BlackRock Inc. Acquires 11,475 Shares of Howard Bancorp Inc (HBMD)

BlackRock Inc. increased its holdings in shares of Howard Bancorp Inc (NASDAQ:HBMD) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 667,818 shares of the financial services provider’s stock after buying an additional 11,475 shares during the period. BlackRock Inc. owned 3.51% of Howard Bancorp worth $9,551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HBMD. Dimensional Fund Advisors LP lifted its holdings in Howard Bancorp by 33.5% in the third quarter. Dimensional Fund Advisors LP now owns 230,877 shares of the financial services provider’s stock worth $4,087,000 after acquiring an additional 57,903 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Howard Bancorp by 2.8% during the third quarter. Vanguard Group Inc. now owns 611,159 shares of the financial services provider’s stock valued at $10,818,000 after buying an additional 16,851 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Howard Bancorp by 2.8% during the third quarter. Vanguard Group Inc now owns 611,159 shares of the financial services provider’s stock valued at $10,818,000 after buying an additional 16,851 shares during the last quarter. Strategic Wealth Management Group LLC bought a new stake in shares of Howard Bancorp during the fourth quarter valued at approximately $158,000. Finally, Biegel & Waller LLC bought a new stake in shares of Howard Bancorp during the fourth quarter valued at approximately $1,489,000. 53.46% of the stock is owned by institutional investors and hedge funds.

In related news, Director Richard G. Arnold acquired 1,910 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were acquired at an average price of $13.16 per share, for a total transaction of $25,135.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.15% of the stock is owned by company insiders.

HBMD opened at $14.28 on Monday. The company has a market cap of $272.16 million, a PE ratio of 21.97 and a beta of 0.13. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. Howard Bancorp Inc has a twelve month low of $12.60 and a twelve month high of $19.65.

Howard Bancorp (NASDAQ:HBMD) last released its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.21 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.21. Howard Bancorp had a positive return on equity of 4.03% and a negative net margin of 3.90%. The company had revenue of $21.63 million for the quarter, compared to analysts’ expectations of $22.39 million. As a group, analysts anticipate that Howard Bancorp Inc will post 0.96 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Howard Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. BidaskClub raised Howard Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, December 25th. ValuEngine cut Howard Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Finally, Stephens cut Howard Bancorp from an “overweight” rating to an “equal weight” rating and set a $15.00 price target on the stock. in a report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.00.

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Howard Bancorp Profile

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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Institutional Ownership by Quarter for Howard Bancorp (NASDAQ:HBMD)

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