Howard Bancorp, Inc. (NASDAQ:HBMD) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, HBMD to report 3Q20 income of $ 0.19 per share from revenue of $ 18.25 million.
For the full year, analysts anticipate top line of $ 75.49 million, while looking forward to loss of $ 0.98 per share bottom line.
Previous Quarter Performance
Howard Bancorp, Inc. unwinded income for the second quarter of $ 0.20 per share, from the revenue of $ 18.12 million. The quarterly earnings expanded 81.82 percent compared with the same quarter last year. Street analysts expected Howard Bancorp, Inc. to report income of $ 0.16 per share on revenue of $ 17.96 million for the second quarter. The bottom line results beat street analysts by $ 0.04 or 25.00 percent, at the same time, top line results outshined analysts by $ 0.16 million or 0.89 percent.
Stock Performance
Shares of Howard Bancorp, Inc. traded low $ -0.19 or -1.91 percent on Tuesday, reaching $ 9.76 with volume of 7.50 thousand shares. Howard Bancorp, Inc. has traded high as $ 9.87 and has cracked $ 9.68 on the downward trend
According to the previous trading day, closing price of $ 9.76, representing a 17.89 % increase from the 52 week low of $ 8.44 and a 47.27 % decrease over the 52 week high of $ 18.87.
The company has a market capital of $ 182.92 million and is part of the Financial Services sector and Banks – Regional – US industry.
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.
