Howard Bancorp (NASDAQ:HBMD) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Wednesday, BidAskClub reports.

A number of other analysts have also commented on the company. ValuEngine raised Howard Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, December 26th. Zacks Investment Research lowered Howard Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th. TheStreet raised Howard Bancorp from a “c+” rating to a “b” rating in a research note on Friday, October 25th. Finally, Stephens initiated coverage on Howard Bancorp in a research note on Monday, January 6th. They set an “equal weight” rating and a $17.50 price objective on the stock. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Howard Bancorp presently has an average rating of “Hold” and a consensus target price of $18.25.

Shares of Howard Bancorp stock traded up $0.01 during trading hours on Wednesday, hitting $17.60. 1,469 shares of the company were exchanged, compared to its average volume of 26,724. The business has a 50-day moving average of $17.05 and a 200-day moving average of $16.03. Howard Bancorp has a 1 year low of $12.60 and a 1 year high of $19.20. The stock has a market capitalization of $345.57 million, a price-to-earnings ratio of 20.01 and a beta of 0.35. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.09.

Howard Bancorp (NASDAQ:HBMD) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.04. The company had revenue of $22.89 million for the quarter, compared to analyst estimates of $22.06 million. Howard Bancorp had a return on equity of 6.33% and a net margin of 15.01%. As a group, research analysts anticipate that Howard Bancorp will post 1.05 earnings per share for the current fiscal year.

In related news, EVP Steven Poynot sold 2,500 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $16.97, for a total transaction of $42,425.00. In the last ninety days, insiders have purchased 1,071 shares of company stock worth $14,919. Corporate insiders own 23.17% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Howard Bancorp by 1.4% in the 3rd quarter. State Street Corp now owns 221,539 shares of the financial services provider’s stock worth $3,697,000 after purchasing an additional 3,119 shares during the period. Rhumbline Advisers raised its holdings in shares of Howard Bancorp by 8.9% in the 3rd quarter. Rhumbline Advisers now owns 20,120 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 1,638 shares during the period. Vanguard Group Inc. raised its holdings in shares of Howard Bancorp by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 708,470 shares of the financial services provider’s stock worth $10,748,000 after purchasing an additional 7,116 shares during the period. Northern Trust Corp raised its holdings in shares of Howard Bancorp by 2.2% in the 2nd quarter. Northern Trust Corp now owns 144,882 shares of the financial services provider’s stock worth $2,198,000 after purchasing an additional 3,115 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Howard Bancorp by 21.4% in the 2nd quarter. Victory Capital Management Inc. now owns 98,900 shares of the financial services provider’s stock worth $1,500,000 after purchasing an additional 17,465 shares during the period. Hedge funds and other institutional investors own 53.00% of the company’s stock.

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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