November 21, 2016 - By Marguerite Chambers · 0 Comments
Howard Bancorp Inc (NASDAQ:HBMD) institutional sentiment decreased to 1.17 in Q2 2016. Its down -0.83, from 2 in 2016Q1. The ratio dropped, as 10 active investment managers opened new and increased positions, while 5 sold and reduced equity positions in Howard Bancorp Inc. The active investment managers in our partner’s database now own: 2.91 million shares, up from 2.76 million shares in 2016Q1. Also, the number of active investment managers holding Howard Bancorp Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 4 Increased: 8 New Position: 2.
Howard Bancorp, Inc. is the bank holding firm of Howard Bank. The company has a market cap of $100.48 million. The Company’s primary business is to own all of the capital stock of Howard Bank. It has a 21.6 P/E ratio. The Firm operates through Community Banking segment.
It is down 16.24% since April 19, 2016 and is uptrending. It has outperformed by 12.38% the S&P500.
According to Zacks Investment Research, “Howard Bancorp, Inc., headquartered in Ellicott City, Maryland, operates as a holding company for Howard Bank that provides a range of commercial and retail banking services in Maryland. It offers various deposits products, such as community business, business relationship, business solutions, super, howard relationship, and howard maximum checking accounts; individual retirement accounts; business, junior, and personal savings accounts; anniversary, incentive, and business money market accounts; and certificates of deposits. The company’s loan portfolio comprises commercial construction, commercial real estate, home equity, and consumer installment loans; and commercial and unsecured lines of credit. Howard Bancorp also provides business and personal online banking and Web BillPay services, ATM cards, business credit cards, and cash management, lockbox processing, and wire transfers services.”
Stieven Capital Advisors L.P. holds 1.4% of its portfolio in Howard Bancorp Inc for 387,704 shares. Hilton Capital Management Llc owns 201,765 shares or 0.83% of their US portfolio. Moreover, Ejf Capital Llc has 0.82% invested in the company for 675,587 shares. The Connecticut-based Endeavour Capital Advisors Inc has invested 0.27% in the stock. Emerald Mutual Fund Advisers Trust, a Pennsylvania-based fund reported 262,499 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 insider sale for $216,705 net activity.
Ratings analysis reveals 50% of Howard Bancorp’s analysts are positive. Out of 2 Wall Street analysts rating Howard Bancorp, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $13.50 while the high is $14. The stock’s average target of $13.75 is -3.44% below today’s ($14.24) share price. HBMD was included in 2 notes of analysts from November 23, 2015. The firm earned “Neutral” rating on Monday, November 23 by Merion Capital. Merion Capital Group upgraded it to “Outperform” rating and $14 target price in Tuesday, April 26 report.
Howard Bancorp, Inc., incorporated on April 19, 2005, is the bank holding firm of Howard Bank. The Company’s primary business is to own all of the capital stock of Howard Bank. The Firm operates through Community Banking segment. Howard Bank is a trust company, which has approximately four operating subsidiaries. Three of its subsidiaries hold foreclosed real estate and the other one owns and manages real estate that the Company uses for one of its branch locations and it also contains office and retail space. The Firm 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. Additionally, it provides Internet banking services to its clients and merchant card services for its business customers.
More notable recent Howard Bancorp Inc (NASDAQ:HBMD) news were published by: Businesswire.com which released: “Howard Bancorp, Inc. Completes Acquisition of Patapsco Bancorp, Inc.” on August 31, 2015, also Businesswire.com with their article: “Howard Bancorp and Patapsco Bancorp to Merge; Howard Receives Commitments for …” published on March 03, 2015, Businesswire.com published: “Howard Bancorp, Inc. Reaches Milestone of $1 Billion in Asset Size With …” on October 18, 2016. More interesting news about Howard Bancorp Inc (NASDAQ:HBMD) were released by: Baltimoresun.com and their article: “Howard Bancorp reaches $1 billion in assets” published on October 18, 2016 as well as Baltimoresun.com‘s news article titled: “Howard Bancorp reports $1.5 million profit in second quarter” with publication date: July 22, 2016.
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By Marguerite Chambers