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.
ILLEGAL ACTIVITY NOTICE: “Severn Bancorp Inc (SVBI) Issues Earnings Results” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/10/28/severn-bancorp-inc-svbi-issues-earnings-results.html.
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.
Receive News & Ratings for Severn Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Severn Bancorp Inc and related companies with MarketBeat.com's FREE daily email newsletter.