Glen Burnie Bancorp (NASDAQ:GLBZ) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Tuesday.

Shares of Glen Burnie Bancorp (GLBZ) traded up $0.07 during trading hours on Tuesday, hitting $11.37. The company had a trading volume of 300 shares, compared to its average volume of 3,509. Glen Burnie Bancorp has a twelve month low of $10.34 and a twelve month high of $12.55. The stock has a market capitalization of $31.65, a price-to-earnings ratio of 21.32 and a beta of -0.10.

Glen Burnie Bancorp (NASDAQ:GLBZ) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.15 earnings per share (EPS) for the quarter. Glen Burnie Bancorp had a return on equity of 4.26% and a net margin of 9.66%. The business had revenue of $3.30 million during the quarter.

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. Alpine Woods Capital Investors LLC bought a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the financial services provider’s stock, valued at approximately $109,000. Alpine Woods Capital Investors LLC owned approximately 0.36% of Glen Burnie Bancorp at the end of the most recent reporting period. Institutional investors and hedge funds own 14.29% of the company’s stock.

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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.

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