John D. Long Purchases 2,000 Shares of Glen Burnie Bancorp (GLBZ) Stock

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Glen Burnie Bancorp (NASDAQ:GLBZ) CEO John D. Long acquired 2,000 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were purchased at an average cost of $12.67 per share, for a total transaction of $25,340.00. Following the purchase, the chief executive officer now directly owns 7,688 shares in the company, valued at $97,406.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ GLBZ opened at $12.17 on Wednesday. The company has a market cap of $33.03 million, a PE ratio of 19.26 and a beta of -0.01. Glen Burnie Bancorp has a 12 month low of $10.90 and a 12 month high of $13.55.

Glen Burnie Bancorp (NASDAQ:GLBZ) last issued its quarterly earnings data on Monday, July 30th. The financial services provider reported $0.17 EPS for the quarter. The business had revenue of $3.44 million for the quarter. Glen Burnie Bancorp had a net margin of 7.07% and a return on equity of 5.13%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 2nd. Stockholders of record on Monday, October 22nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, October 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.29%.

Glen Burnie Bancorp Company Profile

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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