Howard Bancorp (HBMD) Upgraded at Merion Capital Group

Howard Bancorp (NASDAQ:HBMD) was upgraded by equities research analysts at Merion Capital Group from a “neutral” rating to an “outperform” rating in a report issued on Friday.

HBMD has been the subject of a number of other research reports. Zacks Investment Research downgraded Howard Bancorp from a “strong-buy” rating to a “sell” rating in a report on Monday, October 23rd. Raymond James Financial reiterated an “outperform” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Howard Bancorp in a report on Friday, October 20th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Howard Bancorp has an average rating of “Buy” and a consensus target price of $23.00.

Howard Bancorp (NASDAQ:HBMD) opened at $18.75 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $190.03, a price-to-earnings ratio of 25.00 and a beta of -0.17. Howard Bancorp has a twelve month low of $16.70 and a twelve month high of $24.20.

Howard Bancorp (NASDAQ:HBMD) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $14.53 million during the quarter, compared to the consensus estimate of $15.35 million. Howard Bancorp had a return on equity of 5.76% and a net margin of 11.51%. equities analysts forecast that Howard Bancorp will post 1.29 EPS for the current year.

In other news, Director Robert J. Hartson sold 7,500 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $23.15, for a total transaction of $173,625.00. Following the completion of the transaction, the director now directly owns 159,276 shares in the company, valued at $3,687,239.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.59% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of HBMD. Macquarie Group Ltd. bought a new position in shares of Howard Bancorp during the third quarter valued at $118,000. SG Americas Securities LLC bought a new position in shares of Howard Bancorp during the fourth quarter valued at $150,000. New York State Common Retirement Fund bought a new position in shares of Howard Bancorp during the second quarter valued at $181,000. OxFORD Asset Management LLP bought a new position in shares of Howard Bancorp during the third quarter valued at $235,000. Finally, Schwab Charles Investment Management Inc. bought a new position in shares of Howard Bancorp during the second quarter valued at $293,000. Hedge funds and other institutional investors own 64.56% of the company’s stock.

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About Howard Bancorp

Howard Bancorp, Inc is the bank holding company of Howard Bank. The Company’s primary business is to own all of the capital stock of Howard Bank. The Company operates through Community Banking segment. Howard Bank is a trust company, which has approximately four operating subsidiaries. The Company offers a range of services to its customers, including wire transfer services, automated teller machine (ATM) and check cards, ATMs at all of its service branch locations, safe deposit boxes at all service locations and credit cards through a third-party processor.

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