Gendell Jeffrey L grew its position in Severn Bancorp, Inc. (NASDAQ:SVBI) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,745 shares of the bank’s stock after purchasing an additional 10,000 shares during the quarter. Gendell Jeffrey L owned about 2.01% of Severn Bancorp worth $2,204,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of SVBI. Dimensional Fund Advisors LP lifted its stake in Severn Bancorp by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 33,924 shares of the bank’s stock worth $293,000 after purchasing an additional 6,190 shares during the last quarter. Chevy Chase Trust Holdings Inc. lifted its stake in Severn Bancorp by 43.5% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 20,603 shares of the bank’s stock worth $178,000 after purchasing an additional 6,250 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Severn Bancorp by 22.4% during the second quarter. Commonwealth Equity Services LLC now owns 39,631 shares of the bank’s stock worth $343,000 after purchasing an additional 7,260 shares during the last quarter. BlackRock Inc. lifted its stake in Severn Bancorp by 400.7% during the second quarter. BlackRock Inc. now owns 29,183 shares of the bank’s stock worth $252,000 after purchasing an additional 23,355 shares during the last quarter. Finally, Salzhauer Michael lifted its stake in Severn Bancorp by 54.5% during the first quarter. Salzhauer Michael now owns 85,000 shares of the bank’s stock worth $612,000 after purchasing an additional 30,000 shares during the last quarter. Institutional investors and hedge funds own 18.40% of the company’s stock.
Shares of SVBI opened at $9.50 on Friday. The firm has a market capitalization of $117.43 million, a PE ratio of 18.14 and a beta of 0.57. Severn Bancorp, Inc. has a 52 week low of $6.70 and a 52 week high of $9.50. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.14 and a quick ratio of 1.13.
Severn Bancorp (NASDAQ:SVBI) last issued its earnings results on Friday, July 27th. The bank reported $0.15 EPS for the quarter. Severn Bancorp had a return on equity of 7.03% and a net margin of 11.00%. The company had revenue of $9.12 million during the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Investors of record on Friday, September 7th will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $0.12 annualized dividend and a yield of 1.26%.
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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