Could Hallmark Financial Services, Inc. (HALL) See a Reversal After Breaking Its 1 Year Low?

March 14, 2018 - By Nellie Frank

Investors sentiment decreased to 0.82 in Q3 2017. Its down 0.43, from 1.25 in 2017Q2. It dived, 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.
Rhumbline Advisers invested in 18,865 shares or 0% of the stock. Wells Fargo & Mn invested 0% in Hallmark Financial Services, Inc. (NASDAQ:HALL). Tiaa Cref Limited Liability holds 0% or 53,969 shares in its portfolio. Cove Street Lc holds 2.35% in Hallmark Financial Services, Inc. (NASDAQ:HALL) or 1.82 million shares. Blackrock Incorporated invested in 0% or 831,531 shares. First Quadrant Limited Partnership Ca holds 2,065 shares. Ameritas Invest Partners owns 0% invested in Hallmark Financial Services, Inc. (NASDAQ:HALL) for 1,205 shares. Royal Bancshares Of Canada holds 1,650 shares or 0% of its portfolio. State Common Retirement Fund holds 0% or 12,900 shares in its portfolio. Moreover, Boston has 0.01% invested in Hallmark Financial Services, Inc. (NASDAQ:HALL). National Bank Of Montreal Can has invested 0.01% of its portfolio in Hallmark Financial Services, Inc. (NASDAQ:HALL). Hodges Capital Incorporated accumulated 221,585 shares. Illinois-based Lsv Asset Mngmt has invested 0% in Hallmark Financial Services, Inc. (NASDAQ:HALL). Bancshares Of America De has invested 0% in Hallmark Financial Services, Inc. (NASDAQ:HALL). Deutsche State Bank Ag holds 0% in Hallmark Financial Services, Inc. (NASDAQ:HALL) or 49,796 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 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 $3.81M 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: which released: “Hallmark Financial Services Inc.” on August 02, 2017, also with their article: “Hallmark Financial Services Expected Impact From Hurricane Harvey” published on August 31, 2017, published: “Hallmark Financial Services, Inc. Announces Third Quarter 2017 Results” on November 08, 2017. More interesting news about Hallmark Financial Services, Inc. (NASDAQ:HALL) were released by: and their article: “Hallmark Financial Services, Inc. To Present at the CFANY 22nd Annual …” published on March 12, 2018 as well as‘s news article titled: “Hallmark Financial (HALL) Incurs Q4 Loss, Revenues Rise Y/Y” with publication date: March 13, 2018.

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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