Howard Bancorp (HBMD) Earning Somewhat Positive News Coverage, Report Finds
Media headlines about Howard Bancorp (NASDAQ:HBMD) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Howard Bancorp earned a news sentiment score of 0.01 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.0123523070914 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of equities analysts have recently issued reports on the stock. Raymond James Financial, Inc. reissued an “outperform” rating and set a $23.00 price objective (up previously from $22.00) on shares of Howard Bancorp in a research report on Friday, October 20th. Zacks Investment Research cut shares of Howard Bancorp from a “strong-buy” rating to a “sell” rating in a research report on Monday, October 23rd. TheStreet cut shares of Howard Bancorp from a “b” rating to a “c+” rating in a research report on Monday, August 21st. UBS AG cut shares of Howard Bancorp from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, August 10th. Finally, Stephens raised shares of Howard Bancorp from an “equal weight” rating to an “overweight” rating and set a $21.00 price objective on the stock in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.33.
Howard Bancorp (NASDAQ:HBMD) traded up $0.05 during mid-day trading on Monday, hitting $21.20. 9,573 shares of the stock were exchanged, compared to its average volume of 21,794. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. Howard Bancorp has a one year low of $13.50 and a one year high of $22.30. The company has a market cap of $207.52, a PE ratio of 30.65 and a beta of -0.10.
Howard Bancorp (NASDAQ:HBMD) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.06). Howard Bancorp had a return on equity of 5.53% and a net margin of 10.57%. The business had revenue of $14.86 million for the quarter, compared to analysts’ expectations of $15.20 million. research analysts forecast that Howard Bancorp will post 0.82 EPS for the current year.
In other news, EVP Steven Poynot sold 1,334 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $20.46, for a total value of $27,293.64. Following the completion of the sale, the executive vice president now directly owns 167 shares in the company, valued at approximately $3,416.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.59% of the stock is owned by insiders.
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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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