Howard Bancorp, Inc. (NASDAQ:HBMD) was downgraded by UBS AG from a “strong-buy” rating to an “outperform” rating in a report released on Thursday, The Fly reports.

Separately, TheStreet raised shares of Howard Bancorp from a “c+” rating to a “b+” rating in a report on Thursday, June 1st.

Howard Bancorp (NASDAQ HBMD) opened at 18.60 on Thursday. Howard Bancorp has a one year low of $12.24 and a one year high of $20.70. The stock has a market cap of $182.21 million, a P/E ratio of 24.19 and a beta of -0.03. The stock has a 50 day moving average of $19.39 and a 200-day moving average of $18.63.

Howard Bancorp (NASDAQ:HBMD) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $14.81 million during the quarter, compared to the consensus estimate of $13.95 million. Howard Bancorp had a net margin of 11.01% and a return on equity of 6.38%. Analysts anticipate that Howard Bancorp will post $0.85 EPS for the current year.

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A number of large investors have recently bought and sold shares of HBMD. Schwab Charles Investment Management Inc. bought a new stake in Howard Bancorp during the second quarter valued at $293,000. JPMorgan Chase & Co. bought a new stake in Howard Bancorp during the second quarter valued at $363,000. Bank of New York Mellon Corp bought a new stake in Howard Bancorp during the second quarter valued at $473,000. Finally, Biegel & Waller LLC increased its stake in Howard Bancorp by 1.7% in the second quarter. Biegel & Waller LLC now owns 100,784 shares of the financial services provider’s stock valued at $1,940,000 after buying an additional 1,672 shares during the last quarter. 59.27% of the stock is owned by institutional investors and hedge funds.

Howard Bancorp Company Profile

Howard Bancorp, Inc is the bank holding company of Howard Bank. The Company’s primary business is to own all of the capital stock of Howard Bank. The Company operates through Community Banking segment. Howard Bank is a trust company, which has approximately four operating subsidiaries. The Company offers a range of services to its customers, including wire transfer services, automated teller machine (ATM) and check cards, ATMs at all of its service branch locations, safe deposit boxes at all service locations and credit cards through a third-party processor.

The Fly

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