Howard Bancorp (NASDAQ:HBMD) Releases Earnings Results, Beats Estimates By $0.04 EPS

Howard Bancorp (NASDAQ:HBMD) posted its earnings results on Tuesday. The financial services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04, Bloomberg Earnings reports. The firm had revenue of $22.89 million during the quarter, compared to the consensus estimate of $22.06 million. Howard Bancorp had a return on equity of 6.04% and a net margin of 10.08%.

NASDAQ:HBMD opened at $18.05 on Wednesday. The stock’s fifty day moving average is $16.99 and its 200 day moving average is $16.00. Howard Bancorp has a fifty-two week low of $12.60 and a fifty-two week high of $19.20. The firm has a market capitalization of $320.77 million, a PE ratio of 31.12 and a beta of 0.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.93 and a current ratio of 0.96.

In related news, EVP Steven Poynot sold 2,500 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $16.97, for a total transaction of $42,425.00. Insiders have purchased a total of 1,071 shares of company stock worth $14,919 in the last 90 days. 23.17% of the stock is currently owned by insiders.

A number of research analysts have recently commented on the company. TheStreet upgraded Howard Bancorp from a “c+” rating to a “b” rating in a research report on Friday, October 25th. BidaskClub downgraded Howard Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Zacks Investment Research downgraded Howard Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. Stephens assumed coverage on Howard Bancorp in a report on Monday, January 6th. They set an “equal weight” rating and a $17.50 price target on the stock. Finally, ValuEngine upgraded Howard Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, December 26th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $18.25.

About Howard Bancorp

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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