Severn Bancorp, Inc. (NASDAQ:SVBI) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 4,500 shares, a decline of 37.5% from the June 15th total of 7,200 shares. Based on an average trading volume of 10,500 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SVBI. Bay Harbor Wealth Management LLC purchased a new position in shares of Severn Bancorp during the 2nd quarter valued at about $76,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Severn Bancorp during the 4th quarter valued at about $124,000. Kessler Investment Group LLC raised its stake in shares of Severn Bancorp by 29.5% during the 1st quarter. Kessler Investment Group LLC now owns 16,035 shares of the bank’s stock valued at $152,000 after buying an additional 3,653 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Severn Bancorp by 51.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 66,618 shares of the bank’s stock valued at $532,000 after buying an additional 22,593 shares during the last quarter. Institutional investors and hedge funds own 18.79% of the company’s stock.

SVBI traded down $0.29 on Friday, reaching $8.31. 7,322 shares of the stock were exchanged, compared to its average volume of 10,927. The firm’s 50-day moving average is $8.61. Severn Bancorp has a fifty-two week low of $7.22 and a fifty-two week high of $9.94. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $109.87 million, a price-to-earnings ratio of 11.94 and a beta of 0.83.

Severn Bancorp (NASDAQ:SVBI) last issued its quarterly earnings results on Monday, May 13th. The bank reported $0.20 EPS for the quarter. Severn Bancorp had a return on equity of 9.55% and a net margin of 19.16%. The company had revenue of $10.35 million during the quarter.

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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