Analysts Expect Hallmark Financial Services, Inc. (HALL) to Announce $0.20 Earnings Per Share

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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.

Hedge funds have recently made changes to their positions in the company. ZPR Investment Management raised its holdings in Hallmark Financial Services by 112.1% in the first quarter. ZPR Investment Management now owns 37,574 shares of the insurance provider’s stock valued at $335,000 after buying an additional 19,859 shares during the period. Renaissance Technologies LLC raised its holdings in Hallmark Financial Services by 9.0% in the second quarter. Renaissance Technologies LLC now owns 289,900 shares of the insurance provider’s stock valued at $2,893,000 after buying an additional 24,000 shares during the period. Boston Partners raised its holdings in Hallmark Financial Services by 1.9% in the second quarter. Boston Partners now owns 475,600 shares of the insurance provider’s stock valued at $4,746,000 after buying an additional 8,800 shares during the period. Russell Investments Group Ltd. raised its holdings in Hallmark Financial Services by 3.0% in the first quarter. Russell Investments Group Ltd. now owns 566,780 shares of the insurance provider’s stock valued at $5,056,000 after buying an additional 16,459 shares during the period. Finally, Bank of Montreal Can raised its holdings in Hallmark Financial Services by 0.8% in the third quarter. Bank of Montreal Can now owns 593,604 shares of the insurance provider’s stock valued at $6,530,000 after buying an additional 4,606 shares during the period. Institutional investors and hedge funds own 66.08% of the company’s stock.

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.

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