PNC Financial Services Group Inc. maintained its stake in Howard Bancorp, Inc. (NASDAQ:HBMD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,200 shares of the financial services provider’s stock at the close of the 2nd quarter. PNC Financial Services Group Inc. owned 0.34% of Howard Bancorp worth $640,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TIAA CREF Investment Management LLC bought a new stake in shares of Howard Bancorp during the 2nd quarter valued at about $447,000. Teachers Advisors LLC bought a new stake in shares of Howard Bancorp during the 2nd quarter valued at about $296,000. JPMorgan Chase & Co. bought a new stake in shares of Howard Bancorp during the 2nd quarter valued at about $363,000. Biegel & Waller LLC boosted its stake in shares of Howard Bancorp by 1.7% during the 2nd quarter. Biegel & Waller LLC now owns 100,784 shares of the financial services provider’s stock valued at $1,940,000 after purchasing an additional 1,672 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Howard Bancorp during the 2nd quarter valued at about $473,000. 65.03% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, EVP Steven Poynot sold 1,334 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $20.46, for a total value of $27,293.64. Following the sale, the executive vice president now directly owns 167 shares in the company, valued at approximately $3,416.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.59% of the stock is currently owned by company insiders.

Howard Bancorp, Inc. (NASDAQ:HBMD) opened at 21.70 on Friday. Howard Bancorp, Inc. has a 12 month low of $12.85 and a 12 month high of $22.10. The stock has a market capitalization of $212.81 million, a PE ratio of 28.15 and a beta of -0.01. The company’s 50-day moving average is $20.59 and its 200-day moving average is $19.31.

Howard Bancorp (NASDAQ:HBMD) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. Howard Bancorp had a net margin of 11.01% and a return on equity of 5.93%. The business had revenue of $14.81 million for the quarter, compared to analysts’ expectations of $13.95 million. Equities research analysts forecast that Howard Bancorp, Inc. will post $0.87 EPS for the current year.

A number of research analysts recently issued reports on the stock. Raymond James Financial, Inc. raised shares of Howard Bancorp from an “outperform” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research report on Monday, August 21st. Zacks Investment Research raised shares of Howard Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, August 22nd. UBS AG cut shares of Howard Bancorp from a “strong-buy” rating to an “outperform” rating in a research report 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 target for the company in a research report on Friday, August 18th. Finally, TheStreet cut shares of Howard Bancorp from a “b” rating to a “c+” rating in a research report on Monday, August 21st. 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. The stock has an average rating of “Strong Buy” and a consensus price target 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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Institutional Ownership by Quarter for Howard Bancorp (NASDAQ:HBMD)

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