Analysts expect Hallmark Financial Services, Inc. (NASDAQ:HALL) to announce $0.20 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Hallmark Financial Services’ earnings. Hallmark Financial Services posted earnings of $0.24 per share in the same quarter last year, which suggests a negative year over year growth rate of 16.7%. The company is scheduled to report its next earnings report on Tuesday, May 14th.

On average, analysts expect that Hallmark Financial Services will report full year earnings of $1.10 per share for the current year, with EPS estimates ranging from $1.05 to $1.15. For the next fiscal year, analysts anticipate that the company will report earnings of $1.35 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Hallmark Financial Services.

Hallmark Financial Services (NASDAQ:HALL) last announced its quarterly earnings results on Tuesday, March 5th. The insurance provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.21. Hallmark Financial Services had a net margin of 2.73% and a return on equity of 7.14%. The firm had revenue of $96.16 million during the quarter, compared to analysts’ expectations of $88.20 million.

HALL has been the subject of a number of research reports. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Friday, January 4th. ValuEngine cut shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. TheStreet cut shares of Hallmark Financial Services from a “b” rating to a “c+” rating in a research report on Wednesday, January 16th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Hallmark Financial Services in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $12.50.

Hallmark Financial Services stock traded up $0.06 during trading on Friday, reaching $11.06. 21,610 shares of the company’s stock were exchanged, compared to its average volume of 28,624. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.34. Hallmark Financial Services has a 52-week low of $9.37 and a 52-week high of $11.58. The stock has a market cap of $200.44 million, a price-to-earnings ratio of 10.95 and a beta of 0.61.

In other Hallmark Financial Services news, Director Scott T. Berlin sold 4,900 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $10.52, for a total value of $51,548.00. Following the completion of the transaction, the director now directly owns 5,100 shares of the company’s stock, valued at approximately $53,652. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Scott T. Berlin sold 9,750 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $10.50, for a total transaction of $102,375.00. Following the completion of the transaction, the director now directly owns 5,100 shares of the company’s stock, valued at $53,550. The disclosure for this sale can be found here. 29.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of HALL. Dimensional Fund Advisors LP boosted its position in Hallmark Financial Services by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,517,062 shares of the insurance provider’s stock valued at $16,688,000 after buying an additional 12,223 shares during the last quarter. Renaissance Technologies LLC boosted its position in Hallmark Financial Services by 6.8% in the 3rd quarter. Renaissance Technologies LLC now owns 309,500 shares of the insurance provider’s stock valued at $3,405,000 after buying an additional 19,600 shares during the last quarter. Bank of Montreal Can boosted its position in Hallmark Financial Services by 0.7% in the 4th quarter. Bank of Montreal Can now owns 597,907 shares of the insurance provider’s stock valued at $6,392,000 after buying an additional 4,303 shares during the last quarter. Rhumbline Advisers boosted its position in Hallmark Financial Services by 35.6% in the 4th quarter. Rhumbline Advisers now owns 21,333 shares of the insurance provider’s stock valued at $228,000 after buying an additional 5,598 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Hallmark Financial Services in the 4th quarter valued at about $45,000. 65.65% 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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Earnings History and Estimates for Hallmark Financial Services (NASDAQ:HALL)

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