Analysts Set Howard Bancorp Inc (HBMD) PT at $17.00

Shares of Howard Bancorp Inc (NASDAQ:HBMD) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $17.00.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Howard Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. BidaskClub cut Howard Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Finally, Stephens cut Howard Bancorp from an “overweight” rating to an “equal weight” rating and set a $15.00 target price for the company. in a research report on Wednesday, February 20th.

NASDAQ HBMD opened at $15.00 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.48. Howard Bancorp has a one year low of $12.60 and a one year high of $19.65. The company has a market cap of $285.89 million, a P/E ratio of 23.08 and a beta of 0.13.

Howard Bancorp (NASDAQ:HBMD) last posted its earnings results 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. Howard Bancorp had a return on equity of 4.84% and a net margin of 5.73%. The company had revenue of $22.01 million for the quarter, compared to analyst estimates of $21.40 million. As a group, research analysts predict that Howard Bancorp will post 0.99 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its stake in shares of Howard Bancorp by 779.0% in 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 during the last quarter. Strategic Wealth Management Group LLC bought a new position in Howard Bancorp in the 4th quarter worth $158,000. Bank of America Corp DE raised its holdings 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 valued at $192,000 after acquiring an additional 3,235 shares during the period. Rhumbline Advisers raised its holdings in Howard Bancorp by 47.4% during the fourth quarter. Rhumbline Advisers now owns 17,892 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 5,755 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Howard Bancorp by 1.9% during 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 acquiring an additional 829 shares during the period. Institutional investors own 53.46% of the company’s stock.

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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