Insider Buying: Michael H. Cook Purchases 6,550 Shares of Severn Bancorp Stock (SVBI)
Severn Bancorp (NASDAQ:SVBI) Director Michael H. Cook purchased 6,550 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were purchased at an average cost of $1.43 per share, for a total transaction of $9,366.50. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Shares of Severn Bancorp (NASDAQ:SVBI) traded down 0.45% on Tuesday, hitting $4.5395. 15,763 shares of the company’s stock traded hands. Severn Bancorp has a 52-week low of $4.10 and a 52-week high of $5.54. The stock’s 50-day moving average is $4.59 and its 200-day moving average is $4.61. The company’s market cap is $45.7 million.
Severn Bancorp, Inc (NASDAQ:SVBI) is a savings and loan holding company.
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