Howard Bancorp (HBMD) Receives Daily Coverage Optimism Rating of 0.03
Media headlines about Howard Bancorp (NASDAQ:HBMD) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Howard Bancorp earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.1725425471214 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Howard Bancorp (NASDAQ:HBMD) traded up $0.05 during trading hours on Wednesday, hitting $21.15. The company had a trading volume of 11,200 shares, compared to its average volume of 27,509. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.95. Howard Bancorp has a 12-month low of $14.15 and a 12-month high of $22.30. The stock has a market capitalization of $205.13, a PE ratio of 30.29 and a beta of -0.10.
Howard Bancorp (NASDAQ:HBMD) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.06). Howard Bancorp had a return on equity of 5.33% and a net margin of 10.57%. The business had revenue of $14.86 million for the quarter, compared to analysts’ expectations of $15.20 million. research analysts predict that Howard Bancorp will post 0.8 EPS for the current year.
Several research firms have recently commented on HBMD. Raymond James Financial reaffirmed an “outperform” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Howard Bancorp in a research note on Friday, October 20th. Zacks Investment Research downgraded Howard Bancorp from a “strong-buy” rating to a “sell” rating in a research note on Monday, October 23rd. TheStreet downgraded Howard Bancorp from a “b” rating to a “c+” rating in a research note on Monday, August 21st. UBS downgraded Howard Bancorp from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, August 10th. Finally, Stephens raised 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. One analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Howard Bancorp presently has an average rating of “Buy” and a consensus target price of $21.33.
In other Howard Bancorp news, EVP Steven Poynot sold 1,334 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $20.46, for a total transaction of $27,293.64. Following the completion of the transaction, the executive vice president now owns 167 shares in the company, valued at approximately $3,416.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.59% of the company’s stock.
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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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