.08.
In other Hilltop Holdings news, CEO Alan B. White sold 95,844 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $28.04, for a total transaction of $2,687,465.76. Following the completion of the transaction, the chief executive officer now owns 238,085 shares in the company, valued at $6,675,903.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jerry Schaffner sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $25.14, for a total value of $188,550.00. The disclosure for this sale can be found here. Insiders have sold 206,369 shares of company stock valued at $5,607,917 in the last 90 days. Company insiders own 22.60% of the company’s stock.
About Hilltop Holdings
Hilltop Holdings Inc is a financial holding Company. The Company provides business and consumer banking services from offices located throughout Texas through PlainsCapital Bank (the Bank). It has three operating business units, which include PlainsCapital Corporation (PCC) (banking and mortgage origination), Hilltop Securities Holdings LLC (Securities Holdings) (broker-dealer) and PlainsCapital Company (NLC) (insurance).
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