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Howard Bancorp to acquire 1st Mariner Bank

“The big banks certainly play a role in the financing of businesses, but community banks are especially important for local businesses,” said Bert Ely, a Virginia banking consultant. “It will be able to serve not just the smallest businesses but those that are not quite so small.”

Many small businesses prefer a smaller, local bank to larger regional and national institutions, said Anita Newcomb, president and managing director of AG Newcomb & Co., a Columbia-based strategic consulting firm for the banking industry. Smaller banks offer businesses a personal relationship with their bankers and easy access to top decision makers, she said.

“They also want to feel that they have a partner who’s going to be with them through the good times and the bad,” Newcomb said.

Some national and regional banks reduced lending and even backed out of local markets during the most recent recession, but local banks remained, she said.

“The community banks, this is their livelihood,” Newcomb said.

Is Buying Howard Bancorp Incorporated (NASDAQ:HBMD), Having Higher Short Interest a Winning Strategy?

Since September 19, 2017, it had 0 insider buys, and 2 selling transactions for $200,914 activity. The insider Poynot Steven sold 1,334 shares worth $27,289.

The stock of Howard Bancorp Incorporated (NASDAQ:HBMD) registered an increase of 1.64% in short interest. HBMD’s total short interest was 204,300 shares in February as published by FINRA. Its up 1.64% from 201,000 shares, reported previously. With 15,200 shares average volume, it will take short sellers 13 days to cover their HBMD’s short positions. The short interest to Howard Bancorp Incorporated’s float is 2.53%.

The stock decreased 0.26% or $0.05 during the last trading session, reaching $18.95. About 15,581 shares traded. Howard Bancorp, Inc. (NASDAQ:HBMD) has risen 58.60% since February 13, 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 $186.10 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 25.17 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.