Patriot Financial Partners GP LP boosted its holdings in Howard Bancorp Inc (NASDAQ:HBMD) by 4.2% during the first quarter, Holdings Channel reports. The institutional investor owned 1,977,263 shares of the financial services provider’s stock after buying an additional 79,800 shares during the period. Howard Bancorp makes up 13.1% of Patriot Financial Partners GP LP’s portfolio, making the stock its 2nd biggest holding. Patriot Financial Partners GP LP owned approximately 0.10% of Howard Bancorp worth $29,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. BNP Paribas Arbitrage SA lifted its stake in shares of Howard Bancorp by 779.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,769 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 2,454 shares in the last quarter. Strategic Wealth Management Group LLC purchased a new stake in Howard Bancorp during the 4th quarter worth approximately $158,000. Bank of America Corp DE increased its holdings in Howard Bancorp by 31.9% during the 4th quarter. Bank of America Corp DE now owns 13,375 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 3,235 shares during the last quarter. Rhumbline Advisers increased its holdings in Howard Bancorp by 47.4% during the 4th quarter. Rhumbline Advisers now owns 17,892 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 5,755 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Howard Bancorp by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 44,224 shares of the financial services provider’s stock worth $632,000 after purchasing an additional 829 shares during the last quarter. 53.98% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on HBMD shares. Zacks Investment Research upgraded Howard Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. BidaskClub upgraded Howard Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 9th. Finally, Stephens lowered Howard Bancorp from an “overweight” rating to an “equal weight” rating and set a $15.00 target price for the company. in a research report on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $17.00.

Shares of HBMD traded up $0.32 during mid-day trading on Wednesday, hitting $14.74. The stock had a trading volume of 829 shares, compared to its average volume of 16,278. Howard Bancorp Inc has a fifty-two week low of $12.60 and a fifty-two week high of $19.65. The firm has a market cap of $278.29 million, a price-to-earnings ratio of 22.67 and a beta of 0.13. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

Howard Bancorp (NASDAQ:HBMD) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. Howard Bancorp had a return on equity of 4.84% and a net margin of 5.73%. The business had revenue of $22.01 million during the quarter, compared to analyst estimates of $21.40 million. On average, sell-side analysts predict that Howard Bancorp Inc will post 0.99 earnings per share for the current fiscal year.

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Howard Bancorp Company Profile

Howard Bancorp, Inc operates as the bank holding company for Howard Bank that provides 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, money market, savings, individual retirement, and commercial and retail checking accounts, as well as certificates of deposit.

Read More: Coverage Ratio

Want to see what other hedge funds are holding HBMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howard Bancorp Inc (NASDAQ:HBMD).

Institutional Ownership by Quarter for Howard Bancorp (NASDAQ:HBMD)

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