Hilltop Holdings Inc. (NYSE:HTH) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 812,900 shares, a growth of 13.9% from the January 15th total of 713,600 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 410,000 shares, the short-interest ratio is presently 2.0 days.
Shares of Hilltop stock opened at $22.24 on Friday. The stock has a fifty day simple moving average of $23.97 and a 200 day simple moving average of $23.98. Hilltop has a 12-month low of $16.71 and a 12-month high of $26.28. The company has a market capitalization of $2.02 billion, a P/E ratio of 9.15 and a beta of 0.83. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.03.
Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $410.56 million for the quarter, compared to analysts’ expectations of $400.55 million. Hilltop had a return on equity of 10.99% and a net margin of 12.37%. During the same period last year, the business earned $0.30 EPS. On average, analysts predict that Hilltop will post 1.85 EPS for the current year.
Several hedge funds have recently made changes to their positions in HTH. Tower Research Capital LLC TRC grew its position in Hilltop by 627.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,302 shares of the financial services provider’s stock valued at $32,000 after buying an additional 1,123 shares during the period. CFM Wealth Partners LLC purchased a new stake in Hilltop during the fourth quarter worth about $40,000. Garrett Wealth Advisory Group LLC purchased a new stake in Hilltop during the third quarter worth about $86,000. Great West Life Assurance Co. Can bought a new stake in Hilltop in the fourth quarter worth about $134,000. Finally, C M Bidwell & Associates Ltd. raised its position in Hilltop by 26.3% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 5,505 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 1,145 shares during the period. Institutional investors own 63.57% of the company’s stock.
HTH has been the topic of several recent research reports. Stephens dropped their price target on shares of Hilltop from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. ValuEngine upgraded Hilltop from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $23.50.
Hilltop Company Profile
Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.
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