Analysts Expect Hallmark Financial Services, Inc. (NASDAQ:HALL) Will Post Earnings of $0.31 Per Share

Wall Street brokerages expect Hallmark Financial Services, Inc. (NASDAQ:HALL) to post earnings per share of $0.31 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Hallmark Financial Services’ earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.32. Hallmark Financial Services posted earnings per share of $0.23 in the same quarter last year, which would suggest a positive year over year growth rate of 34.8%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Hallmark Financial Services will report full year earnings of $1.43 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.50. For the next year, analysts anticipate that the firm will report earnings of $1.60 per share. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Hallmark Financial Services.

HALL has been the topic of a number of analyst reports. ValuEngine downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. TheStreet upgraded Hallmark Financial Services from a “c” rating to a “b” rating in a research note on Wednesday, May 29th. Zacks Investment Research upgraded Hallmark Financial Services from a “hold” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, August 14th. BidaskClub upgraded Hallmark Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 30th. Finally, Boenning Scattergood upgraded Hallmark Financial Services from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $13.00 to $14.00 in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $16.67.

Shares of NASDAQ:HALL traded down $0.25 during trading on Wednesday, reaching $16.98. The company had a trading volume of 102,800 shares, compared to its average volume of 53,011. The firm has a market capitalization of $311.72 million, a price-to-earnings ratio of 16.81 and a beta of 0.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.51 and a quick ratio of 0.51. The stock’s fifty day moving average price is $15.24 and its 200 day moving average price is $12.31. Hallmark Financial Services has a fifty-two week low of $9.48 and a fifty-two week high of $18.10.

In other Hallmark Financial Services news, CEO Naveen Anand purchased 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of $16.38 per share, for a total transaction of $106,470.00. Following the completion of the purchase, the chief executive officer now directly owns 77,400 shares in the company, valued at $1,267,812. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 28.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of HALL. Vanguard Group Inc. boosted its position in Hallmark Financial Services by 29.7% during the second quarter. Vanguard Group Inc. now owns 945,386 shares of the insurance provider’s stock worth $13,453,000 after purchasing an additional 216,369 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in Hallmark Financial Services during the second quarter worth $2,135,000. BlackRock Inc. boosted its position in Hallmark Financial Services by 14.5% during the second quarter. BlackRock Inc. now owns 942,492 shares of the insurance provider’s stock worth $13,412,000 after purchasing an additional 119,387 shares in the last quarter. Renaissance Technologies LLC boosted its position in Hallmark Financial Services by 32.1% during the second quarter. Renaissance Technologies LLC now owns 417,015 shares of the insurance provider’s stock worth $5,934,000 after purchasing an additional 101,359 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in Hallmark Financial Services during the second quarter worth $922,000. Institutional investors own 60.88% of the company’s stock.

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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Earnings History and Estimates for Hallmark Financial Services (NASDAQ:HALL)

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