Severn Bancorp Inc (SVBI) Files Form 4 Insider Buying : David S. Jones Buys 20,000 Shares

Severn Bancorp Inc (SVBI): David S. Jones , director of Severn Bancorp Inc purchased 20,000 shares on Apr 15, 2016. The Insider buying transaction was reported by the company on Apr 18, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.50 per share for a total value of $110,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 18, 2016, Alan J Hyatt (CEO) purchased 20,000 shares at $5.50 per share price.On Apr 15, 2016, James Anthony (director) purchased 65,000 shares at $5.50 per share price.Also, On Apr 15, 2016, Raymond S. Crosby (director) purchased 36,000 shares at $5.50 per share price.On Apr 15, 2016, Konrad Wayson (director) purchased 20,000 shares at $5.50 per share price.

Severn Bancorp: On Friday, Apr 15, 2016 heightened volatility was witnessed in Severn Bancorp which led to swings in the share price. The shares opened for trading at $5.15 and hit $5.69 on the upside , eventually ending the session at $5.56, with a gain of 4.91% or 0.26 points. The heightened volatility saw the trading volume jump to 33,758 shares. The 52-week high of the share price is $5.88 and the company has a market cap of $56 M . The 52-week low of the share price is at $4.61.

Severn Bancorp Money Flow Index Chart

Currently the company Insiders own 19.8% of Severn Bancorp shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by 7.14%.Institutional Investors own 2.15% of Severn Bancorp shares.During last six month period, the net percent change held by insiders has seen a change of 4.48%.

Severn Bancorp Inc. (Bancorp) is a savings and loan holding company. The Company conducts business primarily through two subsidiaries Severn Savings Bank FSB (the Bank) and SBI Mortgage Company (SBI). The Bank’s principal subsidiary Louis Hyatt Inc. (Hyatt Commercial) is a commercial real estate brokerage and property management company. SBI 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. The Bank has four branches in Anne Arundel County Maryland which offer a range of deposit products and originate mortgages in its primary market of Anne Arundel County Maryland and to a lesser extent in other parts of Maryland Delaware and Virginia. As of December 31 2014 Bancorp had total assets of $776328000 and total deposits of $543814000.

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