Last $10.05 USD
Change Today +0.405 / 4.20%
Volume 2.6K
As of 5:20 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

howard bancorp inc (HBMD) Snapshot

Open
$9.59
Previous Close
$9.64
Day High
$10.05
Day Low
$9.55
52 Week High
02/20/14 - $19.99
52 Week Low
07/30/13 - $8.00
Market Cap
41.1M
Average Volume 10 Days
2.0K
EPS TTM
$0.45
Shares Outstanding
4.1M
EX-Date
--
P/E TM
22.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for HOWARD BANCORP INC (HBMD)

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howard bancorp inc (HBMD) Details

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 in Maryland. It offers various consumer and business deposit products, which comprise demand deposits, money market accounts, savings accounts, individual retirement accounts, and commercial and retail checking accounts, as well as certificates of deposit. The company also provides commercial loans consisting of lines of credit, revolving credit facilities, accounts receivable and inventory financing, term loans, equipment loans, small business administration loans, stand-by letters of credit, and unsecured loans; commercial mortgage loans for owner occupied and investor properties; construction loans; residential mortgage loans; and secured and unsecured consumer loans. In addition, it offers wire transfer services, courier service for non-negotiable deposits, automated teller machines and check cards, and safe deposit boxes, as well as credit cards through a third party processor. Further, the company provides Internet banking, merchant card, overnight sweep, and remote deposit capture services; and Mobiliti mobile banking, PopMoney, and eStatement products. As of June 2, 2014, it operated eight full service branches and regional offices in Annapolis, Timonium, and Towson. The company was founded in 2004 and is headquartered in Ellicott City, Maryland.

98 Employees
Last Reported Date: 03/27/14
Founded in 2004

howard bancorp inc (HBMD) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $310.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $220.0K
Chief Specialty Lending Officer, Executive Vi...
Total Annual Compensation: $238.5K
Chief Administrative Officer, Chief Informati...
Total Annual Compensation: $225.0K
Chief Lending Officer, Chief Client Services ...
Total Annual Compensation: $220.0K
Compensation as of Fiscal Year 2013.

howard bancorp inc (HBMD) Key Developments

Howard Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Month Ended June 30, 2014

Howard Bancorp Inc. reported earnings results for the second quarter and six month ended June 30, 2014. The company reported net income available to common shareholders for the quarter ended June 30, 2014 of $705,000 or $0.17 per basic share compared to $481,000 or $0.12 per basic share reported a year earlier, an increase per share of $0.05 or 42%. Net interest income was $4.8 million against $3.7 million reported last year. Interest income was $10.3 million against $8.1 million reported last year. Book value per common share at the end of the period was $9.06 against $8.68 reported a year ago. Return on average assets was 0.58% against 0.52% and return on average common equity was 8.08% against 5.91% reported a year ago. For the first six months of 2014, the company reported net interest income of $9.3 million compared to $7.3 million for the first six months of 2013, an increase of approximately $2.0 million or 27%. This was driven primarily by a $2.2 million, or 27%, increase in total interest income for the first six months of 2014 due to the growth in average loans. Interest income was $5.4 million against $4.1 million reported last year. Net income available to common shareholders increased to $940,000 for the first half of 2014, compared to $895,000 in the first six months of 2013, representing an increase of $45,000 or 5%. Earnings per basic common share (EPS) for the first half of 2014 were $0.23 compared to $0.22 for the same six month period in 2013. Return on average assets was 0.40% against 0.51% and return on average common equity was 5.55% against 5.79% reported a year ago.

Howard Bancorp, Inc. and Howard Bank Announce Resignation of Philip W. Gibbs from the Board of Directors

On July 14, 2014, Philip W. Gibbs resigned from the Board of Directors of Howard Bancorp Inc. and Howard Bank, effective immediately.

John J. Keenan Joins as Member of the Board of Directors of Howard Bancorp Inc. and Howard Bank

On May 28, 2014 the Board of Directors of Howard Bancorp Inc. and Howard Bank, appointed John J. Keenan as a member of the Board of Directors of the Company and Howard Bank effective immediately. Mr. Keenan will be a member of the Audit Committee of the Company and Howard Bank. Keenan is Vice President for Finance & Administration at Notre Dame of Maryland University and an adjunct professor of Loyola University in Maryland. He spent 36 years with KPMG US, where he served as Managing Partner, working in the Baltimore, Brussels and Washington DC offices.

 

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HBMD Competitors

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Company Last Change
CB Financial Services Inc $19.50 USD 0.00
Emclaire Financial Corp $26.99 USD +1.25
Pathfinder Bancorp Inc $15.00 USD 0.00
Southwest Georgia Financial Corp $14.80 USD 0.00
Sussex Bancorp $9.45 USD +0.08
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Industry Analysis

HBMD

Industry Average

Valuation HBMD Industry Range
Price/Earnings 21.5x
Price/Sales 1.9x
Price/Book 1.1x
Price/Cash Flow 20.0x
TEV/Sales NM Not Meaningful
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