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Glen Burnie Bancorp (GLBZ) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Glen Burnie Bancorp (GLBZ) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Glen Burnie Bancorp is a bank holding company. The Company through its subsidiary provides commercial & retail banking including acceptance of demand & time deposits and the origination of loans to individuals, associations, partnerships & corporations. Glen Burnie Bancorp has a market cap of $30.000 million; its shares were traded at around $10.66 with a P/E ratio of 19.05 and P/S ratio of 2.14. The dividend yield of Glen Burnie Bancorp stocks is 3.75%.


For the last quarter Glen Burnie Bancorp reported a revenue of $3.56 million, compared with the revenue of $3.36 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $14.1 million, an increase of 8.9% from last year. For the last five years Glen Burnie Bancorp had an average revenue decline of 1.9% a year.

The reported diluted earnings per share was 56 cents for the year, an increase of 69.7% from previous year. Over the last five years Glen Burnie Bancorp had an average EPS decline of 13.5% a year. The profitability rank of the company is 2 (out of 10).

At the end of the fiscal year, Glen Burnie Bancorp has the cash and cash equivalents of $16.0 million, compared with $12.6 million in the previous year. The company had no long term debt. Glen Burnie Bancorp has a financial strength rank of 4 (out of 10).

At the current stock price of $10.66, Glen Burnie Bancorp is traded at close to its historical median P/S valuation band of $11.11. The P/S ratio of the stock is 2.14, while the historical median P/S ratio is 2.24. The stock lost 7.83% during the past 12 months.

For the complete 20-year historical financial data of GLBZ, click here.

This article first appeared on GuruFocus.