SVBI Severn Bancorp Inc featured news, full reports, and detailed charts
Severn Bancorp Inc (SVBI) Wrap Up:
Bancorp is a savings and loan holding company chartered as a corporation in the state of Maryland in 1990. It conducts business through three subsidiaries: Severn Savings Bank, FSB (“Bank”), its principal subsidiary; Louis Hyatt, Inc. (“HC”), which is doing business as Hyatt Commercial, a commercial real estate brokerage and property management company; and SBI Mortgage Company (“SBI”), which holds mortgages that do not meet the underwriting criteria of the Bank, and is the parent company of Crownsville Development Corporation (“Crownsville”), which is doing business as Annapolis Equity Group, which acquires real estate for syndication and investment purposes. On December 17, 2004, Bancorp acquired all the common stock of newly formed Severn Capital Trust I, a Delaware business trust. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f12%2f0000868271-08-000011.html#FIS_BUSINESS"Severn Bancorp Inc. (SVBI:NASDAQ)
Snapshot of Severn Bancorp Inc. (SVBI)
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OPEN
$2.75
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PREVIOUS CLOSE
$2.75
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DAY HIGH
$2.75
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DAY LOW
$2.75
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52 WEEK HIGH
11/20/08 - $6.15
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52 WEEK LOW
07/15/09 - $2.10
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MARKET CAP
27.7M
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AVERAGE VOLUME 3 mo
4.8K
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DILUTED EPS TTM
$-1.42
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SHARES OUTSTANDING
10.1M
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EX-DATE
09/28/09
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P/E TTM
NM
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DIVIDEND
$0.12
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DIVIDEND YIELD
4.36%
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| K = Thousands M = Millions B = Billions | ||
SVBI Top Compensated Officers
Executives, Board Directors
Key developments for Severn Bancorp Inc. (SVBI)
Severn Bancorp Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss of $4.4 million (unaudited), or $0.48 per share, compared to a net loss of $6.9 million (unaudited) or $0.73 per share for the second quarter of 2009 and net income of $0.6 million (unaudited), or $0.06 per share for the third quarter of 2008. The net loss of $4.4 million for the quarter was due to an increase in the loan loss reserve of approximately $8.9 million during the quarter ended September 30, 2009. This increase is a non-cash charge against earnings. For the nine months, the company reported net loss of $12.6 million, or $1.38 per share, compared to net income of $4.3 million, or $0.43 per share for the nine months ended September 30, 2008.
Severn Bancorp Inc. has appointed James Orazi as senior vice president of mortgage operations. Orazi had been vice president for construction lending at K Bank in Baltimore.
On October 1, 2009, Beard Miller Company LLP resigned as the auditors of the Severn Bancorp Inc. and with the approval of the Audit Committee of the company's Board of Directors, ParenteBeard was engaged as its independent registered public accounting firm.
SVBI Competitors
| Company | Last | Change |
| Carver Bancorp Inc | $8.01 USD | -0.0192 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SVBI | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 4.8x |
Not meaningful
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| Price/Book | 0.2x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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SVBI |
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SVBI transactions
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Target | |
| No transactions in the last 6 months. | ||