Context BH Capital Management LP reduced its stake in Severn Bancorp, Inc. (NASDAQ:SVBI) by 10.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,557 shares of the bank’s stock after selling 4,729 shares during the period. Context BH Capital Management LP owned approximately 0.33% of Severn Bancorp worth $394,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thomson Horstmann & Bryant Inc. grew its stake in Severn Bancorp by 12.6% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 221,382 shares of the bank’s stock worth $1,766,000 after purchasing an additional 24,727 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Severn Bancorp by 51.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 66,618 shares of the bank’s stock worth $532,000 after purchasing an additional 22,593 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Severn Bancorp in the fourth quarter worth about $124,000. Vanguard Group Inc grew its stake in Severn Bancorp by 6.8% in the third quarter. Vanguard Group Inc now owns 216,104 shares of the bank’s stock worth $2,118,000 after purchasing an additional 13,800 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Severn Bancorp by 6.8% in the third quarter. Vanguard Group Inc. now owns 216,104 shares of the bank’s stock worth $2,118,000 after purchasing an additional 13,800 shares in the last quarter. Hedge funds and other institutional investors own 18.79% of the company’s stock.
NASDAQ SVBI traded up $0.09 during trading hours on Wednesday, reaching $8.64. The company’s stock had a trading volume of 4,600 shares, compared to its average volume of 18,543. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.11 and a current ratio of 1.12. The company has a 50-day moving average of $8.69. Severn Bancorp, Inc. has a 52 week low of $7.22 and a 52 week high of $9.94. The company has a market cap of $109.31 million, a PE ratio of 11.88 and a beta of 0.87.
Severn Bancorp (NASDAQ:SVBI) last issued its earnings results on Monday, May 13th. The bank reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $10.35 million for the quarter. Severn Bancorp had a net margin of 19.16% and a return on equity of 9.55%.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Thursday, June 6th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.39%.
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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