Thomson Horstmann & Bryant Inc. bought a new stake in shares of Severn Bancorp, Inc. (NASDAQ:SVBI) in the third quarter, HoldingsChannel reports. The fund bought 196,655 shares of the bank’s stock, valued at approximately $1,927,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Severn Bancorp by 22.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 33,924 shares of the bank’s stock valued at $293,000 after acquiring an additional 6,190 shares during the period. Chevy Chase Trust Holdings Inc. grew its position in shares of Severn Bancorp by 43.5% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 20,603 shares of the bank’s stock valued at $178,000 after acquiring an additional 6,250 shares during the period. Renaissance Technologies LLC grew its position in shares of Severn Bancorp by 25.5% during the 2nd quarter. Renaissance Technologies LLC now owns 33,131 shares of the bank’s stock valued at $287,000 after acquiring an additional 6,731 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Severn Bancorp by 22.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 39,631 shares of the bank’s stock valued at $343,000 after acquiring an additional 7,260 shares during the period. Finally, Gendell Jeffrey L grew its position in shares of Severn Bancorp by 4.1% during the 2nd quarter. Gendell Jeffrey L now owns 254,745 shares of the bank’s stock valued at $2,204,000 after acquiring an additional 10,000 shares during the period. 20.10% of the stock is owned by hedge funds and other institutional investors.

Severn Bancorp stock opened at $8.18 on Wednesday. Severn Bancorp, Inc. has a twelve month low of $6.85 and a twelve month high of $9.86. The company has a market cap of $110.04 million, a PE ratio of 14.66 and a beta of 0.81. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 0.98.

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Severn Bancorp Company Profile

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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Institutional Ownership by Quarter for Severn Bancorp (NASDAQ:SVBI)

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