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

Glen Burnie Bancorp (NASDAQ:GLBZ) announced a quarterly dividend on Thursday, April 11th, Zacks reports. Investors 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 7.50%. The ex-dividend date is Friday, April 19th.

Glen Burnie Bancorp Price Performance

Shares of NASDAQ GLBZ opened at $5.33 on Wednesday. The company has a market capitalization of $15.40 million, a P/E ratio of 10.66 and a beta of 0.65. The company has a 50 day simple moving average of $6.02 and a 200-day simple moving average of $5.96. Glen Burnie Bancorp has a 1 year low of $4.90 and a 1 year 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. The business 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%.

Hedge Funds Weigh In On Glen Burnie Bancorp

Several large investors have recently made changes to their positions in the stock. LPL Financial LLC purchased a new stake in Glen Burnie Bancorp during the fourth quarter worth about $80,000. Vanguard Group Inc. acquired a new position in shares of Glen Burnie Bancorp in the third quarter valued at approximately $66,000. Finally, Alliancebernstein L.P. increased its stake 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 worth $235,000 after buying an additional 10,495 shares during the period. 9.78% of the stock is currently owned by institutional investors and hedge funds.

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.