November 21, 2016 - By Vivian Park · 0 Comments
Severn Bancorp Inc (NASDAQ:SVBI) institutional sentiment increased to 1 in Q2 2016. Its up 0.50, from 0.5 in 2016Q1. The ratio is positive, as 3 hedge funds started new or increased holdings, while 6 decreased and sold their stock positions in Severn Bancorp Inc. The hedge funds in our partner’s database now possess: 1.43 million shares, up from 267,762 shares in 2016Q1. Also, the number of hedge funds holding Severn Bancorp Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 3 Increased: 2 New Position: 1.
Severn Bancorp, Inc. is a savings and loan holding company. The company has a market cap of $77.58 million. The Firm conducts business through its subsidiaries, Severn Savings Bank, FSB and SBI Mortgage Company (SBI). It has a 5.75 P/E ratio. 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.
It is down 15.85% since April 19, 2016 and is uptrending. It has outperformed by 11.99% the S&P500.
According to Zacks Investment Research, “Severn Bancorp makes or purchases loans secured by real estate or other property and invest in commercial and real estate-related obligations.”
Ejf Capital Llc holds 0.67% of its portfolio in Severn Bancorp, Inc. for 1.18 million shares. Salzhauer Michael owns 23,558 shares or 0.11% of their US portfolio. Moreover, Schneider Capital Management Corp has 0.06% invested in the company for 56,550 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Blackrock Fund Advisors, a California-based fund reported 1,601 shares.#img1#
Severn Bancorp, Inc., incorporated on October 18, 1990, is a savings and loan holding company. The Firm 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. SBI is engaged in the origination of mortgages not suitable for the Bank. SBI owns subsidiary companies that purchase real estate for investment purposes. The Bank operates as a federally chartered savings bank whose principal business is attracting deposits from the general public and investing those funds in mortgage and commercial loans. The Bank provides a range of personal and commercial banking services. Personal services include mortgage lending and various other lending services, as well as checking, savings, money market, time deposit and individual retirement accounts. Commercial services include commercial secured and unsecured lending services, as well as business Internet banking, corporate cash management services and deposit services. The Bank also provides safe deposit boxes, automated teller machines (ATMs), debit cards and personal Internet banking, including online bill pay, mortgage lending and telephone banking, among others.
More notable recent Severn Bancorp, Inc. (NASDAQ:SVBI) news were published by: Prnewswire.com which released: “Severn Bancorp, Inc. Announces Retirement of Chief Financial Officer” on May 03, 2016, also Prnewswire.com with their article: “Severn Bank Appoints Paul B. Susie Chief Financial Officer” published on July 25, 2016, Bizjournals.com published: “Feds ease Severn Savings Bank regulatory agreement” on May 07, 2013. More interesting news about Severn Bancorp, Inc. (NASDAQ:SVBI) were released by: Investorplace.com and their article: “Biggest Movers in Financial Stocks Now – OPHC OAKS OSBC CXW” published on November 14, 2016 as well as Prnewswire.com‘s news article titled: “Severn Savings Bank Appoints Christopher Chick Chief Lending Officer” with publication date: September 23, 2015.
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By Vivian Park