Hallmark Financial Services (HALL)
Hallmark Financial Services Tangible Common Equity Ratio: 20.96%
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HALL Tangible Common Equity Ratio Rankings
| Overall | 65th percentile | 1531 of 4385 |
| Sector | 35th percentile | 559 of 870 in Financial |
| Industry | 68th percentile | 25 of 80 in Property & Casualty Insurance |
HALL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 20.73% | Sep 2011 |
| Maximum | 28.56% | Jun 2008 |
| Average | 25.00% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
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HALL News
Mar 14, 3:20PM GlobeNewswire
Mar 13, 11:00AM GlobeNewswire
Mar 08, 4:00PM GlobeNewswire
Feb 28, 3:05PM GlobeNewswire
Nov 11, 5:05PM GlobeNewswire
Aug 24, 5:45PM GlobeNewswire
Aug 09, 4:00PM GlobeNewswire
Jul 01, 10:55AM GlobeNewswire
about 419 days ago by MatthewBrenner
about 1014 days ago by TheStreet_News
about 1156 days ago by Kimftw
about 1156 days ago by Kimftw
about 1171 days ago by JordanJWeir
about 1325 days ago by Covestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HALL | 7.21 | -0.07 | -0.96% | 140.21M |
| IIIN | 9.78 | +0.00 | +0.00% | 172.23M |
| III | 1.30 | +0.03 | +2.36% | 46.13M |
| IIF | 14.64 | +0.19 | +1.31% | |
| IIC | 15.87 | +0.05 | +0.32% | |
| IHT | 2.03 | +0.00 | +0.00% | 17.19M |
| IHS | 101.70 | -0.32 | -0.31% | 6.650B |
| ICGE | 8.82 | +0.03 | +0.34% | 329.98M |
| ICFI | 22.51 | +0.15 | +0.67% | 442.73M |
| ICF | 76.53 | +1.17 | +1.55% |
