Large Inflow of Money Witnessed in Severn Bancorp Inc

Severn Bancorp Inc (NASDAQ:SVBI) : Wednesdays money flow indicated an uptick to downtick ratio was at 6.02. The total value of inflow transactions on upticks was $0.02 million, whereas, the total value of outflow trades on downticks was $0 million. The total money flow was $0.02 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $0.01 million. The total value of the trades done on upticks was $0.01 million. Severn Bancorp Inc (NASDAQ:SVBI) was trading with a -1.49% change over previous days close. It fell $0.09 during the day and reached $5.93. The stock was 0.89% compared to the previous weeks close.


In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Severn Bancorp Inc, Jones David S. had purchased shares worth of $110,000 in a transaction dated on April 15, 2016. A total of 20,000 shares were purchased at a price of $5.5 per share. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 19.8% of Severn Bancorp Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 10.66% . Institutional Investors own 2.24% of Severn Bancorp Inc shares. During last six month period, the net percent change held by insiders has seen a change of 10.81%.

The company shares have rallied 20.40% from its 1 Year high price. On Jun 27, 2016, the shares registered one year high at $6.12 and the one year low was seen on Sep 30, 2015. The 50-Day Moving Average price is $5.85 and the 200 Day Moving Average price is recorded at $5.50. Severn Bancorp Inc (NASDAQ:SVBI): The stock opened at $6.15 on Wednesday but the bulls could not build on the opening and the stock topped out at $6.15 for the day. The stock traded down to $5.86 during the day, due to lack of any buying support eventually closed down at $5.92 with a loss of -1.66% for the day. The stock had closed at $6.02 on the previous day. The total traded volume was 7,931 shares.

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 Banks 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 $776,328,000 and total deposits of $543,814,000.

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