Ownership Action To Observe: Glen Burnie Bancorp (NASDAQ:GLBZ) Sentiment Drops in 2016 Q2

November 21, 2016 - By kentuckypostne   ·   0 Comments

Ownership Action To Observe: Glen Burnie Bancorp (NASDAQ:GLBZ) Sentiment  Drops in  2016 Q2

Sentiment for Glen Burnie Bancorp (NASDAQ:GLBZ)

Glen Burnie Bancorp (NASDAQ:GLBZ) institutional sentiment decreased to 0.75 in 2016 Q2. Its down -0.25, from 1 in 2016Q1. The ratio dived, as 4 funds increased and started new equity positions, while 4 sold and reduced holdings in Glen Burnie Bancorp. The funds in our partner’s database now have: 634,090 shares, down from 643,861 shares in 2016Q1. Also, the number of funds holding Glen Burnie Bancorp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 4 Increased: 3 New Position: 1.

Glen Burnie Bancorp is the bank holding firm for The Bank of Glen Burnie , a commercial bank. The company has a market cap of $29.18 million. 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 firms. It has a 25.18 P/E ratio. The Company’s real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans.

About 1,374 shares traded hands. Glen Burnie Bancorp (NASDAQ:GLBZ) has declined 7.27% since April 19, 2016 and is downtrending. It has underperformed by 11.13% the S&P500.

According to Zacks Investment Research, “Glen Burnie Bancorp is a bank holding company that wholly owns The Bank of Glen Burnie, a commercial bank serving northern Anne Arundel County and surrounding areas. 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. The bank’s real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans.”

Castine Capital Management Llc holds 0.53% of its portfolio in Glen Burnie Bancorp for 103,619 shares. Court Place Advisors Llc owns 16,692 shares or 0.1% of their US portfolio. Moreover, Banc Funds Co Llc has 0.04% invested in the company for 70,849 shares. The New York-based Hutchin Hill Capital Lp has invested 0.02% in the stock. Alliancebernstein L.P., a New York-based fund reported 115,200 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 3 buys, and 0 insider sales for $28,120 net activity.

GLBZ Company Profile

Glen Burnie Bancorp, incorporated on December 20, 1990, is the bank holding firm 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 firms. The Bank’s real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans. The Company’s commercial lending consists of both secured and unsecured loans. The Bank also originates automobile loans through arrangements with local automobile dealers. The Bank also maintains an automated teller machine (ATM) location in Pasadena.

More important recent Glen Burnie Bancorp (NASDAQ:GLBZ) news were published by: Globenewswire.com which released: “Glen Burnie Bancorp Releases 2Q 2016 Earnings” on July 25, 2016, also Baltimoresun.com published article titled: “Glen Burnie Bancorp earnings fall 98 percent”, Globenewswire.com published: “Glen Burnie Bancorp Declares 3Q 2016 Dividend” on October 13, 2016. More interesting news about Glen Burnie Bancorp (NASDAQ:GLBZ) was released by: Reuters.com and their article: “BRIEF-Glen Burnie Bancorp says Q3 earnings per share $0.04” with publication date: October 26, 2016.

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By kentuckypostne


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