Howard Bancorp (HBMD) Scheduled to Post Earnings on Wednesday

Howard Bancorp (NASDAQ:HBMD) is scheduled to be announcing its earnings results before the market opens on Wednesday, January 17th. Analysts expect the company to announce earnings of $0.24 per share for the quarter.

Howard Bancorp (NASDAQ:HBMD) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.06). The company had revenue of $14.86 million during the quarter, compared to analysts’ expectations of $15.20 million. Howard Bancorp had a net margin of 10.57% and a return on equity of 5.33%. On average, analysts expect Howard Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Howard Bancorp (NASDAQ HBMD) opened at $22.35 on Wednesday. The stock has a market cap of $218.87, a P/E ratio of 32.39 and a beta of -0.08. Howard Bancorp has a 52 week low of $15.00 and a 52 week high of $24.20. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 0.05.

In related news, Director Robert J. Hartson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $23.15, for a total transaction of $173,625.00. Following the sale, the director now directly owns 159,276 shares of the company’s stock, valued at approximately $3,687,239.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.59% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System purchased a new stake in Howard Bancorp during the 2nd quarter worth approximately $300,000. State Street Corp purchased a new stake in Howard Bancorp during the 2nd quarter worth approximately $1,735,000. Finally, Vanguard Group Inc. increased its stake in Howard Bancorp by 124.2% during the 2nd quarter. Vanguard Group Inc. now owns 101,078 shares of the financial services provider’s stock worth $1,946,000 after buying an additional 56,004 shares during the period. 64.56% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on HBMD shares. Zacks Investment Research raised shares of Howard Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Raymond James Financial reissued an “outperform” rating and issued a $23.00 price target (up from $22.00) on shares of Howard Bancorp in a research note on Friday, October 20th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Howard Bancorp currently has an average rating of “Buy” and an average target price of $21.33.

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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.

Earnings History for Howard Bancorp (NASDAQ:HBMD)

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