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Market Cap

US$318.0m

Last Updated

2021/05/17 23:33 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details

Rewards

Earnings are forecast to grow 54.15% per year

Risk Analysis

No risks detected for HBMD from our risk checks.


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Howard Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HBMD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: HBMD's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

2.6%

HBMD

1.9%

US Banks

-0.6%

US Market


1 Year Return

65.7%

HBMD

88.0%

US Banks

46.0%

US Market

Return vs Industry: HBMD underperformed the US Banks industry which returned 99.1% over the past year.

Return vs Market: HBMD exceeded the US Market which returned 50.8% over the past year.


Shareholder returns

HBMDIndustryMarket
7 Day2.6%1.9%-0.6%
30 Day5.8%7.3%-1.8%
90 Day21.0%19.3%0.2%
1 Year65.7%65.7%93.7%88.0%48.4%46.0%
3 Year-9.7%-9.7%31.7%20.4%60.5%50.4%
5 Year35.3%35.3%116.8%89.4%125.9%100.9%

Long-Term Price Volatility Vs. Market

How volatile is Howard Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Howard Bancorp undervalued compared to its fair value and its price relative to the market?

1.09x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: HBMD ($16.93) is trading above our estimate of fair value ($16.83)

Significantly Below Fair Value: HBMD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HBMD is unprofitable, so we can't compare its PE Ratio to the US Banks industry average.

PE vs Market: HBMD is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HBMD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HBMD's PB Ratio (1.1x) is in line with the US Banks industry average.


Future Growth

How is Howard Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

54.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HBMD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: HBMD is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HBMD's is expected to become profitable in the next 3 years.

Revenue vs Market: HBMD's revenue (2% per year) is forecast to grow slower than the US market (9% per year).

High Growth Revenue: HBMD's revenue (2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HBMD's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Howard Bancorp performed over the past 5 years?

-30.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HBMD is currently unprofitable.

Growing Profit Margin: HBMD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HBMD is unprofitable, and losses have increased over the past 5 years at a rate of 30.3% per year.

Accelerating Growth: Unable to compare HBMD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HBMD is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (19.2%).


Return on Equity

High ROE: HBMD has a negative Return on Equity (-4.83%), as it is currently unprofitable.


Financial Health

How is Howard Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: HBMD's Assets to Equity ratio (9x) is low.

Allowance for Bad Loans: HBMD has a sufficient allowance for bad loans (117%).

Low Risk Liabilities: 88% of HBMD's liabilities are made up of primarily low risk sources of funding.

Loan Level: HBMD has an appropriate level of Loans to Assets ratio (73%).

Low Risk Deposits: HBMD's Loans to Deposits ratio (94%) is appropriate.

Level of Bad Loans: HBMD has an appropriate level of bad loans (0.8%).


Dividend

What is Howard Bancorp current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HBMD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HBMD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HBMD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HBMD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HBMD's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Mary Scully (69 yo)

15.42yrs

Tenure

US$697,677

Compensation

Ms. Mary Ann Scully is the Chief Executive Officer of Howard Bank and is Chairperson of its Board of Directors. A lifelong banker with more than 40 years of varied executive experiences in the Maryland mar...


CEO Compensation Analysis

Compensation vs Market: Mary's total compensation ($USD697.68K) is below average for companies of similar size in the US market ($USD1.75M).

Compensation vs Earnings: Mary's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HBMD's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: HBMD's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HBMD insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Howard Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Howard Bancorp, Inc.
  • Ticker: HBMD
  • Exchange: NasdaqCM
  • Founded: 2004
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$317.986m
  • Shares outstanding: 18.78m
  • Website: https://www.howardbank.com

Number of Employees


Location

  • Howard Bancorp, Inc.
  • 3301 Boston Street
  • Baltimore
  • Maryland
  • 21224
  • United States

Listings


Biography

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, prof...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/17 23:33
End of Day Share Price2021/05/17 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.