Glen Burnie Bancorp (NASDAQ:GLBZ) Issues Quarterly Earnings Results

Glen Burnie Bancorp (NASDAQ:GLBZGet Free Report) released its quarterly earnings data on Friday. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $3.40 million during the quarter. Glen Burnie Bancorp had a net margin of 0.19% and a return on equity of 0.16%.

Glen Burnie Bancorp Stock Performance

NASDAQ GLBZ opened at $4.67 on Friday. The company’s 50-day simple moving average is $4.54 and its two-hundred day simple moving average is $4.77. Glen Burnie Bancorp has a one year low of $3.89 and a one year high of $6.99. The company has a market capitalization of $13.55 million, a price-to-earnings ratio of 467.47 and a beta of 0.23.

Hedge Funds Weigh In On Glen Burnie Bancorp

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. Raymond James Financial Inc. bought a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,514 shares of the financial services provider’s stock, valued at approximately $58,000. Raymond James Financial Inc. owned approximately 0.40% of Glen Burnie Bancorp at the end of the most recent quarter. 9.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Glen Burnie Bancorp in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Get Our Latest Research Report on Glen Burnie Bancorp

About Glen Burnie Bancorp

(Get Free Report)

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.

See Also

Earnings History for Glen Burnie Bancorp (NASDAQ:GLBZ)

Receive News & Ratings for Glen Burnie Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glen Burnie Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.