Insider Buying: Severn Bancorp Director Buys 6,550 Shares of Stock (SVBI)
Severn Bancorp (NASDAQ:SVBI) Director Michael H. Cook acquired 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Severn Bancorp (NASDAQ:SVBI) opened at 4.47 on Thursday. Severn Bancorp has a one year low of $4.10 and a one year high of $5.54. The stock’s 50-day moving average is $4.59 and its 200-day moving average is $4.62. The company’s market cap is $45.0 million.
Severn Bancorp, Inc (NASDAQ:SVBI) is a savings and loan holding company.
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