Glen Burnie Bancorp (NASDAQ:GLBZ) Earning Somewhat Favorable News Coverage, Analysis Shows

Press coverage about Glen Burnie Bancorp (NASDAQ:GLBZ) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Glen Burnie Bancorp earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.5640592719945 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

A number of analysts recently issued reports on the stock. ValuEngine upgraded shares of Glen Burnie Bancorp from a “hold” rating to a “buy” rating in a report on Thursday. TheStreet upgraded shares of Glen Burnie Bancorp from a “c+” rating to a “b-” rating in a report on Monday, May 1st.

Glen Burnie Bancorp (GLBZ) traded up 2.63% during mid-day trading on Friday, reaching $10.93. 7,090 shares of the company were exchanged. Glen Burnie Bancorp has a one year low of $9.86 and a one year high of $12.55. The stock has a 50-day moving average price of $10.73 and a 200 day moving average price of $11.42. The company has a market capitalization of $30.53 million, a PE ratio of 26.21 and a beta of -0.08.

Glen Burnie Bancorp (NASDAQ:GLBZ) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $3.20 million during the quarter. Glen Burnie Bancorp had a net margin of 7.77% and a return on equity of 3.39%.

The company also recently announced a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Monday, July 24th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.66%. The ex-dividend date was Thursday, July 20th. Glen Burnie Bancorp’s dividend payout ratio is 95.24%.

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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.