Wall Street analysts expect that Hallmark Financial Services, Inc. (NASDAQ:HALL) will report earnings per share of $0.07 for the current quarter, Zacks reports. Two analysts have provided estimates for Hallmark Financial Services’ earnings. The lowest EPS estimate is ($0.03) and the highest is $0.17. Hallmark Financial Services posted earnings of ($0.52) per share in the same quarter last year, which indicates a positive year over year growth rate of 113.5%. The business is expected to issue its next earnings report on Monday, March 11th.
According to Zacks, analysts expect that Hallmark Financial Services will report full year earnings of $0.80 per share for the current year, with EPS estimates ranging from $0.70 to $0.90. For the next year, analysts forecast that the business will report earnings of $1.03 per share, with EPS estimates ranging from $1.00 to $1.05. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Hallmark Financial Services.
Hallmark Financial Services (NASDAQ:HALL) last announced its quarterly earnings data on Friday, November 9th. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. The firm had revenue of $94.62 million during the quarter, compared to analysts’ expectations of $96.34 million. Hallmark Financial Services had a net margin of 1.22% and a return on equity of 1.55%.
HALL has been the subject of a number of analyst reports. Raymond James reissued a “hold” rating and issued a $13.00 price objective on shares of Hallmark Financial Services in a research note on Monday, August 13th. ValuEngine raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Zacks Investment Research cut shares of Hallmark Financial Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Boenning Scattergood reaffirmed a “hold” rating on shares of Hallmark Financial Services in a research note on Monday, November 12th. Finally, TheStreet raised shares of Hallmark Financial Services from a “c” rating to a “b” rating in a research note on Monday, November 12th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Hallmark Financial Services currently has an average rating of “Hold” and an average price target of $12.50.
Shares of NASDAQ HALL opened at $10.90 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.45 and a quick ratio of 0.45. The firm has a market capitalization of $200.27 million, a PE ratio of -29.46 and a beta of 0.69. Hallmark Financial Services has a 1 year low of $8.62 and a 1 year high of $11.58.
A number of institutional investors and hedge funds have recently bought and sold shares of HALL. Intrepid Capital Management Inc. grew its stake in Hallmark Financial Services by 100.4% during the second quarter. Intrepid Capital Management Inc. now owns 979,797 shares of the insurance provider’s stock valued at $9,778,000 after acquiring an additional 490,924 shares in the last quarter. Heartland Advisors Inc. purchased a new position in Hallmark Financial Services during the third quarter valued at $1,029,000. Renaissance Technologies LLC grew its stake in Hallmark Financial Services by 9.0% during the second quarter. Renaissance Technologies LLC now owns 289,900 shares of the insurance provider’s stock valued at $2,893,000 after acquiring an additional 24,000 shares in the last quarter. Ancora Advisors LLC grew its stake in Hallmark Financial Services by 55.3% during the third quarter. Ancora Advisors LLC now owns 58,996 shares of the insurance provider’s stock valued at $649,000 after acquiring an additional 20,999 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Hallmark Financial Services by 2.9% during the second quarter. Russell Investments Group Ltd. now owns 583,380 shares of the insurance provider’s stock valued at $5,822,000 after acquiring an additional 16,600 shares in the last quarter. 66.52% of the stock is owned by institutional investors.
About Hallmark Financial Services
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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