Glen Burnie Bancorp (NASDAQ:GLBZ) Lowered to “Sell” at ValuEngine

ValuEngine downgraded shares of Glen Burnie Bancorp (NASDAQ:GLBZ) from a hold rating to a sell rating in a research report report published on Thursday, March 21st, ValuEngine reports.

Shares of Glen Burnie Bancorp stock traded down $0.02 during trading on Thursday, reaching $10.63. 3,520 shares of the company’s stock were exchanged, compared to its average volume of 2,053. Glen Burnie Bancorp has a 1-year low of $10.00 and a 1-year high of $13.55. The stock has a market capitalization of $30.03 million, a P/E ratio of 19.11 and a beta of 0.24.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Monday, April 22nd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.76%.

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

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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