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

Wall Street analysts expect Howard Bancorp, Inc. (NASDAQ:HBMD) to report $0.33 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Howard Bancorp’s earnings, with estimates ranging from $0.32 to $0.33. Howard Bancorp reported earnings of $0.25 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 32%. The firm is expected to issue its next earnings results on Wednesday, October 27th.

According to Zacks, analysts expect that Howard Bancorp will report full year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.30. For the next year, analysts forecast that the business will post earnings of $1.22 per share, with EPS estimates ranging from $1.10 to $1.30. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Howard Bancorp.

Howard Bancorp (NASDAQ:HBMD) last announced its quarterly earnings results on Tuesday, July 20th. The financial services provider reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.07. The business had revenue of $22.44 million for the quarter, compared to analyst estimates of $21.50 million. Howard Bancorp had a return on equity of 8.05% and a net margin of 24.20%.

Several analysts recently commented on the company. Stephens lowered Howard Bancorp from an “overweight” rating to an “equal weight” rating and set a $22.50 price target on the stock. in a research note on Monday, July 26th. Zacks Investment Research raised 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. Finally, Keefe, Bruyette & Woods raised Howard Bancorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $17.00 to $28.00 in a research note on Thursday, July 15th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $21.88.

Institutional investors have recently bought and sold shares of the business. Stifel Financial Corp boosted its stake in Howard Bancorp by 127.6% in the first quarter. Stifel Financial Corp now owns 63,010 shares of the financial services provider’s stock worth $1,036,000 after purchasing an additional 35,323 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Howard Bancorp by 82.6% in the first quarter. BNP Paribas Arbitrage SA now owns 6,241 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 2,823 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Howard Bancorp by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 419,635 shares of the financial services provider’s stock valued at $4,956,000 after acquiring an additional 2,400 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Howard Bancorp by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 43,203 shares of the financial services provider’s stock valued at $710,000 after acquiring an additional 730 shares during the period. Finally, Barings LLC acquired a new position in shares of Howard Bancorp during the second quarter valued at $1,676,000. 57.54% of the stock is currently owned by institutional investors.

HBMD stock traded up $1.11 during trading on Monday, hitting $20.81. The company had a trading volume of 8,804 shares, compared to its average volume of 57,772. The company has a fifty day moving average price of $19.49 and a two-hundred day moving average price of $17.63. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.77. The company has a market cap of $391.46 million, a P/E ratio of 16.15 and a beta of 0.95. Howard Bancorp has a fifty-two week low of $8.78 and a fifty-two week high of $20.50.

Howard Bancorp Company Profile

Howard Bancorp, Inc is a holding company, which engages in the provision of community banking services through its subsidiary, Howard Bank. It offers commercial banking, insurance, investments, mortgage banking, consumer finance, and real estate loans through banking branches, online, and other distribution channels to businesses, business owners, professionals, and other consumers.

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Earnings History and Estimates for Howard Bancorp (NASDAQ:HBMD)

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