Howard Bancorp (HBMD) Upgraded to Hold by ValuEngine

Howard Bancorp (NASDAQ:HBMD) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report issued on Friday.

Other research analysts also recently issued research reports about the stock. Stephens restated a “buy” rating and set a $18.00 price target on shares of Howard Bancorp in a report on Wednesday, August 1st. BidaskClub upgraded shares of Howard Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. Finally, Zacks Investment Research upgraded shares of Howard Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.25.

HBMD stock opened at $15.64 on Friday. Howard Bancorp has a 12-month low of $13.73 and a 12-month high of $24.20. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.00. The company has a market capitalization of $289.51 million, a price-to-earnings ratio of 19.80 and a beta of 0.12.



Howard Bancorp (NASDAQ:HBMD) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The business had revenue of $22.50 million for the quarter, compared to the consensus estimate of $22.36 million. Howard Bancorp had a negative net margin of 2.37% and a positive return on equity of 3.87%. On average, research analysts expect that Howard Bancorp will post 0.66 earnings per share for the current fiscal year.

In other Howard Bancorp news, President Robert D. Jr. Kunisch purchased 5,000 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were acquired at an average price of $17.16 per share, for a total transaction of $85,800.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard G. Arnold purchased 2,815 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were acquired at an average price of $17.50 per share, for a total transaction of $49,262.50. Following the acquisition, the director now directly owns 131,352 shares in the company, valued at approximately $2,298,660. The disclosure for this purchase can be found here. Insiders have bought a total of 10,603 shares of company stock worth $184,837 in the last 90 days. 23.15% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP bought a new position in Howard Bancorp in the 2nd quarter worth $661,000. Bank of New York Mellon Corp raised its holdings in Howard Bancorp by 21.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 54,316 shares of the financial services provider’s stock worth $978,000 after acquiring an additional 9,609 shares during the period. Dimensional Fund Advisors LP raised its holdings in Howard Bancorp by 54.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 110,476 shares of the financial services provider’s stock worth $2,187,000 after acquiring an additional 39,069 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Howard Bancorp by 60.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 24,400 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 9,200 shares during the period. Finally, BlackRock Inc. raised its holdings in Howard Bancorp by 62.1% in the 2nd quarter. BlackRock Inc. now owns 648,737 shares of the financial services provider’s stock worth $11,678,000 after acquiring an additional 248,597 shares during the period. Hedge funds and other institutional investors own 52.29% of the company’s stock.

Howard Bancorp Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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