Severn Bancorp (NASDAQ:SVBI) Rating Increased to Hold at ValuEngine

Severn Bancorp (NASDAQ:SVBI) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday, ValuEngine reports.

SVBI stock traded down $0.01 during trading on Wednesday, hitting $8.05. 3,605 shares of the company’s stock were exchanged, compared to its average volume of 15,078. The business has a 50-day moving average price of $7.97 and a two-hundred day moving average price of $8.59. The stock has a market capitalization of $102.86 million, a price-to-earnings ratio of 10.88 and a beta of 0.86. Severn Bancorp has a 52-week low of $7.22 and a 52-week high of $9.94. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.67.

Severn Bancorp (NASDAQ:SVBI) last posted its earnings results on Friday, July 26th. The bank reported $0.17 earnings per share for the quarter. The firm had revenue of $10.46 million during the quarter. Severn Bancorp had a return on equity of 9.60% and a net margin of 19.05%.

A number of hedge funds and other institutional investors have recently modified their holdings of SVBI. Bay Harbor Wealth Management LLC purchased a new stake in Severn Bancorp in the second quarter valued at approximately $76,000. Municipal Employees Retirement System of Michigan purchased a new stake in Severn Bancorp in the second quarter valued at approximately $411,000. Salzhauer Michael lifted its stake in Severn Bancorp by 3.5% in the second quarter. Salzhauer Michael now owns 80,006 shares of the bank’s stock valued at $695,000 after buying an additional 2,706 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Severn Bancorp by 1,651.9% in the second quarter. Wells Fargo & Company MN now owns 6,149 shares of the bank’s stock valued at $54,000 after buying an additional 5,798 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Severn Bancorp by 16.9% in the second quarter. BlackRock Inc. now owns 37,858 shares of the bank’s stock valued at $329,000 after buying an additional 5,482 shares during the last quarter. Institutional investors own 19.06% of the company’s stock.

Severn Bancorp Company Profile

Severn Bancorp, Inc operates as the holding company for Severn Savings Bank, FSB that provides a range of personal and commercial banking products and services in Maryland, Delaware, and Virginia. The company's deposit products include checking, savings, money market, time deposit, and individual retirement accounts.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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