Howard Bancorp Inc (NASDAQ:HBMD) Director Robert J. Hartson sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $23.15, for a total value of $173,625.00. Following the sale, the director now owns 159,276 shares of the company’s stock, valued at $3,687,239.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Howard Bancorp Inc (NASDAQ HBMD) traded down $0.15 during trading hours on Friday, reaching $22.95. The company’s stock had a trading volume of 49,499 shares, compared to its average volume of 31,998. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. Howard Bancorp Inc has a one year low of $15.00 and a one year high of $24.20. The firm has a market capitalization of $225.25, a PE ratio of 32.79 and a beta of 0.19.
Howard Bancorp (NASDAQ:HBMD) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.06). Howard Bancorp had a return on equity of 5.33% and a net margin of 10.57%. The firm had revenue of $14.86 million for the quarter, compared to analyst estimates of $15.20 million. equities analysts predict that Howard Bancorp Inc will post 0.8 earnings per share for the current fiscal year.
HBMD has been the subject of a number of analyst reports. Raymond James Financial restated an “outperform” rating and issued a $23.00 price target (up from $22.00) on shares of Howard Bancorp in a research report on Friday, October 20th. Zacks Investment Research cut Howard Bancorp from a “strong-buy” rating to a “sell” rating in a report on Monday, October 23rd. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Howard Bancorp has an average rating of “Buy” and an average price target of $23.00.
Several institutional investors have recently bought and sold shares of HBMD. Macquarie Group Ltd. purchased a new position in shares of Howard Bancorp during the third quarter worth about $118,000. New York State Common Retirement Fund purchased a new position in shares of Howard Bancorp during the second quarter worth about $181,000. OxFORD Asset Management LLP purchased a new position in shares of Howard Bancorp during the third quarter worth about $235,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Howard Bancorp during the second quarter worth about $293,000. Finally, Teachers Advisors LLC purchased a new position in shares of Howard Bancorp during the second quarter worth about $296,000. 64.56% of the stock is currently owned by institutional investors and hedge funds.
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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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