Howard Bancorp, Inc. (NASDAQ:HBMD) Earns “Outperform” Rating from Raymond James Financial, Inc.
A number of other analysts have also recently issued reports on HBMD. UBS AG cut Howard Bancorp from a “strong-buy” rating to an “outperform” rating in a research report on Thursday. TheStreet raised Howard Bancorp from a “c+” rating to a “b+” rating in a research report on Thursday, June 1st.
Shares of Howard Bancorp (NASDAQ:HBMD) opened at 18.60 on Thursday. Howard Bancorp has a 12-month low of $12.24 and a 12-month high of $20.70. The firm has a market capitalization of $182.21 million, a price-to-earnings ratio of 24.19 and a beta of -0.03. The company has a 50-day moving average price of $19.39 and a 200 day moving average price of $18.63.
Howard Bancorp (NASDAQ:HBMD) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.21. Howard Bancorp had a return on equity of 6.38% and a net margin of 11.01%. The company had revenue of $14.81 million during the quarter, compared to analysts’ expectations of $13.95 million. Equities research analysts expect that Howard Bancorp will post $0.85 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in HBMD. Schwab Charles Investment Management Inc. acquired a new stake in Howard Bancorp during the second quarter worth about $293,000. JPMorgan Chase & Co. acquired a new stake in Howard Bancorp during the second quarter worth about $363,000. Bank of New York Mellon Corp acquired a new stake in Howard Bancorp during the second quarter worth about $473,000. Finally, Biegel & Waller LLC boosted 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 worth $1,940,000 after buying an additional 1,672 shares during the last quarter. 59.27% of the stock is owned by institutional investors.
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.
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