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

Glen Burnie Bancorp (NASDAQ:GLBZ) declared a quarterly dividend on Thursday, April 11th, Zacks reports. Shareholders of record on Monday, April 22nd will be given a dividend of 0.10 per share by the financial services provider on Monday, May 6th. This represents a $0.40 annualized dividend and a yield of 7.74%. The ex-dividend date of this dividend is Friday, April 19th.

Glen Burnie Bancorp Trading Up 0.7 %

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

Glen Burnie Bancorp (NASDAQ:GLBZ) last posted its earnings results on Friday, February 16th. The financial services provider reported $0.06 EPS for the quarter. The firm had revenue of $3.19 million for 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

Several institutional investors have recently added to or reduced their stakes in GLBZ. Vanguard Group Inc. raised its holdings in 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 worth $76,000 after purchasing an additional 2,336 shares in the last quarter. LPL Financial LLC grew its position in shares of Glen Burnie Bancorp by 14.2% in the 3rd quarter. LPL Financial LLC now owns 70,050 shares of the financial services provider’s stock valued at $446,000 after buying an additional 8,700 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of 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 valued at $235,000 after buying an additional 10,495 shares during the last quarter. Hedge funds and other 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.