Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Update

Glen Burnie Bancorp (NASDAQ:GLBZGet Rating) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 3,400 shares, an increase of 25.9% from the March 15th total of 2,700 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is currently 0.8 days.

Shares of Glen Burnie Bancorp stock opened at $12.50 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.28. Glen Burnie Bancorp has a 52 week low of $10.60 and a 52 week high of $14.91. The firm has a 50 day moving average price of $12.34. The firm has a market capitalization of $35.70 million, a PE ratio of 14.20 and a beta of 0.93.

Glen Burnie Bancorp (NASDAQ:GLBZGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The financial services provider reported $0.19 EPS for the quarter. Glen Burnie Bancorp had a return on equity of 7.21% and a net margin of 17.79%. The firm had revenue of $2.95 million during the quarter.

The business also recently announced a dividend, which will be paid on Monday, May 9th. Investors of record on Monday, April 25th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, April 22nd. Glen Burnie Bancorp’s payout ratio is 45.46%.

A hedge fund recently raised its stake in Glen Burnie Bancorp stock. BlackRock Inc. boosted its holdings in Glen Burnie Bancorp (NASDAQ:GLBZGet Rating) by 55.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,888 shares of the financial services provider’s stock after purchasing an additional 2,822 shares during the period. BlackRock Inc. owned about 0.28% of Glen Burnie Bancorp worth $93,000 as of its most recent SEC filing. Institutional investors own 2.66% of the company’s stock.

About Glen Burnie Bancorp (Get Rating)

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 accepts various deposits, including savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, and IRA and SEP accounts, as well as certificates of deposit.

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