Howard Bancorp, Inc. (NASDAQ:HBMD) was downgraded by stock analysts at UBS AG from a “strong-buy” rating to an “outperform” rating in a research report issued to clients and investors on Thursday.

Separately, TheStreet upgraded shares of Howard Bancorp from a “c+” rating to a “b+” rating in a research note on Thursday, June 1st.

Howard Bancorp (NASDAQ HBMD) opened at 18.60 on Thursday. The firm has a 50-day moving average of $19.39 and a 200-day moving average of $18.63. The stock has a market cap of $182.21 million, a PE ratio of 24.19 and a beta of -0.03. Howard Bancorp has a 12-month low of $12.24 and a 12-month high of $20.70.

Howard Bancorp (NASDAQ:HBMD) last released its earnings results on Wednesday, July 19th. The financial services provider reported $0.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Howard Bancorp had a net margin of 11.01% and a return on equity of 6.38%. The company had revenue of $14.81 million during the quarter, compared to analysts’ expectations of $13.95 million. Equities analysts predict that Howard Bancorp will post $0.85 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. bought a new position in shares of Howard Bancorp during the second quarter worth about $293,000. JPMorgan Chase & Co. bought a new position in shares of Howard Bancorp during the second quarter worth about $363,000. Bank of New York Mellon Corp bought a new position in shares of Howard Bancorp during the second quarter worth about $473,000. Finally, Biegel & Waller LLC increased its position in shares of Howard Bancorp by 1.7% in the second quarter. Biegel & Waller LLC now owns 100,784 shares of the financial services provider’s stock worth $1,940,000 after buying an additional 1,672 shares in the last quarter. Institutional investors and hedge funds own 59.27% of the company’s stock.

Howard Bancorp Company Profile

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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