Hallmark Financial Services, Inc. (HALL) Receives Average Rating of “Hold” from Analysts

Hallmark Financial Services, Inc. (NASDAQ:HALL) has earned a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Zacks has also given Hallmark Financial Services an industry rank of 45 out of 265 based on the ratings given to related companies.

HALL has been the subject of several research reports. Zacks Investment Research downgraded shares of Hallmark Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Boenning Scattergood initiated coverage on shares of Hallmark Financial Services in a report on Tuesday, January 9th. They set a “neutral” rating for the company.

Shares of Hallmark Financial Services (NASDAQ HALL) traded down $0.14 during trading on Friday, reaching $10.23. 14,400 shares of the company traded hands, compared to its average volume of 34,933. The company has a market cap of $188.30, a P/E ratio of -39.34 and a beta of 0.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.43 and a quick ratio of 0.43. Hallmark Financial Services has a one year low of $9.91 and a one year high of $11.83.

Hallmark Financial Services (NASDAQ:HALL) last released its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.10). Hallmark Financial Services had a negative net margin of 1.19% and a negative return on equity of 0.42%. analysts anticipate that Hallmark Financial Services will post 0.09 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its holdings in shares of Hallmark Financial Services by 73.3% during the 3rd quarter. Wells Fargo & Company MN now owns 13,921 shares of the insurance provider’s stock valued at $161,000 after purchasing an additional 5,889 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of Hallmark Financial Services during the 2nd quarter valued at about $190,000. Hancock Holding Co. boosted its holdings in shares of Hallmark Financial Services by 12.1% during the 2nd quarter. Hancock Holding Co. now owns 17,572 shares of the insurance provider’s stock valued at $198,000 after purchasing an additional 1,900 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Hallmark Financial Services by 11.2% during the 2nd quarter. Alliancebernstein L.P. now owns 18,800 shares of the insurance provider’s stock valued at $212,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Hallmark Financial Services by 6.8% during the 2nd quarter. Teachers Advisors LLC now owns 27,951 shares of the insurance provider’s stock valued at $315,000 after buying an additional 1,769 shares in the last quarter. 64.97% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Hallmark Financial Services, Inc. (HALL) Receives Average Rating of “Hold” from Analysts” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.americanbankingnews.com/2018/01/19/hallmark-financial-services-inc-hall-receives-average-rating-of-hold-from-analysts.html.

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.

Get a free copy of the Zacks research report on Hallmark Financial Services (HALL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hallmark Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hallmark Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply