Brokers Offer Predictions for Hallmark Financial Services, Inc.’s FY2017 Earnings (HALL)

Hallmark Financial Services, Inc. (NASDAQ:HALL) – Equities researchers at Boenning Scattergood issued their FY2017 earnings per share estimates for shares of Hallmark Financial Services in a research note issued to investors on Monday. Boenning Scattergood analyst R. Farnam expects that the insurance provider will post earnings of $0.02 per share for the year. Boenning Scattergood has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Hallmark Financial Services’ Q4 2017 earnings at $0.10 EPS, Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.65 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $1.10 EPS.

Separately, Zacks Investment Research upgraded Hallmark Financial Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 3rd.

Hallmark Financial Services (NASDAQ HALL) opened at $10.47 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $189.39, a price-to-earnings ratio of -41.88 and a beta of 0.84. Hallmark Financial Services has a 12 month low of $9.91 and a 12 month high of $11.83.

A number of large investors have recently made changes to their positions in the business. Roumell Asset Management LLC grew its position in Hallmark Financial Services by 23.1% in the third quarter. Roumell Asset Management LLC now owns 177,327 shares of the insurance provider’s stock valued at $2,059,000 after acquiring an additional 33,227 shares during the period. Wells Fargo & Company MN grew its position in Hallmark Financial Services by 73.3% in the third quarter. Wells Fargo & Company MN now owns 13,921 shares of the insurance provider’s stock valued at $161,000 after acquiring an additional 5,889 shares during the period. Russell Investments Group Ltd. grew its position in Hallmark Financial Services by 53.6% in the third quarter. Russell Investments Group Ltd. now owns 683,080 shares of the insurance provider’s stock valued at $7,930,000 after acquiring an additional 238,254 shares during the period. Boston Partners grew its position in Hallmark Financial Services by 121.7% in the third quarter. Boston Partners now owns 457,600 shares of the insurance provider’s stock valued at $5,313,000 after acquiring an additional 251,200 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Hallmark Financial Services by 161.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 28,986 shares of the insurance provider’s stock valued at $327,000 after acquiring an additional 17,886 shares during the period. Hedge funds and other institutional investors own 64.97% of the company’s stock.

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About Hallmark Financial Services

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.

Earnings History and Estimates for Hallmark Financial Services (NASDAQ:HALL)

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