Short Interest in Glen Burnie Bancorp (NASDAQ:GLBZ) Expands By 64.5%

Glen Burnie Bancorp (NASDAQ:GLBZ) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 5,100 shares, a growth of 64.5% from the July 15th total of 3,100 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 11,300 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. Private Advisor Group LLC purchased a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,266 shares of the financial services provider’s stock, valued at approximately $80,000. Private Advisor Group LLC owned about 0.46% of Glen Burnie Bancorp as of its most recent SEC filing. Institutional investors and hedge funds own 9.78% of the company’s stock.

Glen Burnie Bancorp Stock Performance

Shares of NASDAQ:GLBZ traded up $0.07 during midday trading on Wednesday, reaching $4.65. 2,163 shares of the company’s stock were exchanged, compared to its average volume of 7,905. The company’s 50 day simple moving average is $4.28 and its two-hundred day simple moving average is $5.17. The firm has a market capitalization of $13.46 million, a PE ratio of 13.09 and a beta of 0.63. Glen Burnie Bancorp has a 12 month low of $3.37 and a 12 month high of $8.04.

Glen Burnie Bancorp (NASDAQ:GLBZ) last released its quarterly earnings data on Friday, July 26th. The financial services provider reported ($0.07) EPS for the quarter. Glen Burnie Bancorp had a return on equity of 3.06% and a net margin of 3.41%. The business had revenue of $3.03 million for the quarter.

Glen Burnie Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Monday, July 22nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 8.60%. The ex-dividend date was Monday, July 22nd. Glen Burnie Bancorp’s dividend payout ratio is currently 114.29%.

About Glen Burnie Bancorp

Glen Burnie Bancorp operates as the bank holding company for The Bank of Glen Burnie that provides commercial and retail banking services to individuals, associations, partnerships, and corporations. The company offers savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, IRA and SEP accounts, and certificates of deposit.