Howard Bancorp (NASDAQ:HBMD) is scheduled to announce its earnings results before the market opens on Wednesday, April 18th. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
Howard Bancorp (NASDAQ:HBMD) last issued its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Howard Bancorp had a net margin of 11.51% and a return on equity of 5.72%. The firm had revenue of $14.53 million for the quarter, compared to the consensus estimate of $15.35 million. On average, analysts expect Howard Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of HBMD opened at $19.25 on Tuesday. Howard Bancorp has a 12-month low of $16.70 and a 12-month high of $24.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.01. The stock has a market cap of $185.12, a P/E ratio of 24.37 and a beta of -0.06.
Several hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System bought a new stake in shares of Howard Bancorp in the 2nd quarter valued at approximately $300,000. Vanguard Group Inc. grew its stake in shares of Howard Bancorp by 124.2% in the 2nd quarter. Vanguard Group Inc. now owns 101,078 shares of the financial services provider’s stock valued at $1,946,000 after purchasing an additional 56,004 shares during the period. Finally, State Street Corp bought a new stake in shares of Howard Bancorp in the 2nd quarter valued at approximately $1,735,000. Institutional investors own 64.85% of the company’s stock.
Several equities analysts recently issued reports on HBMD shares. Zacks Investment Research upgraded Howard Bancorp from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Wednesday, January 10th. Merion Capital Group upgraded 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. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $23.00.
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About Howard Bancorp
Howard Bancorp, Inc operates as the bank holding company for Howard Bank that 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 deposits, money market accounts, savings accounts, individual retirement accounts, and commercial and retail checking accounts, as well as certificates of deposit.
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