Glen Burnie Bancorp (GLBZ) Posts Earnings Results

Glen Burnie Bancorp (NASDAQ:GLBZ) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The firm had revenue of $3.30 million during the quarter. Glen Burnie Bancorp had a net margin of 7.77% and a return on equity of 3.39%.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 3rd. Investors of record on Monday, October 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Friday, October 20th. Glen Burnie Bancorp’s dividend payout ratio (DPR) is presently 95.24%.

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Separately, ValuEngine upgraded shares of Glen Burnie Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, August 17th.

Glen Burnie Bancorp Company Profile

Glen Burnie Bancorp is the bank holding company for The Bank of Glen Burnie (the Bank), a commercial bank. The Bank is engaged in the commercial and retail banking business, including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships and corporations.

Earnings History for Glen Burnie Bancorp (NASDAQ:GLBZ)

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