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GLBZ

Glen Burnie Bancorp NasdaqCM:GLBZ Stock Report

Last Price

US$11.39

Market Cap

US$32.6m

7D

-0.8%

1Y

-12.4%

Updated

26 Jun, 2022

Data

Company Financials
GLBZ fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends2/6

GLBZ Stock Overview

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.

Glen Burnie Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Glen Burnie Bancorp
Historical stock prices
Current Share PriceUS$11.39
52 Week HighUS$14.91
52 Week LowUS$10.60
Beta0.85
1 Month Change-0.50%
3 Month Change-12.76%
1 Year Change-12.36%
3 Year Change3.57%
5 Year Change8.40%
Change since IPO80.75%

Recent News & Updates

Apr 21
Glen Burnie Bancorp's (NASDAQ:GLBZ) Dividend Will Be US$0.10

Glen Burnie Bancorp's (NASDAQ:GLBZ) Dividend Will Be US$0.10

Glen Burnie Bancorp ( NASDAQ:GLBZ ) will pay a dividend of US$0.10 on the 9th of May. The dividend yield will be 3.2...

Shareholder Returns

GLBZUS BanksUS Market
7D-0.8%3.7%6.6%
1Y-12.4%-17.7%-18.4%

Return vs Industry: GLBZ exceeded the US Banks industry which returned -17.7% over the past year.

Return vs Market: GLBZ exceeded the US Market which returned -18.4% over the past year.

Price Volatility

Is GLBZ's price volatile compared to industry and market?
GLBZ volatility
GLBZ Average Weekly Movement7.9%
Banks Industry Average Movement3.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: GLBZ is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: GLBZ's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194985John Longhttps://www.thebankofglenburnie.com

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 savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, and IRA and SEP accounts, as well as certificates of deposit. It also provides residential and commercial real estate, construction, land acquisition and development, and secured and unsecured commercial loans, as well as consumer installment lending, such as indirect automobile lending services; and residential first and second mortgage loans, home equity lines of credit, and commercial mortgage loans.

Glen Burnie Bancorp Fundamentals Summary

How do Glen Burnie Bancorp's earnings and revenue compare to its market cap?
GLBZ fundamental statistics
Market CapUS$32.57m
Earnings (TTM)US$2.15m
Revenue (TTM)US$13.55m

15.1x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GLBZ income statement (TTM)
RevenueUS$13.55m
Cost of RevenueUS$0
Gross ProfitUS$13.55m
Other ExpensesUS$11.40m
EarningsUS$2.15m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.75
Gross Margin100.00%
Net Profit Margin15.89%
Debt/Equity Ratio73.3%

How did GLBZ perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

53%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is GLBZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GLBZ?

Other financial metrics that can be useful for relative valuation.

GLBZ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does GLBZ's PE Ratio compare to its peers?

GLBZ PE Ratio vs Peers
The above table shows the PE ratio for GLBZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average26.3x
HWIS Home Bancorp Wisconsin
51.3xn/aUS$32.5m
PPAL Peoples Trust Company of St. Albans
14.4xn/aUS$31.5m
EDVR Endeavor Bancorp
23.9xn/aUS$33.8m
APLO Apollo Bancorp
15.8xn/aUS$29.3m
GLBZ Glen Burnie Bancorp
15.1xn/aUS$32.6m

Price-To-Earnings vs Peers: GLBZ is good value based on its Price-To-Earnings Ratio (15.1x) compared to the peer average (26.3x).


Price to Earnings Ratio vs Industry

How does GLBZ's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: GLBZ is expensive based on its Price-To-Earnings Ratio (15.1x) compared to the US Banks industry average (9.6x)


Price to Earnings Ratio vs Fair Ratio

What is GLBZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GLBZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GLBZ's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of GLBZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GLBZ ($11.39) is trading above our estimate of fair value ($8.98)

Significantly Below Fair Value: GLBZ is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GLBZ's PEG Ratio to determine if it is good value.


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Future Growth

How is Glen Burnie Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.6%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Glen Burnie Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine Glen Burnie Bancorp's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Glen Burnie Bancorp performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


18.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GLBZ has high quality earnings.

Growing Profit Margin: GLBZ's current net profit margins (15.9%) are higher than last year (14.2%).


Past Earnings Growth Analysis

Earnings Trend: GLBZ's earnings have grown by 18.2% per year over the past 5 years.

Accelerating Growth: GLBZ's earnings growth over the past year (8%) is below its 5-year average (18.2% per year).

Earnings vs Industry: GLBZ earnings growth over the past year (8%) underperformed the Banks industry 20.7%.


Return on Equity

High ROE: GLBZ's Return on Equity (7.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Glen Burnie Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: GLBZ's Assets to Equity ratio (16x) is moderate.

Allowance for Bad Loans: GLBZ has a sufficient allowance for bad loans (1102%).

Low Risk Liabilities: 95% of GLBZ's liabilities are made up of primarily low risk sources of funding.

Loan Level: GLBZ has an appropriate level of Loans to Assets ratio (46%).

Low Risk Deposits: GLBZ's Loans to Deposits ratio (52%) is appropriate.

Level of Bad Loans: GLBZ has an appropriate level of bad loans (0.1%).


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Dividend

What is Glen Burnie Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.51%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GLBZ's dividend (3.51%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: GLBZ's dividend (3.51%) is low compared to the top 25% of dividend payers in the US market (4.24%).


Stability and Growth of Payments

Stable Dividend: GLBZ's dividend payments have been volatile in the past 10 years.

Growing Dividend: GLBZ's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (53%), GLBZ's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.6yrs

Average management tenure


CEO

John Long (65 yo)

6.17yrs

Tenure

US$401,814

Compensation

Mr. John D. Long has been the Chief Executive Officer, President and Director of Glen Burnie Bancorp and The Bank of Glen Burnie since April 01, 2016. Mr. Long served as an Interim Chief Financial Officer...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD401.81K) is below average for companies of similar size in the US market ($USD749.40K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GLBZ's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: GLBZ's board of directors are seasoned and experienced ( 13.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Glen Burnie Bancorp's employee growth, exchange listings and data sources


Key Information

  • Name: Glen Burnie Bancorp
  • Ticker: GLBZ
  • Exchange: NasdaqCM
  • Founded: 1949
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$32.569m
  • Shares outstanding: 2.86m
  • Website: https://www.thebankofglenburnie.com

Number of Employees


Location

  • Glen Burnie Bancorp
  • 101 Crain Highway, S.E.
  • Glen Burnie
  • Maryland
  • 21061
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.