Gendell Jeffrey L increased its position in shares of Severn Bancorp, Inc. (NASDAQ:SVBI) by 116.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 218,775 shares of the bank’s stock after acquiring an additional 117,666 shares during the quarter. Gendell Jeffrey L’s holdings in Severn Bancorp were worth $1,587,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Alpine Woods Capital Investors LLC acquired a new stake in shares of Severn Bancorp during the third quarter worth about $112,000. Goldman Sachs Group Inc. acquired a new stake in shares of Severn Bancorp during the second quarter worth about $197,000. Finally, Salzhauer Michael acquired a new stake in shares of Severn Bancorp during the third quarter worth about $385,000. 15.84% of the stock is owned by hedge funds and other institutional investors.
Severn Bancorp, Inc. (NASDAQ SVBI) opened at $7.50 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $91.84, a P/E ratio of 22.06 and a beta of 0.62. Severn Bancorp, Inc. has a 12-month low of $6.70 and a 12-month high of $8.20.
Severn Bancorp (NASDAQ:SVBI) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.12 earnings per share for the quarter. The company had revenue of $8.15 million during the quarter. Severn Bancorp had a return on equity of 4.87% and a net margin of 6.60%.
Separately, TheStreet raised Severn Bancorp from a “c” rating to a “b-” rating in a report on Wednesday, December 13th.
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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.
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