Severn Bancorp (SVBI) Cut to “Sell” at ValuEngine

ValuEngine downgraded shares of Severn Bancorp (NASDAQ:SVBI) from a hold rating to a sell rating in a research note published on Wednesday morning.

Severn Bancorp stock opened at $9.06 on Wednesday. The company has a market capitalization of $115.31 million, a PE ratio of 15.36 and a beta of 0.86. Severn Bancorp has a 12 month low of $6.95 and a 12 month high of $9.86. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.12.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Friday, December 7th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, December 6th.

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Severn Bancorp by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 33,924 shares of the bank’s stock valued at $293,000 after buying an additional 6,190 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Severn Bancorp by 43.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 20,603 shares of the bank’s stock valued at $178,000 after buying an additional 6,250 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Severn Bancorp by 25.5% in the second quarter. Renaissance Technologies LLC now owns 33,131 shares of the bank’s stock valued at $287,000 after buying an additional 6,731 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Severn Bancorp by 22.4% in the second quarter. Commonwealth Equity Services LLC now owns 39,631 shares of the bank’s stock valued at $343,000 after buying an additional 7,260 shares in the last quarter. Finally, Gendell Jeffrey L increased its position in shares of Severn Bancorp by 4.1% in the second quarter. Gendell Jeffrey L now owns 254,745 shares of the bank’s stock valued at $2,204,000 after buying an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 20.11% of the company’s stock.

About Severn Bancorp

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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