Hatteras Financial Corp (NYSE:HTS) at $16.27: How much higher it can go

Hatteras Financial Corp (HTS) down -0.31 per cent in the past week, is under coverage of 7 analysts who collectively recommend a hold rating on stock. 2 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 8 equity analysts who rate the stock have an average target price at $16.2, with individual targets ranging between $11.75 and $20. The shares closed last trade at $16.27, implying that analysts see shares falling about -0.43 per cent in 12 months’ time.

Insider Activity: Insiders look optimistic about the prospects of the company that they seem to accumulate shares while they are 27.66 up so far this year. A Director at Hatteras Financial Corp (HTS) purchased shares in the company in a transaction completed on Thursday November 14, 2013. Kawaller Ira G accumulated 400 shares in the company at an average price of $17.14 and ended up spending $6,860 in the investment. Kawaller Ira G now have 16,620 shares in the company after this transaction. A President and COO in the company, Hough Benjamin M, on Wednesday November 13, 2013 spent $202,560 from the purchase of 12,000 shares at $17.14 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings Roundup: In the last fiscal quarter alone, Hatteras Financial Corp generated around $48.39M in revenue and net income of $0.38/share. That compares with the consensus estimate $52.04M and $0.44/share, respectively.

Analyst Coverage: Ladenburg Thalmann has been a brokerage house following shares of Hatteras Financial Corp (HTS), so its rating change is noteworthy. The stock was downgraded to Neutral from Buy, wrote analysts at Ladenburg Thalmann, in a note issued to clients on Tuesday April 12, 2016. There was another key note issued by Wells Fargo on Friday January 15, 2016. The firm lowered its rating on HTS from Outperform to Market Perform.

Price Momentum: Despite the 0.31% increase in value, the stock’s new closing price represents a -2.28% fall in value from company’s one year high of $17.83. The stock is currently holding above its 50 day moving average of $3.07 and above its 200 day moving average of $16.17. Over the last three months and over the last six months, the shares of Hatteras Financial Corp (HTS), have changed 16.02% and 14.22%, respectively.

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