Howard Bancorp (NASDAQ:HBMD) Upgraded to Sell by ValuEngine

ValuEngine upgraded shares of Howard Bancorp (NASDAQ:HBMD) from a strong sell rating to a sell rating in a report issued on Thursday morning, ValuEngine reports.

HBMD has been the topic of several other research reports. BidaskClub cut Howard Bancorp from a sell rating to a strong sell rating in a report on Wednesday, January 22nd. Zacks Investment Research upgraded Howard Bancorp from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Monday, January 27th. Stephens assumed coverage on Howard Bancorp in a report on Monday, January 6th. They set an equal weight rating and a $17.50 target price on the stock. Finally, TheStreet upgraded Howard Bancorp from a c+ rating to a b rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $18.75.

NASDAQ:HBMD traded down $0.36 during trading hours on Thursday, reaching $18.06. The company had a trading volume of 33,300 shares, compared to its average volume of 38,716. The stock has a 50-day moving average of $17.25 and a two-hundred day moving average of $16.33. Howard Bancorp has a one year low of $12.70 and a one year high of $19.20. The firm has a market capitalization of $338.32 million, a PE ratio of 20.52 and a beta of 0.36. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.09.

Howard Bancorp (NASDAQ:HBMD) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $22.89 million for the quarter, compared to analysts’ expectations of $22.06 million. Howard Bancorp had a return on equity of 6.33% and a net margin of 15.01%. As a group, sell-side analysts expect that Howard Bancorp will post 1.1 earnings per share for the current year.

In related news, EVP Steven Poynot sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $16.97, for a total value of $42,425.00. Also, insider Priam Capital Fund I, Lp sold 23,814 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $17.62, for a total value of $419,602.68. Following the completion of the transaction, the insider now owns 1,885,017 shares in the company, valued at approximately $33,213,999.54. The disclosure for this sale can be found here. In the last quarter, insiders purchased 1,071 shares of company stock worth $14,919. 23.17% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of HBMD. Valeo Financial Advisors LLC acquired a new position in Howard Bancorp in the fourth quarter valued at about $27,000. Citigroup Inc. raised its position in shares of Howard Bancorp by 43.8% during the fourth quarter. Citigroup Inc. now owns 2,584 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 787 shares during the period. Lighthouse Financial Advisors Inc. acquired a new stake in shares of Howard Bancorp during the fourth quarter worth about $69,000. Strs Ohio raised its position in shares of Howard Bancorp by 68.7% during the fourth quarter. Strs Ohio now owns 11,300 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 4,600 shares during the period. Finally, California Public Employees Retirement System acquired a new stake in shares of Howard Bancorp during the fourth quarter worth about $195,000. Institutional investors and hedge funds own 53.09% of the company’s stock.

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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