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

Glen Burnie Bancorp (NASDAQ:GLBZ) declared a quarterly dividend on Thursday, April 11th, Zacks reports. Shareholders 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 yield of 7.74%. The ex-dividend date is Friday, April 19th.

Glen Burnie Bancorp Price Performance

Shares of GLBZ opened at $5.17 on Thursday. The company’s fifty day moving average price is $5.98 and its 200-day moving average price is $5.96. Glen Burnie Bancorp has a 1-year low of $4.90 and a 1-year high of $9.82. The firm has a market capitalization of $14.93 million, a PE ratio of 10.33 and a beta of 0.65.

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

Institutional Investors Weigh In On Glen Burnie Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. increased its holdings in Glen Burnie Bancorp by 52.5% in the 2nd quarter. Alliancebernstein L.P. now owns 30,500 shares of the financial services provider’s stock worth $235,000 after buying an additional 10,495 shares during the period. Vanguard Group Inc. purchased a new stake in shares of Glen Burnie Bancorp in the 3rd quarter valued at $66,000. Finally, LPL Financial LLC acquired a new stake in shares of Glen Burnie Bancorp in the fourth quarter worth $80,000. Institutional investors and hedge funds 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.