EJF Capital LLC Trims Stake in Howard Bancorp (HBMD)
EJF Capital LLC cut its stake in shares of Howard Bancorp (NASDAQ:HBMD) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 848,359 shares of the financial services provider’s stock after selling 13,700 shares during the quarter. Howard Bancorp makes up approximately 1.4% of EJF Capital LLC’s holdings, making the stock its 22nd biggest holding. EJF Capital LLC owned about 8.63% of Howard Bancorp worth $16,798,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Hilton Capital Management LLC increased its position in shares of Howard Bancorp by 4.9% during the fourth quarter. Hilton Capital Management LLC now owns 201,815 shares of the financial services provider’s stock worth $4,440,000 after acquiring an additional 9,350 shares during the period. Victory Capital Management Inc. increased its position in shares of Howard Bancorp by 44.4% during the fourth quarter. Victory Capital Management Inc. now owns 62,535 shares of the financial services provider’s stock worth $1,376,000 after acquiring an additional 19,235 shares during the period. SG Americas Securities LLC purchased a new position in shares of Howard Bancorp during the fourth quarter worth approximately $150,000. EAM Investors LLC purchased a new position in shares of Howard Bancorp during the fourth quarter worth approximately $607,000. Finally, Trexquant Investment LP purchased a new position in shares of Howard Bancorp during the first quarter worth approximately $361,000. 73.27% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ HBMD opened at $17.30 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.96 and a current ratio of 1.00. Howard Bancorp has a 52-week low of $16.70 and a 52-week high of $24.20. The company has a market cap of $170.99 million, a PE ratio of 23.84 and a beta of -0.05.
HBMD has been the topic of a number of research reports. Zacks Investment Research raised shares of Howard Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 28th. Merion Capital Group upgraded shares of Howard Bancorp from a “neutral” rating to an “outperform” rating and set a $23.00 price objective on the stock in a research note on Friday, February 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. Howard Bancorp presently has a consensus rating of “Buy” and a consensus target price of $23.00.
Howard Bancorp Profile
Howard Bancorp, Inc operates as the bank holding company for Howard Bank that 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 deposits, money market accounts, savings accounts, individual retirement accounts, and commercial and retail checking accounts, as well as certificates of deposit.
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