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

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Severn Bancorp, Inc. (NASDAQ:SVBI) announced a quarterly dividend on Wednesday, August 28th, Fidelity reports. Investors of record on Friday, September 6th will be given a dividend of 0.04 per share by the bank on Tuesday, September 17th. This represents a $0.16 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, September 5th.

Shares of SVBI opened at $7.95 on Tuesday. Severn Bancorp has a 52-week low of $7.22 and a 52-week high of $9.94. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average is $8.20 and its two-hundred day moving average is $8.70. The stock has a market cap of $102.13 million, a PE ratio of 10.80 and a beta of 0.86.

Separately, ValuEngine lowered shares of Severn Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

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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