Hallmark Financial Services, Inc. (NASDAQ:HALL) has received an average broker rating score of 2.50 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.
Brokers have set a 12-month consensus price target of $13.00 for the company and are predicting that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also given Hallmark Financial Services an industry rank of 99 out of 255 based on the ratings given to related companies.
Several brokerages have recently weighed in on HALL. Zacks Investment Research upgraded shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Tuesday. ValuEngine upgraded shares of Hallmark Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Raymond James reiterated a “hold” rating and set a $13.00 price objective on shares of Hallmark Financial Services in a report on Monday, August 13th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Hallmark Financial Services in a report on Wednesday, August 8th.
Shares of HALL stock traded down $0.04 during trading hours on Friday, hitting $10.91. 13,600 shares of the company were exchanged, compared to its average volume of 25,670. The firm has a market cap of $197.92 million, a P/E ratio of -29.89 and a beta of 0.78. Hallmark Financial Services has a 1 year low of $8.62 and a 1 year high of $11.69. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.46 and a quick ratio of 0.46.
Hallmark Financial Services (NASDAQ:HALL) last announced its quarterly earnings data on Tuesday, August 7th. The insurance provider reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The business had revenue of $96.43 million for the quarter, compared to analyst estimates of $99.41 million. Hallmark Financial Services had a negative net margin of 1.67% and a negative return on equity of 0.69%. Analysts expect that Hallmark Financial Services will post 0.82 earnings per share for the current fiscal year.
Hallmark Financial Services Company Profile
Hallmark Financial Services, Inc, through its subsidiaries, underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates in the Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment markets, underwrites, finances, and services commercial lines of insurance products, including commercial automobile, general liability, commercial property, commercial excess liability, and commercial umbrella insurance products.
See Also: What are retained earnings?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hallmark Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hallmark Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.