Severn Bancorp, Inc. (NASDAQ:SVBI) announced a quarterly dividend on Tuesday, November 26th, Fidelity reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.04 per share by the bank on Monday, December 16th. This represents a $0.16 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, December 5th.
NASDAQ:SVBI traded down $0.08 during trading hours on Tuesday, reaching $8.86. 141 shares of the company traded hands, compared to its average volume of 18,517. Severn Bancorp has a 1-year low of $7.22 and a 1-year high of $9.94. The stock has a market cap of $114.01 million, a P/E ratio of 11.71 and a beta of 0.88. The firm’s 50-day moving average is $8.41 and its 200-day moving average is $8.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.13 and a quick ratio of 1.10.
Separately, ValuEngine raised Severn Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
Severn Bancorp Company Profile
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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