Howard Bancorp Inc (NASDAQ:HBMD) has been given a consensus broker rating score of 1.50 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has given a strong buy rating to the company.
Brokerages have set a twelve-month consensus price objective of $23.75 for the company and are anticipating that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given Howard Bancorp an industry rank of 15 out of 265 based on the ratings given to related companies.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Howard Bancorp from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Wednesday, January 10th. Raymond James Financial reaffirmed an “outperform” rating and set a $23.00 price target (up previously from $22.00) on shares of Howard Bancorp in a research note on Friday, October 20th.
Shares of Howard Bancorp (NASDAQ:HBMD) traded down $1.20 during midday trading on Wednesday, reaching $19.50. 24,473 shares of the company’s stock traded hands, compared to its average volume of 20,678. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $203.29, a P/E ratio of 26.88 and a beta of -0.17. Howard Bancorp has a twelve month low of $16.70 and a twelve month high of $24.20.
In other news, Director Robert J. Hartson sold 7,500 shares of Howard Bancorp stock in a transaction that occurred on 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 of the company’s stock, valued at $3,687,239.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.59% of the company’s stock.
A number of hedge funds have recently modified their holdings of HBMD. Schwab Charles Investment Management Inc. purchased a new position in Howard Bancorp during the second quarter valued at approximately $293,000. Bank of New York Mellon Corp purchased a new position in Howard Bancorp during the second quarter valued at approximately $473,000. JPMorgan Chase & Co. purchased a new position in Howard Bancorp during the second quarter valued at approximately $363,000. Teachers Advisors LLC purchased a new position in Howard Bancorp during the second quarter valued at approximately $296,000. Finally, TIAA CREF Investment Management LLC purchased a new position in Howard Bancorp during the second quarter valued at approximately $447,000. 64.56% of the stock is currently owned by institutional investors.
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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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