Severn Bancorp Inc (SVBI) Posts Earnings Results

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

Shares of Severn Bancorp (SVBI) traded up 0.72% on Friday, reaching $7.00. The company had a trading volume of 1,132 shares. The firm has a market capitalization of $84.96 million, a PE ratio of 28.11 and a beta of 0.81. The company’s 50-day moving average is $6.99 and its 200 day moving average is $7.12. Severn Bancorp has a 12 month low of $6.25 and a 12 month 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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