Howard Bancorp (NASDAQ:HBMD) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Howard Bancorp (NASDAQ:HBMD) issued its earnings results on Tuesday. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.33 by $0.07, MarketWatch Earnings reports. Howard Bancorp had a negative net margin of 14.65% and a positive return on equity of 6.91%.

NASDAQ:HBMD traded down $0.34 during trading hours on Thursday, hitting $19.41. The company had a trading volume of 1,251 shares, compared to its average volume of 170,674. The firm has a market cap of $364.52 million, a P/E ratio of -26.33 and a beta of 0.93. The company’s 50-day simple moving average is $16.95. Howard Bancorp has a 52 week low of $8.70 and a 52 week high of $20.50. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.87.

Several brokerages recently commented on HBMD. Zacks Investment Research raised shares of Howard Bancorp from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, July 8th. Stephens raised shares of Howard Bancorp from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $17.50 to $19.50 in a research note on Monday, May 3rd. Finally, Keefe, Bruyette & Woods raised shares of Howard Bancorp from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $17.00 to $28.00 in a research note on Thursday, July 15th. Four equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $21.13.

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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Earnings History for Howard Bancorp (NASDAQ:HBMD)

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