Glen Burnie Bancorp (NASDAQ:GLBZ) Short Interest Up 160.0% in December

Glen Burnie Bancorp (NASDAQ:GLBZGet Rating) saw a significant increase in short interest in December. As of December 30th, there was short interest totalling 1,300 shares, an increase of 160.0% from the December 15th total of 500 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded Glen Burnie Bancorp from a “b-” rating to a “c+” rating in a research report on Monday, October 31st.

Hedge Funds Weigh In On Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. Dakota Wealth Management bought a new position in shares of Glen Burnie Bancorp (NASDAQ:GLBZGet Rating) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the financial services provider’s stock, valued at approximately $94,000. Dakota Wealth Management owned 0.35% of Glen Burnie Bancorp at the end of the most recent quarter. Hedge funds and other institutional investors own 2.80% of the company’s stock.

Glen Burnie Bancorp Price Performance

Shares of NASDAQ:GLBZ opened at $8.35 on Friday. Glen Burnie Bancorp has a 52-week low of $7.90 and a 52-week high of $13.46. The stock’s fifty day simple moving average is $8.55 and its 200-day simple moving average is $9.53. The company has a market capitalization of $23.92 million, a P/E ratio of 16.37 and a beta of 0.68.

Glen Burnie Bancorp (NASDAQ:GLBZGet Rating) last issued its quarterly earnings data on Friday, November 4th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. Glen Burnie Bancorp had a return on equity of 5.96% and a net margin of 11.06%. The business had revenue of $3.35 million for the quarter.

Glen Burnie Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 6th. Stockholders of record on Monday, January 23rd will be given a $0.10 dividend. The ex-dividend date is Friday, January 20th. This represents a $0.40 annualized dividend and a dividend yield of 4.79%. Glen Burnie Bancorp’s dividend payout ratio is currently 78.43%.

About Glen Burnie Bancorp

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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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