Howard Bancorp (HBMD) Receiving Favorable News Coverage, Analysis Shows
News articles about Howard Bancorp (NASDAQ:HBMD) have trended positive on Tuesday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Howard Bancorp earned a daily sentiment score of 0.30 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.3308475654959 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of equities research analysts have recently issued reports on HBMD shares. Zacks Investment Research upgraded Howard Bancorp from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, August 22nd. Raymond James Financial, Inc. upgraded Howard Bancorp from an “outperform” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research report on Monday, August 21st. UBS AG upgraded Howard Bancorp from an “outperform” rating to a “strong-buy” rating in a research report on Monday, August 21st. TheStreet upgraded Howard Bancorp from a “c+” rating to a “b+” rating in a research report on Thursday, June 1st. Finally, Stephens upgraded Howard Bancorp from an “equal weight” rating to an “overweight” rating and set a $21.00 price target for the company in a research report on Friday, August 18th. Two investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Strong Buy” and an average target price of $21.00.
Shares of Howard Bancorp (HBMD) opened at 20.60 on Tuesday. The stock has a 50 day moving average price of $19.10 and a 200-day moving average price of $18.89. Howard Bancorp has a 52-week low of $12.67 and a 52-week high of $21.00. The stock has a market capitalization of $202.02 million, a price-to-earnings ratio of 26.72 and a beta of -0.02.
Howard Bancorp (NASDAQ:HBMD) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Howard Bancorp had a return on equity of 5.93% and a net margin of 11.01%. The firm had revenue of $14.81 million during the quarter, compared to the consensus estimate of $13.95 million. On average, equities research analysts predict that Howard Bancorp will post $0.87 EPS for the current fiscal year.
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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