Glen Burnie Bancorp (NASDAQ:GLBZ) released its earnings results on Monday. The financial services provider reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $3.13 million during the quarter. Glen Burnie Bancorp had a return on equity of 3.31% and a net margin of 7.67%.
The business also recently announced a quarterly dividend, which was paid on Friday, May 5th. Investors of record on Monday, April 24th were issued a $0.10 dividend. The ex-dividend date was Thursday, April 20th. This represents a $0.40 dividend on an annualized basis and a yield of 3.36%. Glen Burnie Bancorp’s dividend payout ratio (DPR) is presently 97.56%.
Separately, TheStreet lowered Glen Burnie Bancorp from a “b” rating to a “c+” rating in a report on Tuesday, March 21st.
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.
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