Howard Bancorp (NASDAQ:HBMD) Stock Crosses Above Two Hundred Day Moving Average of $0.00

Shares of Howard Bancorp Inc (NASDAQ:HBMD) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $14.88. Howard Bancorp shares last traded at $14.85, with a volume of 101 shares trading hands.

Several research firms recently commented on HBMD. Zacks Investment Research downgraded shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. TheStreet upgraded shares of Howard Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, July 2nd. Finally, BidaskClub upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a research note on Saturday, June 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Howard Bancorp presently has a consensus rating of “Hold” and an average price target of $16.00.

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.99 and a quick ratio of 0.97. The firm’s 50 day moving average price is $14.23. The firm has a market cap of $289.73 million, a price-to-earnings ratio of 22.58 and a beta of 0.30.

Howard Bancorp (NASDAQ:HBMD) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $22.01 million for the quarter, compared to the consensus estimate of $21.40 million. Howard Bancorp had a net margin of 5.73% and a return on equity of 4.81%. Sell-side analysts forecast that Howard Bancorp Inc will post 1 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in HBMD. Bank of New York Mellon Corp lifted its holdings 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 worth $632,000 after acquiring an additional 829 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Howard Bancorp by 1.3% in the fourth quarter. Northern Trust Corp now owns 136,069 shares of the financial services provider’s stock worth $1,945,000 after acquiring an additional 1,726 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings 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 worth $41,000 after acquiring an additional 2,454 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Howard Bancorp by 31.9% in the fourth quarter. Bank of America Corp DE now owns 13,375 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 3,235 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Howard Bancorp by 47.4% in the fourth quarter. Rhumbline Advisers now owns 17,892 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 5,755 shares during the last quarter. Hedge funds and other institutional investors own 52.80% of the company’s stock.

About Howard Bancorp (NASDAQ:HBMD)

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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