Earnings and Growth Analysis : Howard Bancorp (NASDAQ:HBMD)

Earnings results for Howard Bancorp (NASDAQ:HBMD)

Howard Bancorp, Inc. is expected* to report earnings on 07/21/2021 after market close. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.33. The reported EPS for the same quarter last year was $0.2.

Howard Bancorp last released its quarterly earnings data on April 20th, 2021. The financial services provider reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. The company earned $21.76 million during the quarter, compared to analysts’ expectations of $21.87 million. Howard Bancorp has generated $0.88 earnings per share over the last year. Howard Bancorp has confirmed that its next quarterly earnings report will be published on Wednesday, July 21st, 2021.

Analyst Opinion on Howard Bancorp (NASDAQ:HBMD)

3 Wall Street analysts have issued ratings and price targets for Howard Bancorp in the last 12 months. Their average twelve-month price target is $22.50, predicting that the stock has a possible upside of 17.55%. The high price target for HBMD is $28.00 and the low price target for HBMD is $19.50. There are currently 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Howard Bancorp has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $22.50, Howard Bancorp has a forecasted upside of 17.6% from its current price of $19.14. Howard Bancorp has only been the subject of 2 research reports 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 not sold or bought any company stock. Only 18.93% of the stock of Howard Bancorp is held by insiders. 57.38% 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 -8.53% in the coming year, from $1.29 to $1.18 per share. The P/E ratio of Howard Bancorp is -25.52, 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 -25.52, 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 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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