Press coverage about Howard Bancorp (NASDAQ:HBMD) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Howard Bancorp earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.1716719014931 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms have issued reports on HBMD. Zacks Investment Research raised shares of Howard Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, August 22nd. TheStreet downgraded shares of Howard Bancorp from a “b” rating to a “c+” rating in a report on Monday, August 21st. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of Howard Bancorp in a report on Thursday, August 10th. UBS AG downgraded shares of Howard Bancorp from a “strong-buy” rating to an “outperform” rating in a 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 target on the stock in a report on Friday, August 18th. Two equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Strong Buy” and a consensus price target of $21.00.
Shares of Howard Bancorp (HBMD) traded down 0.91% during trading on Friday, hitting $21.75. 802 shares of the company were exchanged. The stock has a market capitalization of $213.30 million, a PE ratio of 28.21 and a beta of -0.01. Howard Bancorp has a 1-year low of $12.85 and a 1-year high of $22.10. The company has a 50 day moving average of $20.53 and a 200-day moving average of $19.29.
Howard Bancorp (NASDAQ:HBMD) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Howard Bancorp had a return on equity of 6.43% and a net margin of 13.78%. The company had revenue of $14.81 million for the quarter, compared to analysts’ expectations of $13.95 million. On average, analysts forecast that Howard Bancorp will post $0.87 earnings per share for the current year.
In related news, EVP Steven Poynot sold 1,334 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $20.46, for a total transaction of $27,293.64. Following the sale, the executive vice president now directly owns 167 shares of the company’s stock, valued at $3,416.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.59% of the company’s stock.
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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