Mendon Capital Advisors Corp lowered its stake in Howard Bancorp Inc (NASDAQ:HBMD) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 757,683 shares of the financial services provider’s stock after selling 23,360 shares during the period. Howard Bancorp accounts for 1.8% of Mendon Capital Advisors Corp’s portfolio, making the stock its 19th largest position. Mendon Capital Advisors Corp owned 3.98% of Howard Bancorp worth $11,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of HBMD. BNP Paribas Arbitrage SA increased its holdings in shares of Howard Bancorp by 779.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,769 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 2,454 shares in the last quarter. Strs Ohio acquired a new stake in shares of Howard Bancorp in the second quarter valued at approximately $101,000. Bank of America Corp DE increased its holdings in shares of Howard Bancorp by 31.9% in the fourth quarter. Bank of America Corp DE now owns 13,375 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 3,235 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Howard Bancorp by 6.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 31,740 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 2,042 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Howard Bancorp by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 47,587 shares of the financial services provider’s stock valued at $722,000 after purchasing an additional 4,226 shares in the last quarter. 52.87% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently weighed in on HBMD shares. TheStreet lowered shares of Howard Bancorp from a “b-” rating to a “c+” rating in a report on Monday, August 5th. BidaskClub raised shares of Howard Bancorp from a “hold” rating to a “buy” rating in a report on Friday. Finally, Zacks Investment Research raised shares of Howard Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $16.00.
HBMD stock traded up $0.24 during midday trading on Friday, reaching $16.43. The company’s stock had a trading volume of 2,306 shares, compared to its average volume of 18,218. Howard Bancorp Inc has a 52 week low of $12.60 and a 52 week high of $19.52. The stock has a market cap of $299.57 million, a PE ratio of 25.29 and a beta of 0.33. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The business’s 50-day simple moving average is $14.70 and its 200-day simple moving average is $14.31.
Howard Bancorp (NASDAQ:HBMD) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Howard Bancorp had a net margin of 9.63% and a return on equity of 5.70%. The business had revenue of $23.20 million during the quarter, compared to the consensus estimate of $22.38 million. As a group, equities analysts forecast that Howard Bancorp Inc will post 0.95 earnings per share for the current fiscal year.
Howard Bancorp Company Profile
Howard Bancorp, Inc operates as the bank holding company for Howard Bank that provides 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, money market, savings, individual retirement, and commercial and retail checking accounts, as well as certificates of deposit.
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