Banc Funds Co. LLC decreased its holdings in Howard Bancorp Inc (NASDAQ:HBMD) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,687 shares of the financial services provider’s stock after selling 16,500 shares during the quarter. Banc Funds Co. LLC’s holdings in Howard Bancorp were worth $3,073,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HBMD. Schwab Charles Investment Management Inc. acquired a new position in shares of Howard Bancorp in the 2nd quarter valued at $293,000. Teachers Advisors LLC acquired a new stake in shares of Howard Bancorp during the 2nd quarter worth about $296,000. TIAA CREF Investment Management LLC acquired a new stake in shares of Howard Bancorp during the 2nd quarter worth about $447,000. New York State Common Retirement Fund acquired a new stake in shares of Howard Bancorp during the 2nd quarter worth about $181,000. Finally, Northern Trust Corp acquired a new stake in shares of Howard Bancorp during the 2nd quarter worth about $1,566,000. Institutional investors own 62.18% of the company’s stock.

Shares of Howard Bancorp Inc (HBMD) opened at $18.50 on Friday. The stock has a market cap of $179.23, a PE ratio of 24.67 and a beta of 0.01. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.05. Howard Bancorp Inc has a 1 year low of $16.70 and a 1 year high of $24.20.

Howard Bancorp (NASDAQ:HBMD) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $14.53 million for the quarter, compared to analyst estimates of $15.35 million. Howard Bancorp had a return on equity of 5.76% and a net margin of 11.51%. analysts expect that Howard Bancorp Inc will post 1.25 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on HBMD shares. Zacks Investment Research upgraded shares of Howard Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Merion Capital Group upgraded shares of Howard Bancorp from a “neutral” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Friday, February 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $23.00.

In related news, Director Robert J. Hartson sold 7,500 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $23.15, for a total transaction of $173,625.00. Following the completion of the sale, the director now owns 159,276 shares in the company, valued at approximately $3,687,239.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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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Institutional Ownership by Quarter for Howard Bancorp (NASDAQ:HBMD)

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