BidaskClub Downgrades Howard Bancorp (NASDAQ:HBMD) to Hold

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Howard Bancorp (NASDAQ:HBMD) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, BidAskClub reports.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Howard Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Stephens downgraded shares of Howard Bancorp from an “overweight” rating to an “equal weight” rating and set a $15.00 price target for the company. in a research note on Wednesday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.00.

HBMD stock opened at $13.74 on Monday. Howard Bancorp has a 1 year low of $12.60 and a 1 year high of $19.65. The stock has a market capitalization of $258.28 million, a P/E ratio of 21.14 and a beta of 0.24. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.43.

Howard Bancorp (NASDAQ:HBMD) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. Howard Bancorp had a net margin of 5.73% and a return on equity of 4.81%. The company had revenue of $22.01 million during the quarter, compared to the consensus estimate of $21.40 million. On average, equities analysts anticipate that Howard Bancorp will post 1 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its position in shares of Howard Bancorp by 779.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,769 shares of the financial services provider’s stock valued at $41,000 after buying an additional 2,454 shares during the last quarter. Bank of America Corp DE boosted its stake in Howard Bancorp by 31.9% during the fourth 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 during the period. Rhumbline Advisers boosted its stake in Howard Bancorp by 47.4% during the fourth 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 during the period. Bank of New York Mellon Corp boosted its stake in shares of Howard Bancorp by 1.9% in the fourth quarter. Bank of New York Mellon Corp now owns 44,224 shares of the financial services provider’s stock valued at $632,000 after purchasing an additional 829 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Howard Bancorp by 3.6% in the first quarter. Renaissance Technologies LLC now owns 57,800 shares of the financial services provider’s stock valued at $856,000 after purchasing an additional 2,000 shares during the period. 52.80% of the stock is owned by institutional investors and hedge funds.

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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