Howard Bancorp, Inc. (NASDAQ:HBMD) Issues Earnings Results
Howard Bancorp, Inc. (NASDAQ:HBMD) released its quarterly earnings results on Wednesday. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21, Yahoo Finance reports. The business had revenue of $14.81 million during the quarter, compared to the consensus estimate of $13.95 million. Howard Bancorp had a return on equity of 6.22% and a net margin of 10.67%.
Howard Bancorp (NASDAQ:HBMD) traded down 1.716% during trading on Thursday, reaching $19.067. The company’s stock had a trading volume of 2,259 shares. The company has a 50-day moving average of $19.20 and a 200 day moving average of $18.23. The firm has a market cap of $186.21 million, a PE ratio of 24.539 and a beta of -0.03. Howard Bancorp has a one year low of $12.24 and a one year high of $20.70.
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Separately, TheStreet upgraded Howard Bancorp from a “c+” rating to a “b+” rating in a research note on Thursday, June 1st.
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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