Howard Bancorp, Inc. (HBMD) Stake Cut by Hilton Capital Management LLC
Hilton Capital Management LLC cut its stake in Howard Bancorp, Inc. (NASDAQ:HBMD) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 175,915 shares of the financial services provider’s stock after selling 2,650 shares during the period. Hilton Capital Management LLC owned about 1.80% of Howard Bancorp worth $3,386,000 at the end of the most recent quarter.
Separately, Schwab Charles Investment Management Inc. purchased a new stake in Howard Bancorp during the second quarter valued at approximately $293,000. 59.67% of the stock is owned by institutional investors.
Shares of Howard Bancorp, Inc. (HBMD) traded up 0.26% during mid-day trading on Friday, hitting $19.50. 39,695 shares of the stock traded hands. Howard Bancorp, Inc. has a 52 week low of $12.55 and a 52 week high of $20.70. The company has a market cap of $191.24 million, a price-to-earnings ratio of 25.29 and a beta of -0.03. The stock has a 50-day moving average of $19.03 and a 200-day moving average of $18.74.
Howard Bancorp (NASDAQ:HBMD) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.21 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.21. The business had revenue of $14.81 million for the quarter, compared to the consensus estimate of $13.95 million. Howard Bancorp had a net margin of 11.01% and a return on equity of 5.93%. Analysts anticipate that Howard Bancorp, Inc. will post $0.87 EPS for the current year.
Several analysts have recently issued reports on HBMD shares. TheStreet raised shares of Howard Bancorp from a “c+” rating to a “b+” rating in a research note on Thursday, June 1st. UBS AG cut shares of Howard Bancorp from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, August 10th. Raymond James Financial, Inc. reissued an “outperform” rating on shares of Howard Bancorp in a research note on Thursday, August 10th. Stephens raised shares of Howard Bancorp from an “equal weight” rating to an “overweight” rating and set a $21.00 price objective for the company in a research note on Friday, August 18th. Finally, Zacks Investment Research raised shares of Howard Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Howard Bancorp has a consensus rating of “Strong Buy” and an average target price of $21.00.
Howard Bancorp Company Profile
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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