Severn Bancorp Inc (SVBI) Issues Earnings Results

Severn Bancorp Inc (NASDAQ:SVBI) issued its quarterly earnings data on Friday. The bank reported $0.09 earnings per share for the quarter, Bloomberg Earnings reports. The company had revenue of $7.73 million for the quarter. Severn Bancorp had a net margin of 8.54% and a return on equity of 3.55%.

Shares of Severn Bancorp (NASDAQ:SVBI) traded up 0.72% on Friday, reaching $7.00. 1,132 shares of the company were exchanged. The firm’s 50 day moving average price is $6.99 and its 200 day moving average price is $7.12. The stock has a market capitalization of $84.96 million, a price-to-earnings ratio of 28.11 and a beta of 0.81. Severn Bancorp has a 52 week low of $6.25 and a 52 week high of $8.07.

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Severn Bancorp Company Profile

Severn Bancorp, Inc is a savings and loan holding company. The Company conducts business through its subsidiaries, Severn Savings Bank, FSB (the Bank) and SBI Mortgage Company (SBI). The Bank offers a range of deposit products and originates mortgages in its market of Anne Arundel County, Maryland and in other parts of Maryland, Delaware and Virginia.

Earnings History for Severn Bancorp (NASDAQ:SVBI)

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