Zacks: Analysts Anticipate Hallmark Financial Services, Inc. (HALL) Will Announce Earnings of $0.25 Per Share

Zacks: Analysts Anticipate Hallmark Financial Services, Inc. (HALL) Will Announce Earnings of $0.25 Per Share

Brokerages forecast that Hallmark Financial Services, Inc. (NASDAQ:HALL) will announce earnings per share (EPS) of $0.25 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Hallmark Financial Services’ earnings. Hallmark Financial Services posted earnings of $0.21 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 19%. The business is scheduled to announce its next quarterly earnings report on Thursday, May 4th.

According to Zacks, analysts expect that Hallmark Financial Services will report full year earnings of $1.00 per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.15 per share. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Hallmark Financial Services.

A number of brokerages have recently issued reports on HALL. TheStreet lowered Hallmark Financial Services from a “b” rating to a “c” rating in a research report on Wednesday, April 5th. Zacks Investment Research raised Hallmark Financial Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 22nd.

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of Hallmark Financial Services by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 93,785 shares of the insurance provider’s stock worth $1,036,000 after buying an additional 1,041 shares during the period. Fenimore Asset Management Inc. raised its stake in shares of Hallmark Financial Services by 3.3% in the first quarter. Fenimore Asset Management Inc. now owns 658,193 shares of the insurance provider’s stock worth $7,273,000 after buying an additional 21,221 shares during the period. Teachers Advisors LLC raised its stake in shares of Hallmark Financial Services by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 38,509 shares of the insurance provider’s stock worth $448,000 after buying an additional 2,414 shares during the period. Franklin Resources Inc. raised its stake in shares of Hallmark Financial Services by 17.8% in the fourth quarter. Franklin Resources Inc. now owns 162,600 shares of the insurance provider’s stock worth $1,891,000 after buying an additional 24,600 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Hallmark Financial Services by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 202,600 shares of the insurance provider’s stock worth $2,356,000 after buying an additional 31,700 shares during the period. 64.67% of the stock is currently owned by institutional investors.

Hallmark Financial Services (NASDAQ:HALL) traded up 0.19% during mid-day trading on Monday, hitting $10.45. The company had a trading volume of 16,511 shares. The company’s 50 day moving average price is $10.74 and its 200-day moving average price is $10.97. The company has a market cap of $194.54 million, a PE ratio of 30.74 and a beta of 0.92. Hallmark Financial Services has a one year low of $9.50 and a one year high of $12.09.

Hallmark Financial Services Company Profile

Hallmark Financial Services, Inc is an insurance holding company. The Company markets, distributes, underwrites and services its property/casualty insurance products to businesses and individuals. Its business involves marketing, distributing, underwriting and servicing insurance products, as well as providing other insurance related services.

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