Recent Insider Activity: Glen Burnie Bancorp $GLBZ

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Glen Burnie Bancorp (GLBZ) insider have most recently took part in a trading activity. On Aug 28, 2017 Harrison Norman E Jr, Director bought 240 shares having total worth of $2,556 at the price of $10.65 per share, following the transaction a total of 3,825 shares owned by Harrison Norman E Jr. Before this latest buy, Harrison Norman E Jr purchased GLBZ at 2 other times during the past twelve months, for a total investment of $5,089 at an average of $11.01 per share.

Furthermore, over the past 12 months , the stock was traded 7 times by insiders. an employee of the company was the buyer in 7 instances.

Shares of Glen Burnie Bancorp (GLBZ) traded down 2.33% on Aug 28, 2017, hitting $10.48. 7,103 shares of the company’s stock traded hands. Glen Burnie Bancorp has a 52 week low of $9.58 and a 52 week high of $12.32. The company’s market cap is $28 million.

Glen Burnie Bancorp (GLBZ) last announced its earnings results on Aug 3, 2017. The company reported 0.12 earnings per share (EPS) for the quarter. The company had revenue of $3 million for the quarter During the same quarter in the previous year, the company posted 0.11 earnings per share. The company’s revenue for the quarter was up 5% on a year-over-year basis.

2017-08-03 2017-05-08 2016-02-25 2015-11-10 2015-08-07 2015-05-11 2015-03-18 2014-11-07
earnings per share 0.12 0.11 0.16 0.00 0.19 0.14 0.17 0.19
Revenue(M) 3.2 3.13 3.55 3.47 3.81 3.4 3.55 3.66

Glen Burnie Bancorp is a bank holding Company organized in 1990 under the laws of the State of Maryland. The Company owns all the outstanding shares of capital stock of The Bank of Glen Burnie (the ‘Bank’), a commercial bank organized in 1949 under the laws of the State of Maryland. The Bank is engaged in the commercial and retail banking business, offering services including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships and corporations. Its real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans. Lending activities include residential and commercial real estate loans, construction loans, land acquisition and development loans, commercial loans and consumer installment lending. The Bank solicits loan applications for commercial loans from small to medium sized businesses located in its market area. Consumer lending currently consists mainly of indirect automobile loans originated through arrangements with local dealers. The Bank offers long-term mortgage financing for residential and commercial real estate, as well as construction and land development loans. The Bank additionally provides installment and time lending including various capital loans, equipment, vehicles, lines of credit and letters of credit for commercial lenders. Its commercial portfolio includes demand, installment and time lending for commercial purposes. The Bank’s commercial loan portfolio consists of demand, installment and time loans for commercial purposes. The Bank’s business demand, installment and time lending includes various working capital loans, equipment, vehicles, lines of credit and letters of credit for commercial customers. The Bank makes consumer and commercial installment loans for the purchase of automobiles, boats, other consumer durable goods, capital goods and equipment. The Bank’s deposit products include regular savings accounts (statements), money market deposit accounts, demand deposit accounts, NOW checking accounts, IRA and SEP accounts, Christmas club accounts and certificates of deposit. ATMS, wire transfers, telephone banking, money orders and travelers checks, and safe deposit banks are also offered. The Bank faces competition for deposits and loans from other community banks, branches or affiliates of larger banks, savings and loan associations, savings banks and credit unions, which compete vigorously. The Company is registered with the Board of Governors of the Federal Reserve System and subject to Federal Reserve Board regulation, examination, supervision and reporting requirements.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.