Weekly Investment Analysts’ Ratings Updates for Howard Bancorp (HBMD)

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Several brokerages have updated their recommendations and price targets on shares of Howard Bancorp (NASDAQ: HBMD) in the last few weeks:

  • 8/14/2019 – Howard Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Howard Bancorp, Inc., headquartered in Ellicott City, Maryland, operates as a holding company for Howard Bank that provides a range of commercial and retail banking services in Maryland. It offers various deposits products, such as community business, business relationship, business solutions, super, howard relationship, and howard maximum checking accounts; individual retirement accounts; business, junior, and personal savings accounts; anniversary, incentive, and business money market accounts; and certificates of deposits. The company’s loan portfolio comprises commercial construction, commercial real estate, home equity, and consumer installment loans; and commercial and unsecured lines of credit. Howard Bancorp also provides business and personal online banking and Web BillPay services, ATM cards, business credit cards, and cash management, lockbox processing, and wire transfers services. “
  • 8/8/2019 – Howard Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/6/2019 – Howard Bancorp was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Howard Bancorp, Inc., headquartered in Ellicott City, Maryland, operates as a holding company for Howard Bank that provides a range of commercial and retail banking services in Maryland. It offers various deposits products, such as community business, business relationship, business solutions, super, howard relationship, and howard maximum checking accounts; individual retirement accounts; business, junior, and personal savings accounts; anniversary, incentive, and business money market accounts; and certificates of deposits. The company’s loan portfolio comprises commercial construction, commercial real estate, home equity, and consumer installment loans; and commercial and unsecured lines of credit. Howard Bancorp also provides business and personal online banking and Web BillPay services, ATM cards, business credit cards, and cash management, lockbox processing, and wire transfers services. “
  • 8/5/2019 – Howard Bancorp was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 8/1/2019 – Howard Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/19/2019 – Howard Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/12/2019 – Howard Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Howard Bancorp, Inc., headquartered in Ellicott City, Maryland, operates as a holding company for Howard Bank that provides a range of commercial and retail banking services in Maryland. It offers various deposits products, such as community business, business relationship, business solutions, super, howard relationship, and howard maximum checking accounts; individual retirement accounts; business, junior, and personal savings accounts; anniversary, incentive, and business money market accounts; and certificates of deposits. The company’s loan portfolio comprises commercial construction, commercial real estate, home equity, and consumer installment loans; and commercial and unsecured lines of credit. Howard Bancorp also provides business and personal online banking and Web BillPay services, ATM cards, business credit cards, and cash management, lockbox processing, and wire transfers services. “
  • 7/2/2019 – Howard Bancorp was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 6/29/2019 – Howard Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Howard Bancorp stock traded up $0.01 during trading hours on Friday, hitting $14.26. The company had a trading volume of 11 shares, compared to its average volume of 22,587. The firm has a market cap of $271.33 million, a PE ratio of 21.94 and a beta of 0.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.96 and a quick ratio of 0.94. Howard Bancorp Inc has a one year low of $12.60 and a one year high of $19.52. The firm has a 50-day moving average of $14.68 and a 200 day moving average of $14.21.

A number of institutional investors have recently added to or reduced their stakes in HBMD. BNP Paribas Arbitrage SA raised its holdings in Howard Bancorp by 779.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,769 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 2,454 shares during the period. Strs Ohio acquired a new position in shares of Howard Bancorp during the 2nd quarter worth approximately $101,000. Bank of America Corp DE grew its position in shares of Howard Bancorp by 31.9% during the 4th quarter. Bank of America Corp DE now owns 13,375 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 3,235 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Howard Bancorp by 6.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 31,740 shares of the financial services provider’s stock worth $482,000 after purchasing an additional 2,042 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Howard Bancorp by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 44,224 shares of the financial services provider’s stock worth $632,000 after purchasing an additional 829 shares in the last quarter. 52.17% of the stock is currently owned by hedge funds and other institutional investors.

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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