Hallmark Financial Services, Inc. (HALL) Expected to Post Earnings of $0.20 Per Share

Wall Street brokerages expect that Hallmark Financial Services, Inc. (NASDAQ:HALL) will report earnings of $0.20 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hallmark Financial Services’ earnings. The highest EPS estimate is $0.25 and the lowest is $0.14. Hallmark Financial Services posted earnings per share of $0.01 during the same quarter last year, which would suggest a positive year over year growth rate of 1,900%. The company is expected to issue its next quarterly earnings report on Monday, August 6th.

According to Zacks, analysts expect that Hallmark Financial Services will report full-year earnings of $0.75 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.90. For the next year, analysts expect that the firm will post earnings of $1.00 per share, with EPS estimates ranging from $0.95 to $1.05. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Hallmark Financial Services.

Hallmark Financial Services (NASDAQ:HALL) last posted its earnings results on Tuesday, May 8th. The insurance provider reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. Hallmark Financial Services had a negative net margin of 3.90% and a negative return on equity of 2.45%. The firm had revenue of $97.14 million for the quarter, compared to analysts’ expectations of $97.08 million.

HALL has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. ValuEngine raised shares of Hallmark Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, April 12th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Hallmark Financial Services in a report on Tuesday, March 13th.

In related news, insider Jeffrey R. Passmore sold 18,498 shares of Hallmark Financial Services stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $9.94, for a total value of $183,870.12. Following the sale, the insider now owns 25,498 shares of the company’s stock, valued at approximately $253,450.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Naveen Anand purchased 10,600 shares of the stock in a transaction that occurred on Wednesday, March 14th. The stock was bought at an average cost of $9.34 per share, for a total transaction of $99,004.00. Following the acquisition, the chief executive officer now directly owns 70,900 shares in the company, valued at approximately $662,206. The disclosure for this purchase can be found here. Insiders own 29.30% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in shares of Hallmark Financial Services by 73.3% in the 3rd quarter. Wells Fargo & Company MN now owns 13,921 shares of the insurance provider’s stock worth $161,000 after purchasing an additional 5,889 shares during the period. Stone Ridge Asset Management LLC bought a new stake in Hallmark Financial Services during the 4th quarter valued at $305,000. ZPR Investment Management raised its holdings in Hallmark Financial Services by 112.1% during the 1st quarter. ZPR Investment Management now owns 37,574 shares of the insurance provider’s stock valued at $335,000 after acquiring an additional 19,859 shares during the period. Deutsche Bank AG raised its holdings in Hallmark Financial Services by 12.2% during the 4th quarter. Deutsche Bank AG now owns 55,876 shares of the insurance provider’s stock valued at $581,000 after acquiring an additional 6,080 shares during the period. Finally, Martingale Asset Management L P raised its holdings in Hallmark Financial Services by 32.7% during the 4th quarter. Martingale Asset Management L P now owns 60,504 shares of the insurance provider’s stock valued at $632,000 after acquiring an additional 14,911 shares during the period. 68.60% of the stock is currently owned by institutional investors.

Shares of Hallmark Financial Services stock traded down $0.01 during mid-day trading on Wednesday, hitting $10.04. 964 shares of the stock were exchanged, compared to its average volume of 30,731. Hallmark Financial Services has a 12 month low of $8.62 and a 12 month high of $11.83. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.34. The stock has a market cap of $181.46 million, a P/E ratio of -27.14 and a beta of 0.88.

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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