Is it time to Buy before this week’s earning report Howard Bancorp (NASDAQ:HBMD)

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Earnings results for Howard Bancorp (NASDAQ:HBMD)

Howard Bancorp, Inc. is expected* to report earnings on 10/28/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.19. The reported EPS for the same quarter last year was $0.27.

Howard Bancorp last announced its quarterly earnings results on July 27th, 2020. The financial services provider reported ($1.57) EPS for the quarter, missing the consensus estimate of $0.15 by $1.72. The business had revenue of $22.88 million for the quarter, compared to the consensus estimate of $19.91 million. Howard Bancorp has generated $1.01 earnings per share over the last year. Howard Bancorp has confirmed that its next quarterly earnings report will be published on Wednesday, October 28th, 2020.

Analyst Opinion on Howard Bancorp (NASDAQ:HBMD)

1 Wall Street analysts have issued ratings and price targets for Howard Bancorp in the last 12 months. Their average twelve-month price target is $17.50, predicting that the stock has a possible upside of 79.30%. The high price target for HBMD is $17.50 and the low price target for HBMD is $17.50. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”

Howard Bancorp has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $17.50, Howard Bancorp has a forecasted upside of 79.3% from its current price of $9.76. Howard Bancorp has received no research coverage in the past 90 days.

Dividend Strength: Howard Bancorp (NASDAQ:HBMD)

Howard Bancorp does not currently pay a dividend. Howard Bancorp does not have a long track record of dividend growth.

Insiders buying/selling: Howard Bancorp (NASDAQ:HBMD)

In the past three months, Howard Bancorp insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $61,380.00 in company stock and sold $0.00 in company stock. Only 18.75% of the stock of Howard Bancorp is held by insiders. 54.07% of the stock of Howard Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Howard Bancorp (NASDAQ:HBMD

Earnings for Howard Bancorp are expected to decrease by -35.29% in the coming year, from $0.68 to $0.44 per share. The P/E ratio of Howard Bancorp is -11.62, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Howard Bancorp is -11.62, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Howard Bancorp has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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