Howard Bancorp (NASDAQ: HBMD) recently received a number of ratings updates from brokerages and research firms:

  • 11/16/2018 – Howard Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Howard Bancorp, Inc., headquartered in Ellicott City, Maryland, operates as a holding company for Howard Bank that provides a range of commercial and retail banking services in Maryland. It offers various deposits products, such as community business, business relationship, business solutions, super, howard relationship, and howard maximum checking accounts; individual retirement accounts; business, junior, and personal savings accounts; anniversary, incentive, and business money market accounts; and certificates of deposits. The company’s loan portfolio comprises commercial construction, commercial real estate, home equity, and consumer installment loans; and commercial and unsecured lines of credit. Howard Bancorp also provides business and personal online banking and Web BillPay services, ATM cards, business credit cards, and cash management, lockbox processing, and wire transfers services. “
  • 11/16/2018 – Howard Bancorp was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 11/6/2018 – Howard Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/6/2018 – Howard Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $17.00 price target on the stock. According to Zacks, “Howard Bancorp, Inc., headquartered in Ellicott City, Maryland, operates as a holding company for Howard Bank that provides a range of commercial and retail banking services in Maryland. It offers various deposits products, such as community business, business relationship, business solutions, super, howard relationship, and howard maximum checking accounts; individual retirement accounts; business, junior, and personal savings accounts; anniversary, incentive, and business money market accounts; and certificates of deposits. The company’s loan portfolio comprises commercial construction, commercial real estate, home equity, and consumer installment loans; and commercial and unsecured lines of credit. Howard Bancorp also provides business and personal online banking and Web BillPay services, ATM cards, business credit cards, and cash management, lockbox processing, and wire transfers services. “
  • 10/30/2018 – Howard Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/30/2018 – Howard Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Howard Bancorp, Inc., headquartered in Ellicott City, Maryland, operates as a holding company for Howard Bank that provides a range of commercial and retail banking services in Maryland. It offers various deposits products, such as community business, business relationship, business solutions, super, howard relationship, and howard maximum checking accounts; individual retirement accounts; business, junior, and personal savings accounts; anniversary, incentive, and business money market accounts; and certificates of deposits. The company’s loan portfolio comprises commercial construction, commercial real estate, home equity, and consumer installment loans; and commercial and unsecured lines of credit. Howard Bancorp also provides business and personal online banking and Web BillPay services, ATM cards, business credit cards, and cash management, lockbox processing, and wire transfers services. “
  • 10/13/2018 – Howard Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/12/2018 – Howard Bancorp was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

HBMD opened at $15.00 on Thursday. The firm has a market cap of $285.51 million, a price-to-earnings ratio of 18.99 and a beta of 0.12. Howard Bancorp Inc has a 52 week low of $13.73 and a 52 week high of $24.20. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43.

Howard Bancorp (NASDAQ:HBMD) last released its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). The firm had revenue of $22.50 million for the quarter, compared to analysts’ expectations of $22.36 million. Howard Bancorp had a positive return on equity of 3.87% and a negative net margin of 2.37%. On average, equities research analysts forecast that Howard Bancorp Inc will post 0.66 EPS for the current fiscal year.

In related news, Director Richard G. Arnold bought 1,493 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were acquired at an average price of $17.26 per share, with a total value of $25,769.18. Following the transaction, the director now owns 130,284 shares of the company’s stock, valued at $2,248,701.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard G. Arnold bought 2,815 shares of the company’s stock in a transaction on Monday, September 24th. The shares were bought at an average cost of $17.50 per share, for a total transaction of $49,262.50. Following the transaction, the director now directly owns 131,352 shares in the company, valued at approximately $2,298,660. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,603 shares of company stock worth $99,037 over the last 90 days. 10.59% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in HBMD. Patriot Financial Partners GP LP bought a new stake in Howard Bancorp during the 2nd quarter valued at $29,923,000. BlackRock Inc. boosted its position in Howard Bancorp by 62.1% during the 2nd quarter. BlackRock Inc. now owns 648,737 shares of the financial services provider’s stock valued at $11,678,000 after acquiring an additional 248,597 shares in the last quarter. Brown Advisory Inc. boosted its position in Howard Bancorp by 70.6% during the 2nd quarter. Brown Advisory Inc. now owns 580,556 shares of the financial services provider’s stock valued at $10,451,000 after acquiring an additional 240,183 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Howard Bancorp by 56.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 172,974 shares of the financial services provider’s stock valued at $3,114,000 after acquiring an additional 62,498 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Howard Bancorp during the 2nd quarter valued at $661,000. 52.33% of the stock is currently owned by institutional investors and hedge funds.

Howard Bancorp, Inc operates as the bank holding company for Howard Bank that commercial banking, mortgage banking, and consumer finance products and services to businesses, business owners, professionals, and other consumers. The company offers various consumer and business deposit products, including demand deposits, money market accounts, savings accounts, individual retirement accounts, and commercial and retail checking accounts, as well as certificates of deposit.

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