Howard Bancorp (HBMD) Reaches New 1-Year Low at $16.60

Howard Bancorp Inc (NASDAQ:HBMD) shares reached a new 52-week low on Monday . The stock traded as low as $16.60 and last traded at $16.65, with a volume of 701 shares traded. The stock had previously closed at $17.05.

Several research analysts have recently weighed in on HBMD shares. Raymond James cut shares of Howard Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 10th. Keefe, Bruyette & Woods started coverage on shares of Howard Bancorp in a report on Thursday, June 14th. They issued a “market perform” rating and a $19.00 price target on the stock. Finally, Zacks Investment Research cut shares of Howard Bancorp from a “hold” rating to a “strong sell” rating in a report on Thursday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $22.20.

The firm has a market capitalization of $170.50 million, a price-to-earnings ratio of 21.01 and a beta of -0.04. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.96 and a current ratio of 1.00.



Howard Bancorp (NASDAQ:HBMD) last released its quarterly earnings results on Monday, April 30th. The financial services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The firm had revenue of $16.85 million during the quarter, compared to the consensus estimate of $18.19 million. Howard Bancorp had a positive return on equity of 4.05% and a negative net margin of 5.58%. equities analysts predict that Howard Bancorp Inc will post 0.83 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Howard Bancorp by 1.0% in the fourth quarter. BlackRock Inc. now owns 403,346 shares of the financial services provider’s stock worth $8,874,000 after purchasing an additional 3,901 shares during the period. Victory Capital Management Inc. grew its position in Howard Bancorp by 9.7% in the first quarter. Victory Capital Management Inc. now owns 68,600 shares of the financial services provider’s stock worth $1,358,000 after acquiring an additional 6,065 shares in the last quarter. Hilton Capital Management LLC grew its position in Howard Bancorp by 3.8% in the first quarter. Hilton Capital Management LLC now owns 209,535 shares of the financial services provider’s stock worth $4,149,000 after acquiring an additional 7,720 shares in the last quarter. Wells Fargo & Company MN grew its position in Howard Bancorp by 45.3% in the fourth quarter. Wells Fargo & Company MN now owns 44,347 shares of the financial services provider’s stock worth $976,000 after acquiring an additional 13,821 shares in the last quarter. Finally, Maltese Capital Management LLC grew its position in Howard Bancorp by 11.1% in the first quarter. Maltese Capital Management LLC now owns 177,700 shares of the financial services provider’s stock worth $3,518,000 after acquiring an additional 17,700 shares in the last quarter. 75.39% of the stock is currently owned by hedge funds and other institutional investors.

About Howard Bancorp

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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