$0.33 Earnings Per Share Expected for Howard Bancorp, Inc. (NASDAQ:HBMD) This Quarter


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Wall Street analysts forecast that Howard Bancorp, Inc. (NASDAQ:HBMD) will post earnings of $0.33 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Howard Bancorp’s earnings. Howard Bancorp posted earnings per share of $0.14 in the same quarter last year, which would indicate a positive year over year growth rate of 135.7%. The business is expected to report its next quarterly earnings report on Wednesday, May 5th.

On average, analysts expect that Howard Bancorp will report full year earnings of $1.03 per share for the current financial year, with EPS estimates ranging from $0.80 to $1.18. For the next financial year, analysts expect that the company will report earnings of $0.98 per share, with EPS estimates ranging from $0.90 to $1.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Howard Bancorp.

Howard Bancorp (NASDAQ:HBMD) last released its quarterly earnings results on Thursday, January 28th. The financial services provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). The company had revenue of $21.83 million during the quarter, compared to the consensus estimate of $20.39 million. Howard Bancorp had a positive return on equity of 5.35% and a negative net margin of 15.10%.

Several research analysts recently issued reports on HBMD shares. Zacks Investment Research raised Howard Bancorp from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, March 17th. Piper Sandler started coverage on Howard Bancorp in a research report on Wednesday, March 17th. They set an “overweight” rating and a $20.00 target price on the stock.

Shares of HBMD traded up $0.17 during trading hours on Friday, hitting $15.87. The company had a trading volume of 103 shares, compared to its average volume of 22,803. The company’s fifty day moving average price is $15.65 and its two-hundred day moving average price is $12.62. Howard Bancorp has a one year low of $8.44 and a one year high of $17.79. The company has a market capitalization of $298.07 million, a PE ratio of -18.92 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.79.

Hedge funds have recently made changes to their positions in the company. Foundry Partners LLC increased its holdings in shares of Howard Bancorp by 4.3% in the fourth quarter. Foundry Partners LLC now owns 113,814 shares of the financial services provider’s stock valued at $1,344,000 after purchasing an additional 4,659 shares during the period. Geier Asset Management Inc. acquired a new position in shares of Howard Bancorp in the fourth quarter valued at about $454,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Howard Bancorp by 4.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,514,318 shares of the financial services provider’s stock valued at $29,694,000 after purchasing an additional 104,994 shares during the period. Strs Ohio increased its holdings in shares of Howard Bancorp by 5.7% in the third quarter. Strs Ohio now owns 20,400 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 1,100 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Howard Bancorp by 13.9% in the third quarter. BlackRock Inc. now owns 789,727 shares of the financial services provider’s stock valued at $7,092,000 after purchasing an additional 96,153 shares during the period. 55.09% of the stock is currently owned by institutional investors and hedge funds.

Howard Bancorp Company Profile

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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