Media stories about Howard Bancorp (NASDAQ:HBMD) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Howard Bancorp earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.0660784323423 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several equities analysts have recently issued reports on HBMD shares. Zacks Investment Research downgraded shares of Howard Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Merion Capital Group raised shares of Howard Bancorp from a “neutral” rating to an “outperform” rating and set a $23.00 price target for the company in a research note on Friday, February 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Howard Bancorp presently has an average rating of “Buy” and an average target price of $23.00.
Shares of Howard Bancorp (NASDAQ HBMD) traded down $0.08 during midday trading on Wednesday, reaching $19.72. 5,314 shares of the company were exchanged, compared to its average volume of 23,410. Howard Bancorp has a fifty-two week low of $16.70 and a fifty-two week high of $24.20. The company has a market capitalization of $196.41, a P/E ratio of 26.20 and a beta of 0.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.95.
In related news, Director Robert J. Hartson sold 7,500 shares of Howard Bancorp stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $23.15, for a total transaction of $173,625.00. Following the completion of the transaction, the director now owns 159,276 shares of the company’s stock, valued at $3,687,239.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.59% of the stock is owned by company insiders.
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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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