ValuEngine lowered shares of Severn Bancorp (NASDAQ:SVBI) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

Shares of NASDAQ:SVBI opened at $8.57 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.12. Severn Bancorp has a 1 year low of $6.95 and a 1 year high of $9.86. The stock has a market cap of $111.44 million, a PE ratio of 14.85 and a beta of 0.86.

Severn Bancorp (NASDAQ:SVBI) last issued its earnings results on Monday, October 29th. The bank reported $0.17 earnings per share (EPS) for the quarter. Severn Bancorp had a return on equity of 7.92% and a net margin of 12.49%. The business had revenue of $9.69 million during the quarter.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Friday, December 7th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Thursday, December 6th.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Severn Bancorp by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 216,104 shares of the bank’s stock worth $2,118,000 after purchasing an additional 13,800 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Severn Bancorp by 29.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 44,025 shares of the bank’s stock worth $431,000 after purchasing an additional 10,101 shares during the period. Thomson Horstmann & Bryant Inc. purchased a new stake in shares of Severn Bancorp during the 3rd quarter worth about $1,927,000. Renaissance Technologies LLC grew its holdings in shares of Severn Bancorp by 25.5% during the 2nd quarter. Renaissance Technologies LLC now owns 33,131 shares of the bank’s stock worth $287,000 after purchasing an additional 6,731 shares during the period. Finally, Gendell Jeffrey L grew its holdings in shares of Severn Bancorp by 4.1% during the 2nd quarter. Gendell Jeffrey L now owns 254,745 shares of the bank’s stock worth $2,204,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds own 20.11% of the company’s stock.

About Severn Bancorp

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.

Further Reading: What does cost of debt say about a company’s financial health?

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