Howard Bancorp (NASDAQ:HBMD) Posts Earnings Results, Beats Expectations By $0.07 EPS

Howard Bancorp (NASDAQ:HBMD) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07, MarketWatch Earnings reports. Howard Bancorp had a negative net margin of 14.65% and a positive return on equity of 6.91%.

Howard Bancorp stock opened at $19.75 on Thursday. The firm has a market cap of $370.91 million, a price-to-earnings ratio of -26.33 and a beta of 0.93. The business’s 50-day moving average price is $16.95. Howard Bancorp has a fifty-two week low of $8.70 and a fifty-two week high of $20.50. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.87.

HBMD has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Howard Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, July 8th. Keefe, Bruyette & Woods upgraded shares of Howard Bancorp from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $17.00 to $28.00 in a research note on Thursday, July 15th. Finally, Stephens upgraded shares of Howard Bancorp from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $17.50 to $19.50 in a research note on Monday, May 3rd. Four equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $21.13.

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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Earnings History for Howard Bancorp (NASDAQ:HBMD)

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