Hallmark Financial Services, Inc. (NASDAQ:HALL) – Stock analysts at Boenning Scattergood issued their FY2017 earnings per share estimates for shares of Hallmark Financial Services in a research report issued to clients and investors on Monday. Boenning Scattergood analyst R. Farnam forecasts that the insurance provider will post earnings per share of $0.02 for the year. Boenning Scattergood currently 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 downgraded Hallmark Financial Services from a “hold” rating to a “sell” rating in a report on Wednesday.

Shares of Hallmark Financial Services (NASDAQ HALL) opened at $10.43 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $189.39, a P/E ratio of -41.72 and a beta of 0.84. Hallmark Financial Services has a 1-year low of $9.91 and a 1-year high of $11.83.

Institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN boosted 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 acquiring an additional 5,889 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Hallmark Financial Services in the 2nd quarter worth approximately $190,000. Hancock Holding Co. boosted its holdings in shares of Hallmark Financial Services by 12.1% in the 2nd quarter. Hancock Holding Co. now owns 17,572 shares of the insurance provider’s stock worth $198,000 after acquiring an additional 1,900 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Hallmark Financial Services by 11.2% in the 2nd quarter. Alliancebernstein L.P. now owns 18,800 shares of the insurance provider’s stock worth $212,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in shares of Hallmark Financial Services by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 27,951 shares of the insurance provider’s stock worth $315,000 after acquiring an additional 1,769 shares in the last quarter. 64.97% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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