Why Emanuel J. Friedman’s Ejf Capital Llc Reported Howard Bancorp Inc Position?

February 15, 2018 - By Stephen Andrade

 Why Emanuel J. Friedman's Ejf Capital Llc Reported Howard Bancorp Inc Position?

Investors sentiment increased to 2.38 in 2017 Q3. Its up 0.05, from 2.33 in 2017Q2. It improved, as 4 investors sold Howard Bancorp, Inc. shares while 9 reduced holdings. 10 funds opened positions while 21 raised stakes. 6.14 million shares or 0.44% less from 6.16 million shares in 2017Q2 were reported.

Deutsche Fincl Bank Ag has 82,073 shares for 0% of their portfolio. 32,235 are owned by Guggenheim Capital Ltd Liability Corp. Stieven Advsr Lp stated it has 432,204 shares or 1.71% of all its holdings. Vanguard Gp Incorporated invested in 0% or 104,068 shares. Sandy Spring Bank owns 1,800 shares or 0% of their US portfolio. Moreover, Suntrust Banks has 0.01% invested in Howard Bancorp, Inc. (NASDAQ:HBMD) for 58,630 shares. Hilton Capital Mgmt Limited Liability Corp stated it has 0.7% of its portfolio in Howard Bancorp, Inc. (NASDAQ:HBMD). owns 5,903 shares for 0% of their portfolio. Banc Funds Com Lc, Illinois-based fund reported 156,187 shares. State Common Retirement Fund holds 9,400 shares. Renaissance Technology Lc reported 122,700 shares. 29,745 are held by Wellington Management Grp Llp. Stifel Finance Corp owns 65,000 shares or 0% of their US portfolio. 67,652 are held by Geode Management Ltd Liability Company. Manufacturers Life The reported 395,725 shares or 0.01% of all its holdings.

Since September 19, 2017, it had 0 buys, and 2 insider sales for $200,914 activity. Another trade for 7,500 shares valued at $173,625 was sold by Hartson Robert J..

The New Emanuel J. Friedman’s Ejf Capital Llc Holding in Howard Bancorp Inc

Ejf Capital Llc reported SC 13G/A form with the SEC for Howard Bancorp Inc. Access it here: 000089534518000081. As reported by Emanuel J. Friedman’s Ejf Capital Llc, the filler owns 8.8% or 862,059 shares of the Finance–company.

Howard Bancorp Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Emanuel J. Friedman’s Ejf Capital Llc’s positive view for Howard Bancorp Inc. For a hedge fund managing $7.64 billion in assets and having 66+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Emanuel J. Friedman’s Ejf Capital Llc’s portfolio is in the sector.

Howard Bancorp Inc Institutional Sentiment

Filings show 25 investors own Howard Bancorp Inc. The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 7420796. 9690664 were owned by these investors. 4 funds opened new Howard Bancorp Inc stakes, 7 increased positions. There were 0 that closed positions and 3 reduced them.

Fj Capital Management Llc is an investor bullish on Howard Bancorp Inc, owning 32000 shares as of Q3 2015 for 0.10% of its portfolio. Endeavour Capital Advisors Inc owns 260873 shares or 0.27% of its portfolio. NY Hilton Capital Management Llc have 0.93% of its portfolio for 191000 shares. Further, Ejf Capital Llc reported stake worth 0.30% of its portfolio. The MO Stieven Capital Advisors Lp owns 392904 shares. Howard Bancorp Inc is 1.61% of its portfolio.

Business Profile

Howard Bancorp, Inc. is the bank holding company of Howard Bank. The Company’s primary business is to own all of the capital stock of Howard Bank. The Company operates through Community Banking segment. Howard Bank is a trust company, which has approximately four operating subsidiaries. The Company offers a range of services to its customers, including wire transfer services, automated teller machine (ATM) and check cards, ATMs at all of its service branch locations, safe deposit boxes at all service locations and credit cards through a third-party processor. Additionally, it provides Internet banking services to its customers and merchant card services for its business customers. The Company’s primary market focus is on making loans to and gathering deposits from small and medium size businesses and their owners, professionals and executives, and high-net-worth individuals in its primary market area.

SEC Form 13G.

Emanuel J. Friedman’s Ejf Capital Llc website.

The stock increased 2.98% or $0.55 during the last trading session, reaching $19. About 24,820 shares traded. Howard Bancorp, Inc. (NASDAQ:HBMD) has risen 58.60% since February 15, 2017 and is uptrending. It has outperformed by 41.90% the S&P500.

Howard Bancorp, Inc. operates as the bank holding firm for Howard Bank that provides commercial banking, mortgage banking, and consumer finance services and products to businesses, business owners, professionals, and other consumers. The company has market cap of $186.59 million. It offers various consumer and business deposit products, including demand deposits, money market accounts, savings accounts, individual retirement accounts, and commercial and retail checking accounts, as well as certificates of deposit. It has a 25.23 P/E ratio. The firm also provides commercial loans comprising 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.

Howard Bancorp, Inc. (NASDAQ:HBMD) Ratings Coverage

Among 4 analysts covering Howard Bancorp (NASDAQ:HBMD), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Howard Bancorp has $20 highest and $13.50 lowest target. $15.83’s average target is -16.68% below currents $19 stock price. Howard Bancorp had 9 analyst reports since November 23, 2015 according to SRatingsIntel. Stephens upgraded the stock to “Overweight” rating in Friday, August 18 report. The rating was downgraded by Raymond James on Friday, October 20 to “Outperform”. The firm earned “Outperform” rating on Friday, February 9 by Merion Capital. The stock of Howard Bancorp, Inc. (NASDAQ:HBMD) earned “Outperform” rating by Raymond James on Thursday, August 10. The rating was initiated by Merion Capital with “Neutral” on Monday, November 23. Merion Capital Group upgraded Howard Bancorp, Inc. (NASDAQ:HBMD) rating on Tuesday, April 26. Merion Capital Group has “Outperform” rating and $14 target. As per Wednesday, February 1, the company rating was initiated by Raymond James.

More notable recent Howard Bancorp, Inc. (NASDAQ:HBMD) news were published by: Businesswire.com which released: “Howard Bancorp, Inc. Reports 2017 Results with Strong Organic Growth …” on January 22, 2018, also Businesswire.com with their article: “Howard Bancorp Receives All Regulatory Approvals to Complete Acquisition of …” published on February 13, 2018, Streetinsider.com published: “Form 4 Howard Bancorp Inc For: Feb 14 Filed by: Smith Robert W. Jr.” on February 15, 2018. More interesting news about Howard Bancorp, Inc. (NASDAQ:HBMD) were released by: Businesswire.com and their article: “Howard Bancorp Announces Agreement to Acquire 1st Mariner Bank” published on August 15, 2017 as well as Benzinga.com‘s news article titled: “Attractive Relative Valuation Fetches Howard Bancorp An Upgrade” with publication date: February 09, 2018.

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