Wall Street analysts predict that Hallmark Financial Services, Inc. (NASDAQ:HALL) will announce $0.07 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Hallmark Financial Services’ earnings, with estimates ranging from ($0.03) to $0.17. Hallmark Financial Services reported earnings of ($0.52) per share in the same quarter last year, which would indicate a positive year over year growth rate of 113.5%. The business is expected to issue its next quarterly earnings report on Monday, March 11th.

On average, analysts expect that Hallmark Financial Services will report full year earnings of $0.80 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.90. For the next financial year, analysts expect that the business will report earnings of $1.03 per share, with EPS estimates ranging from $1.00 to $1.05. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Hallmark Financial Services.

Hallmark Financial Services (NASDAQ:HALL) last issued its earnings results on Friday, November 9th. The insurance provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. Hallmark Financial Services had a return on equity of 1.55% and a net margin of 1.22%. The business had revenue of $94.62 million during the quarter, compared to analyst estimates of $96.34 million.

A number of equities analysts have weighed in on the company. ValuEngine raised Hallmark Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Monday, October 22nd. TheStreet raised Hallmark Financial Services from a “c” rating to a “b” rating in a research report on Monday, November 12th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Hallmark Financial Services in a research report on Monday, November 12th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $12.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC increased its position in shares of Hallmark Financial Services by 55.3% during the 3rd quarter. Ancora Advisors LLC now owns 58,996 shares of the insurance provider’s stock valued at $649,000 after purchasing an additional 20,999 shares during the last quarter. Heartland Advisors Inc. purchased a new stake in shares of Hallmark Financial Services during the 3rd quarter valued at about $1,029,000. Pacific Ridge Capital Partners LLC increased its position in shares of Hallmark Financial Services by 6.3% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 135,230 shares of the insurance provider’s stock valued at $1,488,000 after purchasing an additional 8,020 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Hallmark Financial Services by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 289,900 shares of the insurance provider’s stock valued at $2,893,000 after purchasing an additional 24,000 shares during the last quarter. Finally, Boston Partners increased its position in shares of Hallmark Financial Services by 1.9% during the 2nd quarter. Boston Partners now owns 475,600 shares of the insurance provider’s stock valued at $4,746,000 after purchasing an additional 8,800 shares during the last quarter. 66.52% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:HALL traded up $0.18 during mid-day trading on Wednesday, reaching $10.81. The company’s stock had a trading volume of 25,000 shares, compared to its average volume of 25,857. Hallmark Financial Services has a 12-month low of $8.62 and a 12-month high of $11.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a market cap of $196.84 million, a price-to-earnings ratio of -29.35 and a beta of 0.69.

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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