Severn Bancorp (SVBI)

[GregGrown]

Seems like a good sign

https://xnewspress.com/2018/08/30/gendell-jeffrey-l-raises-stake-in-severn-bancorp-inc-svbi.html

Gendell Jeffrey L lifted its stake in shares of Severn Bancorp, Inc. (NASDAQ:SVBI) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 254,745 shares of the bank’s stock after acquiring an additional 10,000 shares during the quarter. Gendell Jeffrey L owned approximately 2.01% of Severn Bancorp worth $2,204,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. JCSD Capital LLC purchased a new position in shares of Severn Bancorp during the second quarter worth approximately $977,000. Dimensional Fund Advisors LP increased its position in shares of Severn Bancorp by 22.3% during the second quarter. Dimensional Fund Advisors LP now owns 33,924 shares of the bank’s stock worth $293,000 after acquiring an additional 6,190 shares during the period. BlackRock Inc. increased its position in shares of Severn Bancorp by 400.7% during the second quarter. BlackRock Inc. now owns 29,183 shares of the bank’s stock worth $252,000 after acquiring an additional 23,355 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in shares of Severn Bancorp by 43.5% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 20,603 shares of the bank’s stock worth $178,000 after acquiring an additional 6,250 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of Severn Bancorp by 22.4% during the second quarter. Commonwealth Equity Services LLC now owns 39,631 shares of the bank’s stock worth $343,000 after acquiring an additional 7,260 shares during the period. 18.40% of the stock is currently owned by institutional investors and hedge funds.