Howard Bancorp Inc (HBMD) Receives $20.00 Consensus Price Target from Analysts

Share on StockTwits

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.

Several institutional investors have recently made changes to their positions in HBMD. MetLife Investment Advisors LLC purchased a new position in shares of Howard Bancorp in the 2nd quarter worth approximately $123,000. Rhumbline Advisers bought a new stake in shares of Howard Bancorp during the 2nd quarter worth approximately $221,000. PNC Financial Services Group Inc. lifted its stake in shares of Howard Bancorp by 122.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 18,200 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 10,000 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Howard Bancorp by 60.5% during 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 last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Howard Bancorp during the 2nd quarter worth approximately $661,000. Hedge funds and other institutional investors own 52.42% 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)

Receive News & Ratings for Howard Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howard Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

DTE Energy Co  to Issue Quarterly Dividend of $0.95 on  January 15th
DTE Energy Co to Issue Quarterly Dividend of $0.95 on January 15th
Zacks Investment Research Lowers Garrett Motion  to Sell
Zacks Investment Research Lowers Garrett Motion to Sell
Cantor Fitzgerald Reaffirms “Buy” Rating for Viewray
Cantor Fitzgerald Reaffirms “Buy” Rating for Viewray
Apollo Senior Floating Rate Fund Inc  To Go Ex-Dividend on December 14th
Apollo Senior Floating Rate Fund Inc To Go Ex-Dividend on December 14th
KeyCorp Trims Laboratory Corp. of America  Target Price to $165.00
KeyCorp Trims Laboratory Corp. of America Target Price to $165.00
Insider Buying: Ion Geophysical Corp  Director Acquires $152,200.00 in Stock
Insider Buying: Ion Geophysical Corp Director Acquires $152,200.00 in Stock


© 2006-2018 Ticker Report