Severn Bancorp, Inc. (NASDAQ:SVBI) Announces Quarterly Dividend of $0.04

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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 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, December 5th.

Shares of NASDAQ SVBI traded down $0.08 during trading on Tuesday, reaching $8.86. 141 shares of the stock were exchanged, compared to its average volume of 18,517. The company has a market capitalization of $114.01 million, a price-to-earnings ratio of 11.71 and a beta of 0.88. The business’s 50-day moving average price is $8.41 and its 200 day moving average price is $8.35. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.57. Severn Bancorp has a twelve month low of $7.22 and a twelve month high of $9.94.

Separately, ValuEngine raised shares of Severn Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

About Severn Bancorp

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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Dividend History for Severn Bancorp (NASDAQ:SVBI)

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