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Saturday, October 15, 2011

Earnings Beats & Misses: (SVBI)

Severn Bancorp Inc (SVBI) reported earnings results for the quarter ended September 2011. The company reported $0.01 per share when analysts were expecting earnings of $0.0. Actual earnings beat estimated earnings by $0.01 per share. Investors might expect the stock price to rise on better than expected results. Further analysis on other trends may need to be completed to determine whether the upswing will be confirmed. Guidance, stock price, and revenue estimates must be considered as well. Shares of SVBI traded higher by 1.2% or $0.03/share to $2.53. In the past year, the shares have traded as low as $2.09 and as high as $5.69. On average, 4155 shares of SVBI exchange hands on a given day and today's volume is recorded at 17325.