Shares of Howard Bancorp Inc (NASDAQ:HBMD) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $20.00.
Several research firms have weighed in on HBMD. Stephens restated a “buy” rating and set a $18.00 price target on shares of Howard Bancorp in a report on Wednesday, August 1st. ValuEngine upgraded Howard Bancorp from a “sell” rating to a “hold” rating in a report on Monday, August 13th. Raymond James cut Howard Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 10th. Finally, BidaskClub cut Howard Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, October 13th.
In related news, Director Richard G. Arnold bought 2,815 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was purchased at an average price of $17.50 per share, for a total transaction of $49,262.50. Following the acquisition, the director now owns 131,352 shares in the company, valued at $2,298,660. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert W. Jr. Smith bought 2,500 shares of the company’s stock in a transaction dated Tuesday, July 31st. The stock was bought at an average price of $16.18 per share, with a total value of $40,450.00. Following the acquisition, the director now owns 38,178 shares in the company, valued at approximately $617,720.04. The disclosure for this purchase can be found here. In the last quarter, insiders bought 15,953 shares of company stock valued at $272,606. Company insiders own 10.59% of the company’s stock.
NASDAQ HBMD traded down $0.14 during trading on Wednesday, hitting $14.87. 27,182 shares of the stock traded hands, compared to its average volume of 37,785. The stock has a market capitalization of $285.55 million, a PE ratio of 18.82 and a beta of -0.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.01 and a quick ratio of 0.98. Howard Bancorp has a 12-month low of $14.70 and a 12-month high of $24.20.
Howard Bancorp (NASDAQ:HBMD) last released its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.14). The firm had revenue of $23.50 million for the quarter, compared to analysts’ expectations of $23.16 million. Howard Bancorp had a negative net margin of 5.58% and a positive return on equity of 3.55%. On average, analysts anticipate that Howard Bancorp will post 0.65 EPS for the current fiscal year.
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.
Further Reading: Closed-End Mutual Funds (CEFs)
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