What To Expect From Howard Bancorp, Inc. (NASDAQ:HBMD) 2Q20 Earnings

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Howard Bancorp, Inc. (NASDAQ:HBMD) is reporting second quarter earnings results on Monday 27th July 2020, after market close.

The consensus estimates from Thomson Reuters are income of $ 0.16 per share from $ 17.96 million in revenue.

For the full year, analysts predict revenues of $ 73.69 million, while looking forward to income of $ 0.71 per share.

Previous Quarter Performance

Howard Bancorp, Inc. unveiled income for the first quarter of $ 0.14 per share, from the revenue of $ 17.52 million. The quarterly earnings declined 36.36 percent while revenues elevated 0.29 percent compared with the same quarter last year.
Street analysts expected Howard Bancorp, Inc. to report income of $ 0.22 per share on revenue of $ 16.95 million for the first quarter. The bottom line results missed street analysts by $ 0.08 or 36.36 percent, at the same time, top line results outshined analysts by $ 0.57 million or 3.36 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of HBMD was $ 10.00, representing a 18.48 % increase from the 52 week low of $ 8.44 and a 47.92 % decrease over the 52 week high of $ 19.20.

The company has a market capital of $ 187.16 million and is part of the Financial Services sector and Banks – Regional – US industry.

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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.