Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Update

Glen Burnie Bancorp (NASDAQ:GLBZ) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,400 shares, a decline of 50.0% from the September 30th total of 4,800 shares. Based on an average daily trading volume, of 1,500 shares, the short-interest ratio is presently 1.6 days. Approximately 0.1% of the company’s stock are short sold.

Glen Burnie Bancorp stock traded down $0.21 during mid-day trading on Wednesday, reaching $11.54. The company’s stock had a trading volume of 1,300 shares, compared to its average volume of 7,984. The firm has a market cap of $32.59 million, a price-to-earnings ratio of 24.04 and a beta of 0.30. The business has a 50 day moving average price of $10.92 and a 200-day moving average price of $10.73. Glen Burnie Bancorp has a twelve month low of $10.00 and a twelve month high of $12.21.

Glen Burnie Bancorp (NASDAQ:GLBZ) last released its quarterly earnings data on Friday, November 1st. The financial services provider reported $0.21 EPS for the quarter. The firm had revenue of $3.54 million during the quarter. Glen Burnie Bancorp had a net margin of 8.55% and a return on equity of 3.97%.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, October 21st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Friday, October 18th.

Separately, ValuEngine raised shares of Glen Burnie Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Glen Burnie Bancorp Company Profile

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 accepts various deposits, including demand savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, IRA and SEP accounts, holiday club accounts, and certificates of deposit.

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