Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Howard Bancorp (HBMD) Stock Price
Press coverage about Howard Bancorp (NASDAQ:HBMD) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Howard Bancorp earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.1796535217969 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
HBMD has been the topic of a number of recent research reports. TheStreet raised shares of Howard Bancorp from a “c+” rating to a “b+” rating in a research note on Thursday, June 1st. Zacks Investment Research raised shares of Howard Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, August 22nd. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of Howard Bancorp in a research note on Thursday, August 10th. UBS AG lowered shares of Howard Bancorp from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, August 10th. Finally, Stephens raised shares of Howard Bancorp from an “equal weight” rating to an “overweight” rating and set a $21.00 price objective on the stock in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Strong Buy” and an average target price of $21.00.
Howard Bancorp (NASDAQ:HBMD) opened at 21.40 on Monday. Howard Bancorp has a 1-year low of $12.85 and a 1-year high of $21.40. The firm has a 50 day moving average of $19.14 and a 200-day moving average of $18.91. The company has a market capitalization of $209.87 million, a price-to-earnings ratio of 27.76 and a beta of -0.02.
Howard Bancorp (NASDAQ:HBMD) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.21 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.21. Howard Bancorp had a net margin of 11.01% and a return on equity of 5.93%. The firm had revenue of $14.81 million for the quarter, compared to analysts’ expectations of $13.95 million. On average, equities research analysts anticipate that Howard Bancorp will post $0.87 earnings per share for the current fiscal year.
In other news, EVP Steven Poynot sold 1,334 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $20.46, for a total transaction of $27,293.64. Following the sale, the executive vice president now owns 167 shares in the company, valued at approximately $3,416.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 10.59% of the company’s stock.
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About Howard Bancorp
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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