Equities research analysts forecast that Howard Bancorp, Inc. (NASDAQ:HBMD) will announce earnings per share (EPS) of $0.33 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Howard Bancorp’s earnings. Howard Bancorp posted earnings of $0.14 per share in the same quarter last year, which would suggest a positive year over year growth rate of 135.7%. The firm is expected to report its next earnings report on Wednesday, May 5th.
According to Zacks, analysts expect that Howard Bancorp will report full-year earnings of $1.03 per share for the current year, with EPS estimates ranging from $0.80 to $1.18. For the next financial year, analysts forecast that the firm will report earnings of $0.98 per share, with EPS estimates ranging from $0.90 to $1.07. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Howard Bancorp.
Howard Bancorp (NASDAQ:HBMD) last announced its quarterly earnings data on Thursday, January 28th. The financial services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). The company had revenue of $21.83 million for the quarter, compared to analyst estimates of $20.39 million. Howard Bancorp had a negative net margin of 15.10% and a positive return on equity of 5.35%.
NASDAQ HBMD traded up $0.17 on Friday, reaching $15.87. The company’s stock had a trading volume of 103 shares, compared to its average volume of 22,803. The firm has a market cap of $298.07 million, a PE ratio of -18.92 and a beta of 0.80. The business has a 50-day moving average price of $15.65 and a 200 day moving average price of $12.62. Howard Bancorp has a 52 week low of $8.44 and a 52 week high of $17.79. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.79.
Institutional investors have recently modified their holdings of the business. Citigroup Inc. grew its stake in Howard Bancorp by 509.2% during the fourth quarter. Citigroup Inc. now owns 3,856 shares of the financial services provider’s stock worth $46,000 after buying an additional 3,223 shares during the last quarter. Squarepoint Ops LLC grew its stake in Howard Bancorp by 21.9% during the fourth quarter. Squarepoint Ops LLC now owns 13,393 shares of the financial services provider’s stock worth $158,000 after buying an additional 2,404 shares during the last quarter. Strs Ohio grew its stake in Howard Bancorp by 5.7% during the third quarter. Strs Ohio now owns 20,400 shares of the financial services provider’s stock worth $183,000 after buying an additional 1,100 shares during the last quarter. Rhumbline Advisers grew its stake in Howard Bancorp by 14.5% during the fourth quarter. Rhumbline Advisers now owns 21,764 shares of the financial services provider’s stock worth $257,000 after buying an additional 2,754 shares during the last quarter. Finally, Truist Financial Corp grew its stake in Howard Bancorp by 4.4% during the fourth quarter. Truist Financial Corp now owns 26,400 shares of the financial services provider’s stock worth $312,000 after buying an additional 1,104 shares during the last quarter. 55.09% of the stock is currently owned by hedge funds and other institutional investors.
About Howard Bancorp
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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