Glen Burnie Bancorp (GLBZ) Releases Earnings Results
Glen Burnie Bancorp (NASDAQ:GLBZ) released its earnings results on Wednesday. The financial services provider reported $0.15 earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $3.30 million for the quarter. Glen Burnie Bancorp had a net margin of 7.77% and a return on equity of 3.39%.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 3rd. Stockholders of record on Monday, October 23rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, October 20th. Glen Burnie Bancorp’s dividend payout ratio is presently 95.24%.
Separately, ValuEngine raised shares of Glen Burnie Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th.
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About Glen Burnie Bancorp
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.
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