Howard Bancorp Inc (HBMD) Receives $17.00 Average PT from Analysts

Howard Bancorp Inc (NASDAQ:HBMD) has been given an average recommendation of “Hold” by the six analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $17.00.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Howard Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Wednesday, May 1st. BidaskClub raised shares of Howard Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, April 1st.

A number of hedge funds and other institutional investors have recently made changes to their positions in HBMD. Bank of New York Mellon Corp grew its stake in shares of Howard Bancorp by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 44,224 shares of the financial services provider’s stock valued at $632,000 after buying an additional 829 shares during the period. Northern Trust Corp boosted its position in shares of Howard Bancorp by 1.3% during the 4th quarter. Northern Trust Corp now owns 136,069 shares of the financial services provider’s stock worth $1,945,000 after purchasing an additional 1,726 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Howard Bancorp by 779.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,769 shares of the financial services provider’s stock worth $41,000 after buying an additional 2,454 shares in the last quarter. Bank of America Corp DE lifted its holdings in Howard Bancorp by 31.9% during the 4th quarter. Bank of America Corp DE now owns 13,375 shares of the financial services provider’s stock worth $192,000 after buying an additional 3,235 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Howard Bancorp by 47.4% during the 4th quarter. Rhumbline Advisers now owns 17,892 shares of the financial services provider’s stock worth $256,000 after buying an additional 5,755 shares in the last quarter. 53.46% of the stock is owned by institutional investors.

NASDAQ:HBMD opened at $15.00 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The stock has a market cap of $285.89 million, a price-to-earnings ratio of 23.08 and a beta of 0.13. Howard Bancorp has a 52 week low of $12.60 and a 52 week high of $19.65.

Howard Bancorp (NASDAQ:HBMD) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. The firm had revenue of $22.01 million during the quarter, compared to analyst estimates of $21.40 million. Howard Bancorp had a return on equity of 4.84% and a net margin of 5.73%. As a group, analysts predict that Howard Bancorp will post 0.99 earnings per share for the current fiscal year.

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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