Northern Trust Corp Has $2.20 Million Stake in Howard Bancorp Inc (NASDAQ:HBMD)

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Northern Trust Corp grew its position in shares of Howard Bancorp Inc (NASDAQ:HBMD) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,882 shares of the financial services provider’s stock after buying an additional 3,115 shares during the quarter. Northern Trust Corp owned approximately 0.76% of Howard Bancorp worth $2,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HBMD. Strs Ohio acquired a new stake in shares of Howard Bancorp during the 2nd quarter valued at about $101,000. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $482,000 after buying an additional 2,042 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Howard Bancorp by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 47,587 shares of the financial services provider’s stock valued at $722,000 after buying an additional 4,226 shares during the last quarter. Institutional investors and hedge funds own 52.87% of the company’s stock.

HBMD opened at $16.09 on Tuesday. The business has a 50 day moving average price of $15.84 and a 200 day moving average price of $14.77. Howard Bancorp Inc has a twelve month low of $12.60 and a twelve month high of $19.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.94 and a current ratio of 0.96. The firm has a market cap of $305.49 million, a P/E ratio of 24.75 and a beta of 0.35.

Howard Bancorp (NASDAQ:HBMD) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). Howard Bancorp had a return on equity of 5.70% and a net margin of 9.63%. The company had revenue of $23.20 million during the quarter, compared to analyst estimates of $22.38 million. As a group, analysts anticipate that Howard Bancorp Inc will post 0.95 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on HBMD. ValuEngine upgraded Howard Bancorp from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Zacks Investment Research lowered Howard Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. TheStreet lowered Howard Bancorp from a “b-” rating to a “c+” rating in a report on Monday, August 5th. Finally, BidaskClub lowered Howard Bancorp from a “buy” rating to a “hold” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $16.00.

About Howard Bancorp

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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Institutional Ownership by Quarter for Howard Bancorp (NASDAQ:HBMD)

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