Analysts Set Howard Bancorp Inc (HBMD) Price Target at $20.00
Shares of Howard Bancorp Inc (NASDAQ:HBMD) have earned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $20.00.
A number of analysts have recently issued reports on the company. ValuEngine raised Howard Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. Raymond James lowered Howard Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 10th. Zacks Investment Research lowered Howard Bancorp from a “hold” rating to a “strong sell” rating in a report on Thursday, May 3rd. Stephens reissued a “buy” rating and issued a $18.00 price objective on shares of Howard Bancorp in a report on Wednesday, August 1st. Finally, Keefe, Bruyette & Woods started coverage on Howard Bancorp in a report on Thursday, June 14th. They issued a “market perform” rating and a $19.00 price objective for the company.
Shares of NASDAQ HBMD opened at $17.20 on Tuesday. Howard Bancorp has a 1 year low of $15.70 and a 1 year high of $24.20. The stock has a market cap of $321.51 million, a PE ratio of 21.77 and a beta of -0.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.01.
Large investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC bought a new position in shares of Howard Bancorp during the second quarter valued at approximately $123,000. Rhumbline Advisers bought a new position in shares of Howard Bancorp during the second quarter valued at approximately $221,000. PNC Financial Services Group Inc. grew its holdings in shares of Howard Bancorp by 122.0% during the second quarter. PNC Financial Services Group Inc. now owns 18,200 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 10,000 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Howard Bancorp during the first quarter valued at approximately $361,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Howard Bancorp by 60.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 24,400 shares of the financial services provider’s stock valued at $440,000 after purchasing an additional 9,200 shares during the last quarter. 52.42% of the stock is owned by institutional investors.
About Howard Bancorp
Howard Bancorp, Inc operates as the bank holding company for Howard Bank that 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 deposits, money market accounts, savings accounts, individual retirement accounts, and commercial and retail checking accounts, as well as certificates of deposit.
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