Howard Bancorp Inc (HBMD) Director Robert W. Jr. Smith Buys 1,300 Shares

Howard Bancorp Inc (NASDAQ:HBMD) Director Robert W. Jr. Smith purchased 1,300 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average cost of $18.43 per share, for a total transaction of $23,959.00. Following the completion of the purchase, the director now directly owns 35,678 shares in the company, valued at $657,545.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Howard Bancorp Inc (NASDAQ:HBMD) opened at $18.45 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.95. The company has a market capitalization of $178.24, a P/E ratio of 23.57 and a beta of -0.17. Howard Bancorp Inc has a 12 month low of $16.70 and a 12 month high of $24.20.

Howard Bancorp (NASDAQ:HBMD) last issued its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The business had revenue of $14.53 million during the quarter, compared to the consensus estimate of $15.35 million. Howard Bancorp had a return on equity of 5.76% and a net margin of 11.51%. equities analysts predict that Howard Bancorp Inc will post 1.25 earnings per share for the current fiscal year.

A number of equities analysts have commented on the company. Zacks Investment Research cut Howard Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday. Merion Capital Group raised Howard Bancorp from a “neutral” rating to an “outperform” rating and set a $23.00 price target on the stock in a research note on Friday, February 9th. They noted that the move was a valuation call. Finally, Raymond James Financial reaffirmed 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 investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $23.00.

Several hedge funds have recently modified their holdings of HBMD. Macquarie Group Ltd. bought a new stake in shares of Howard Bancorp in the 3rd quarter worth approximately $118,000. SG Americas Securities LLC bought a new stake in shares of Howard Bancorp in the 4th quarter worth approximately $150,000. New York State Common Retirement Fund bought a new stake in shares of Howard Bancorp in the 2nd quarter worth approximately $181,000. OxFORD Asset Management LLP bought a new stake in shares of Howard Bancorp in the 3rd quarter worth approximately $235,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Howard Bancorp in the 2nd quarter worth approximately $293,000. Hedge funds and other institutional investors own 63.23% of the company’s stock.

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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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