Severn Bancorp (NASDAQ:SVBI) announced its quarterly earnings results on Tuesday, January 29th. The bank reported $0.20 earnings per share for the quarter, Bloomberg Earnings reports. Severn Bancorp had a net margin of 18.30% and a return on equity of 9.03%. The firm had revenue of $10.18 million for the quarter.
Shares of SVBI opened at $8.65 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.12 and a current ratio of 1.13. Severn Bancorp has a twelve month low of $7.10 and a twelve month high of $9.86. The company has a market capitalization of $109.39 million, a price-to-earnings ratio of 13.21 and a beta of 0.87.
Separately, ValuEngine lowered shares of Severn Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th.
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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