NEW YORK, June 28, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Severn Bancorp, Inc. (NASDAQ: SVBI) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties
NEW YORK, June 15, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Severn Bancorp, Inc. (NASDAQ: SVBI) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties
ANNAPOLIS, Md. , May 25, 2021 /PRNewswire/ -- Severn Bancorp, Inc. (the Company) (NASDAQ: SVBI ), the parent company of Severn Bank (the Bank) announced that the Board of Directors declared a cash dividend to its shareholders. The cash dividend of five cents ($0.05) per share of common stock will be payable on June 15, 2021 to shareholders of record at the close of business on June 8, 2021 . Full story available on Benzinga.com
Severn Bancorp Inc (NASDAQ: SVBI) shares fell -1.84% to end trading Wednesday at $11.76 per share - a net change of $-0.22. Shares traded between $11.82 and $11.50 throughout the day. 11961 shares of Severn Bancorp Inc exchanged hands. Visit Severn Bancorp Incs profile for more information. About The Nasdaq Stock Market The Nasdaq Stock Market is a global leader in trading data and services, and equities and options listing. Nasdaq is the world\''s leading exchange for options volume and is home to the five largest US companies - Apple, Microsoft, Amazon, Alphabet and Facebook. To get more information on Severn Bancorp Inc and to follow the companys latest updates, you can visit the companys profile page here: Severn Bancorp Incs Profile . For more news on the financial markets be sure to visit Equities News . Also, dont forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week. Sources: Chart is provided by TradingView based on 15-minute-delayed prices.
ANNAPOLIS, Md. , April 29, 2021 /PRNewswire/ -- Filed by Severn Bancorp, Inc. Pursuant to Rule 425 under the Securities Act of 1933 And deemed filed pursuant to Rule 14a-12 Under the Securities Exchange Act of 1934 Subject Company: Severn Bancorp, Inc. Commission File No. 000-49731 Dear Severn Bancorp Stockholder, Severn Bancorp, Inc., the parent company of Severn Bank, has traditionally held its annual stockholders meeting in the spring. This year, the annual meeting has been postponed – and may not be held at all. Severn Bancorp, Inc. entered into a merger agreement with Shore Bancshares, Inc., the parent company of Shore United Bank. This will bring Severn Bank and Shore United Bank together. We will have an expanded community banking franchise, growing assets from $1 billion to $3 billion . In addition to Severn's 7 branches in Anne Arundel County , we will have an additional 22 branches throughout the Eastern Shore of Maryland , Delaware , the Eastern Shore of Virginia , Baltimore County , and Howard County .
Severn Bancorp Inc. shares closed this week 43.9% higher than it did at the end of last week. The stock is currently up 65.6% year-to-date, up 56.9% over the past 12 months, and up 143.0% over the past five years. This week, the Dow Jones Industrial Average rose 0.8%, and the S&P 500 fell 2.0%. Trading Activity Shares traded as high as $11.77 and as low as $8.00 this week.Trading volume this week was 71.2% lower than the 10-day average and 7.9% lower than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.0. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price beats the S&P 500 Index this week, beats it on a 1-year basis, and beats it on a 5-year basis The company's share price beats the Dow Jones Industrial Average this week, beats it on a 1-year basis, and beats it on a 5-year basis The company share price beats the performance of its peers in the Financials industry sector this week, beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 129.2% The company's stock price performance over the past 12 months beats the peer average by 107.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
Severn Bancorp Inc. shares closed today at 2.0% below its 52 week high of $11.09, giving the company a market cap of $139M. The stock is currently up 53.0% year-to-date, up 44.9% over the past 12 months, and up 124.9% over the past five years. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 0.9%. Trading Activity Trading volume this week was 1300.9% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.0. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 121.5% The company's stock price performance over the past 12 months beats the peer average by 99.1% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
NEW YORK, March 4, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Severn Bancorp, Inc. ("Severn" or the "Company") (NASDAQ: SVBI) in connection with the proposed acquisition of the Company by…
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Severn Bancorp, Inc. (NASDAQ: SVBI) to Shore Bancshares, Inc. is fair to Severn Bancorp shareholders. Halper Sadeh encourages Severn Bancorp shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. Under the terms of the definitive agreement, holde
EASTON, Md. and ANNAPOLIS, Md., March 3, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) ( "Shore"), the holding company of Shore United Bank, and Severn Bancorp, Inc. (NASDAQ: SVBI) ("Severn"), the holding company of Severn Savings Bank, FSB, today announced they have entered…
Severn Bancorp Inc. shares closed today at 1.3% below its 52 week high of $8.29, giving the company a market cap of $102M. The stock is currently up 12.2% year-to-date, down 1.5% over the past 12 months, and up 65.6% over the past five years. This week, the Dow Jones Industrial Average rose 0.2%, and the S&P 500 fell 0.7%. Trading Activity Trading volume this week was 128.1% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.0. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -30.4% The company's stock price performance over the past 12 months lags the peer average by -134.7% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
On November 24, 2020, Severn Bancorp (NASDAQ:SVBI) declared a dividend payable on December 15, 2020 to its shareholders. Severn Bancorp also announced that …
ANNAPOLIS, Md., Oct. 22, 2020 /PRNewswire/ -- Severn Bancorp, Inc. (the Company) (NASDAQ: SVBI), the parent company of Severn Bank (the Bank), reported net income of $1.9 million for the third quarter ended September 30, 2020 and $4.2 million for the nine months ended September 30, 2020…
ANNAPOLIS, Md. , Jan. 27, 2020 /PRNewswire/ -- Severn Bancorp, Inc., (NASDAQ: SVBI ), the parent company of Severn Bank, reported net income available to common shareholders for the 2019 year of $8.4 million vs. $8.5 million for the 2018 year. Net Income available to common shareholders for fourth quarter was $1.2 million vs. $2.6 million for the fourth quarter of 2018. Total assets were up slightly in the fourth quarter 2019 from the prior quarter to $827 million , but down $147 million from the prior year-end of $974 million at December 31 , 2018. Earnings per share on a fully diluted basis were $0.09 for the fourth quarter and $0.65 per share for the year ended December 31, 2019 vs. $0.20 and $0.67 per share, respectively, for the same periods in 2018. "At first glance some of the year-end financial results may seem concerning," stated Alan J. Hyatt , President and Chief Executive Officer. Mr. Hyatt continued, "The Bank experienced significant payoffs in outstanding loans. We also saw a large reduction in short term investor deposits that affected earnings.
ANNAPOLIS, Md., Nov. 26, 2019 /PRNewswire/ -- Severn Bancorp, Inc., (NASDAQ: SVBI) (the "Company"), parent company of Severn Bank today announced that the Board of Directors approved a cash dividend to its shareholders. The cash dividend of four cents ($0.04) per share of common stock,…
Annapolis, MD - Severn Bank has announced the opening of a new branch at 2151 Defense Highway in the Priest Bridge Shopping Center in Crofton, Maryland. This is the seventh branch in Anne… | October 31, 2019
Annapolis, MD, October 28, 2019 - Severn Bancorp, Inc., the parent company of Severn Bank, reported net income available to common shareholders of $2.4 million for the third quarter ended… | October 31, 2019
ANNAPOLIS, Md., Oct. 28, 2019 /PRNewswire/ -- Severn Bancorp, Inc., (NASDAQ: SVBI), the parent company of Severn Bank, reported net income available to common shareholders of $2.4 million for the third quarter ended September 30, 2019 and $7.2 million for the nine months ended September…