Glen Burnie Bancorp Announces Quarterly Dividend of $0.10 (NASDAQ:GLBZ)

Glen Burnie Bancorp (NASDAQ:GLBZ) announced a quarterly dividend on Friday, April 12th, Zacks reports. Investors of record on Monday, April 22nd will be paid a dividend of 0.10 per share by the financial services provider on Monday, May 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date of this dividend is Friday, April 19th.

Glen Burnie Bancorp Stock Down 1.0 %

GLBZ opened at $5.30 on Friday. The stock’s fifty day moving average is $6.08 and its two-hundred day moving average is $5.99. The company has a market capitalization of $15.31 million, a P/E ratio of 10.59 and a beta of 0.65. Glen Burnie Bancorp has a 52 week low of $4.90 and a 52 week high of $9.82.

Glen Burnie Bancorp (NASDAQ:GLBZ) last announced its quarterly earnings results on Friday, February 16th. The financial services provider reported $0.06 EPS for the quarter. Glen Burnie Bancorp had a return on equity of 8.41% and a net margin of 9.90%. The firm had revenue of $3.19 million for the quarter.

Institutional Investors Weigh In On Glen Burnie Bancorp

Several large investors have recently modified their holdings of GLBZ. Vanguard Group Inc. boosted its stake in shares of Glen Burnie Bancorp by 22.4% during the fourth quarter. Vanguard Group Inc. now owns 12,750 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 2,336 shares in the last quarter. LPL Financial LLC lifted its holdings in Glen Burnie Bancorp by 14.2% during the third quarter. LPL Financial LLC now owns 70,050 shares of the financial services provider’s stock worth $446,000 after buying an additional 8,700 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Glen Burnie Bancorp by 52.5% during the 2nd quarter. Alliancebernstein L.P. now owns 30,500 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 10,495 shares in the last quarter. Institutional investors own 9.78% of the company’s stock.

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.