Howard Bancorp Inc (NASDAQ:HBMD) President Robert D. Jr. Kunisch purchased 5,000 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were bought at an average price of $17.16 per share, for a total transaction of $85,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
HBMD remained flat at $$18.50 during trading hours on Friday. The company had a trading volume of 31,080 shares, compared to its average volume of 21,869. Howard Bancorp Inc has a 12-month low of $15.70 and a 12-month high of $24.20. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a market cap of $350.99 million, a PE ratio of 29.76 and a beta of -0.10.
Howard Bancorp (NASDAQ:HBMD) last posted its earnings results on Wednesday, July 25th. The financial services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.14). The business had revenue of $23.50 million during the quarter, compared to analyst estimates of $23.16 million. Howard Bancorp had a negative net margin of 5.58% and a positive return on equity of 3.55%. equities analysts predict that Howard Bancorp Inc will post 0.65 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new position in Howard Bancorp during the 2nd quarter valued at $123,000. Rhumbline Advisers bought a new position in Howard Bancorp during the 2nd quarter valued at $221,000. PNC Financial Services Group Inc. boosted its stake in Howard Bancorp by 122.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 18,200 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 10,000 shares in the last quarter. Trexquant Investment LP bought a new position in Howard Bancorp during the 1st quarter valued at $361,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Howard Bancorp by 60.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 24,400 shares of the financial services provider’s stock valued at $440,000 after purchasing an additional 9,200 shares in the last quarter. 52.42% of the stock is owned by hedge funds and other institutional investors.
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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