Raymond James analyst Charles Peters maintained a Hold rating on Hallmark Financial Services (NASDAQ: HALL) on August 10 and set a price target of $13. The company’s shares opened today at $10.37.
According to TipRanks.com, Peters is a 5-star analyst with an average return of 16.5% and a 82.6% success rate. Peters covers the Financial sector, focusing on stocks such as American Equity Investment Life, Health Insurance Innovations, and United Insurance Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Hallmark Financial Services with a $13 average price target, representing a 25.4% upside. In a report issued on August 8, Boenning & Scattergood also maintained a Hold rating on the stock.
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Based on Hallmark Financial Services’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $5.09 million. In comparison, last year the company had a GAAP net loss of $3.35 million.
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Hallmark Financial Services, Inc. is a holding company, which engages in the provision of insurance products. It operates through the following segments: Standard Commercial, Specialty Commercial, and Personal. The Standard Commercial segment offers property, casualty, and accident insurance services.
