Howard Bancorp (NASDAQ:HBMD) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday, BidAskClub reports.

Several other equities analysts have also recently issued reports on HBMD. TheStreet upgraded shares of Howard Bancorp from a “c+” rating to a “b-” rating in a research report on Tuesday, July 2nd. Zacks Investment Research cut shares of Farmland Partners from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.00.

NASDAQ HBMD traded down $0.02 on Friday, hitting $14.46. The company’s stock had a trading volume of 15,300 shares, compared to its average volume of 17,252. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.97 and a current ratio of 0.99. Howard Bancorp has a 1-year low of $12.60 and a 1-year high of $19.52. The stock’s 50-day simple moving average is $14.36. The company has a market capitalization of $279.63 million, a price-to-earnings ratio of 22.25 and a beta of 0.30.

Howard Bancorp (NASDAQ:HBMD) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Howard Bancorp had a net margin of 5.73% and a return on equity of 4.81%. The firm had revenue of $22.01 million during the quarter, compared to analysts’ expectations of $21.40 million. As a group, research analysts expect that Howard Bancorp will post 0.99 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted 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 during the last quarter. Bank of America Corp DE boosted its stake in shares of Howard Bancorp by 31.9% in the 4th quarter. Bank of America Corp DE now owns 13,375 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 3,235 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Howard Bancorp by 47.4% in the 4th quarter. Rhumbline Advisers now owns 17,892 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 5,755 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Howard Bancorp by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 44,224 shares of the financial services provider’s stock valued at $632,000 after purchasing an additional 829 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Howard Bancorp by 12.0% in the 1st quarter. Victory Capital Management Inc. now owns 81,435 shares of the financial services provider’s stock valued at $1,206,000 after purchasing an additional 8,735 shares during the last quarter. 52.80% of the stock is currently owned by institutional investors.

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.

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