ValuEngine Upgrades Glen Burnie Bancorp (GLBZ) to Buy

Glen Burnie Bancorp (NASDAQ:GLBZ) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

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Separately, TheStreet raised Glen Burnie Bancorp from a “c+” rating to a “b-” rating in a research report on Monday, May 1st.

Glen Burnie Bancorp (NASDAQ GLBZ) opened at 10.93 on Thursday. The firm has a 50-day moving average price of $10.73 and a 200 day moving average price of $11.42. The firm has a market capitalization of $30.53 million, a price-to-earnings ratio of 26.21 and a beta of -0.08. Glen Burnie Bancorp has a 52 week low of $9.85 and a 52 week high of $12.55.

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

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Glen Burnie Bancorp Company Profile

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.