NasdaqCM:HBMD

Stock Analysis Report

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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.

Rewards

Earnings are forecast to grow 121.7% per year

Risk Analysis

No risks detected for HBMD from our risk checks.


Snowflake Analysis

Excellent 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.4%

HBMD

5.6%

US Banks

0.7%

US Market


1 Year Return

-29.6%

HBMD

-13.5%

US Banks

20.1%

US Market

Return vs Industry: HBMD underperformed the US Banks industry which returned -14.6% over the past year.

Return vs Market: HBMD underperformed the US Market which returned 17.1% over the past year.


Shareholder returns

HBMDIndustryMarket
7 Day3.4%5.6%0.7%
30 Day4.7%8.1%6.4%
90 Day8.5%20.7%20.1%
1 Year-29.6%-29.6%-10.5%-13.5%22.6%20.1%
3 Year-41.6%-41.6%-7.3%-14.8%45.1%35.7%
5 Year-27.6%-27.6%18.8%4.3%79.7%60.3%

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?

0.67x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: HBMD ($10.07) is trading above our estimate of fair value ($4.84)

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 is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

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

121.7%

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 (2.2%).

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 is expected to decline over the next 3 years (-2.4% per year).

High Growth Revenue: HBMD's revenue is forecast to decline over the next 3 years (-2.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HBMD's Return on Equity is forecast to be low in 3 years time (4.5%).


Next Steps

Past Performance

How has Howard Bancorp performed over the past 5 years?

-3.0%

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 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 (-3%).


Return on Equity

High ROE: HBMD has a negative Return on Equity (-5.48%), as it is currently unprofitable.


Next Steps

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 (8.7x) is low.

Allowance for Bad Loans: HBMD has a low allowance for bad loans (89%).

Low Risk Liabilities: 84% 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 (76%).

Low Risk Deposits: HBMD's Loans to Deposits ratio (103%) is appropriate.

Level of Bad Loans: HBMD has an appropriate level of bad loans (1%).


Next Steps

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?

2.6yrs

Average management tenure


CEO

Mary Scully (69 yo)

14.67yrs

Tenure

US$780,104

Compensation

Ms. Mary Ann Scully serves as Chairman & CEO at Howard Bank and Howard Bancorp, Inc. Ms. Scully is a lifelong banker with many years of varied executive experiences in the Maryland marketplace. She has suc ...


CEO Compensation Analysis

Compensation vs Market: Mary's total compensation ($USD780.10K) is below average for companies of similar size in the US market ($USD1.28M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mary Scully
Chairman & CEO14.67yrsUS$780.10k0.78%
$ 1.5m
Robert Kunisch
President2.42yrsUS$505.61k0.67%
$ 1.3m
Frank Turner
Executive Vice Presidentno dataUS$328.06k0.034%
$ 64.1k
Charles Schwabe
Executive VP & Secretary14.67yrsUS$345.00k0.27%
$ 516.0k
Robert Carpenter
Executive VP0.50yrno data0.021%
$ 40.3k
Steven Poynot
Executive VP & Chief Information Officer2.58yrsno data0.0060%
$ 11.3k
Kevin Emerson
Senior VP & Chief Human Resource Officerno datano datano data
Steven McKone
Executive VP & Chief Deposit Officerno datano data0.0022%
$ 4.1k
Thomas Jones
Executive VP & Chief Credit Officerno dataUS$278.96k0.0074%
$ 13.9k

2.6yrs

Average Tenure

59yo

Average Age

Experienced Management: HBMD's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mary Scully
Chairman & CEO14.67yrsUS$780.10k0.78%
$ 1.5m
Robert Kunisch
President2.42yrsUS$505.61k0.67%
$ 1.3m
Jack Steil
Director2.42yrsUS$299.03k0.25%
$ 478.9k
Michael High
Independent Director2.42yrsUS$30.59k0.00022%
$ 415.2
Thomas O'Neill
Independent Director5yrsUS$33.84k0.15%
$ 289.6k
Paul Latta
Independent Director15.58yrsUS$35.59k0.56%
$ 1.1m
Kenneth Lundeen
Independent Director15.58yrsUS$34.09k0.79%
$ 1.5m
Richard Arnold
Independent Director15.58yrsUS$32.59k0.77%
$ 1.5m
James Dresher
Independent Director2.42yrsUS$28.34k0.30%
$ 563.1k
John Keenan
Independent Director6.17yrsUS$35.09k0.069%
$ 130.1k
Donna Staton
Independent Director10.67yrsUS$32.59k0.093%
$ 175.7k
Robert Smith
Lead Independent Director3.58yrsUS$44.59k0.24%
$ 453.1k

5.6yrs

Average Tenure

68.5yo

Average Age

Experienced Board: HBMD's board of directors are considered experienced (5.6 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$188.735m
  • Shares outstanding: 18.74m
  • Website: https://www.howardbank.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HBMDNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMar 2006

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 Analysis2020/08/12 23:55
End of Day Share Price2020/08/12 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.