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 1.80%. The ex-dividend date of this dividend is Thursday, December 5th.
Severn Bancorp stock traded down $0.05 during midday trading on Tuesday, reaching $8.89. The company’s stock had a trading volume of 291 shares, compared to its average volume of 18,517. The firm has a market capitalization of $114.01 million, a PE ratio of 11.71 and a beta of 0.88. Severn Bancorp has a fifty-two week low of $7.22 and a fifty-two week high of $9.94. The stock’s 50 day simple moving average is $8.41 and its 200 day simple moving average is $8.35. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.10 and a current ratio of 1.13.
Separately, ValuEngine raised shares of Severn Bancorp from a “sell” rating to a “hold” rating in a report 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.
Further Reading: Cost of Goods Sold (COGS)
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