What Will Happen to Hallmark Financial Services, Inc. (HALL) Next? The Stock Just Reaches 52-Week Low

March 14, 2018 - By Stephen Andrade

Investors sentiment decreased to 0.82 in Q3 2017. Its down 0.43, from 1.25 in 2017Q2. It dropped, as 5 investors sold Hallmark Financial Services, Inc. shares while 23 reduced holdings. 7 funds opened positions while 16 raised stakes. 11.10 million shares or 0.91% more from 11.00 million shares in 2017Q2 were reported.
Ny State Common Retirement Fund has invested 0% in Hallmark Financial Services, Inc. (NASDAQ:HALL). Bridgeway Capital has invested 0.03% in Hallmark Financial Services, Inc. (NASDAQ:HALL). Ameriprise Financial accumulated 0% or 15,881 shares. Moreover, Northern Corp has 0% invested in Hallmark Financial Services, Inc. (NASDAQ:HALL) for 173,823 shares. Geode Capital Mngmt Ltd Liability Corp invested in 95,428 shares. Bank Of Montreal Can invested in 700,811 shares. Bancorp Of America De holds 0% or 122,668 shares. Legal General Group Public Ltd Company reported 1,948 shares or 0% of all its holdings. National Bank & Trust Of Mellon Corp has 91,801 shares. Alliancebernstein Lp invested in 18,300 shares or 0% of the stock. Schwab Charles Inv reported 0% stake. Hodges Cap Mngmt Inc invested in 0.17% or 221,585 shares. New York-based Tower Rech Cap Limited Liability Company (Trc) has invested 0% in Hallmark Financial Services, Inc. (NASDAQ:HALL). Los Angeles Capital & Equity Research Inc holds 0% or 19,893 shares. Jacobs Levy Equity Management holds 15,866 shares.

The stock of Hallmark Financial Services, Inc. (NASDAQ:HALL) hit a new 52-week low and has $8.70 target or 6.00 % below today’s $9.25 share price. The 8 months bearish chart indicates high risk for the $167.96M company. The 1-year low was reported on Mar, 14 by Barchart.com. If the $8.70 price target is reached, the company will be worth $10.08 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.70% or $0.16 during the last trading session, reaching $9.25. About 21,841 shares traded. Hallmark Financial Services, Inc. (NASDAQ:HALL) has risen 0.69% since March 14, 2017 and is uptrending. It has underperformed by 16.01% the S&P500.

Analysts await Hallmark Financial Services, Inc. (NASDAQ:HALL) to report earnings on May, 8. They expect $0.21 earnings per share, 0.00 % or $0.00 from last year’s $0.21 per share. HALL’s profit will be $3.81 million for 11.01 P/E if the $0.21 EPS becomes a reality. After $-0.52 actual earnings per share reported by Hallmark Financial Services, Inc. for the previous quarter, Wall Street now forecasts -140.38 % EPS growth.

More notable recent Hallmark Financial Services, Inc. (NASDAQ:HALL) news were published by: Marketwatch.com which released: “Hallmark Financial Services Inc.” on August 02, 2017, also Globenewswire.com with their article: “Hallmark Financial Services Expected Impact From Hurricane Harvey” published on August 31, 2017, Nasdaq.com published: “Hallmark Financial (HALL) Incurs Q4 Loss, Revenues Rise Y/Y” on March 13, 2018. More interesting news about Hallmark Financial Services, Inc. (NASDAQ:HALL) were released by: Globenewswire.com and their article: “Hallmark Financial Services, Inc. To Present at the CFANY 22nd Annual …” published on March 12, 2018 as well as Globenewswire.com‘s news article titled: “Hallmark Financial Services, Inc. Announces Third Quarter 2017 Results” with publication date: November 08, 2017.

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 has market cap of $167.96 million. The firm operates in the Standard Commercial, Specialty Commercial, and Personal divisions. It currently has negative earnings. The Standard Commercial segment offers standard commercial lines of insurance products primarily in the non-urban areas of Texas, New Mexico, Idaho, Oregon, Montana, Washington, Utah, Wyoming, Arkansas, Hawaii, and Missouri.

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