NasdaqCM:GLBZ

Stock Analysis Report

Executive Summary

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.

Rewards

Earnings grew by 44.4% over the past year

Risk Analysis

Earnings have declined by -8.51% per year over past 5 years

Unstable dividend track record

Does not have a meaningful market cap ($33M)



Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

How has Glen Burnie Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GLBZ has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.3%

GLBZ

-1.6%

US Banks

0.8%

US Market


1 Year Return

9.0%

GLBZ

15.3%

US Banks

25.1%

US Market

Return vs Industry: GLBZ underperformed the US Banks industry which returned 21.7% over the past year.

Return vs Market: GLBZ underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

GLBZIndustryMarket
7 Day-1.3%-1.6%0.8%
30 Day3.6%-2.6%3.1%
90 Day4.4%5.4%10.9%
1 Year13.1%9.0%18.6%15.3%27.7%25.1%
3 Year9.0%-2.1%31.4%22.1%51.3%41.6%
5 Year10.3%-7.3%85.5%64.7%77.2%57.6%

Price Volatility Vs. Market

How volatile is Glen Burnie Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Glen Burnie Bancorp undervalued compared to its fair value and its price relative to the market?

21.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GLBZ ($11.6) is trading above our estimate of fair value ($3.79)

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


Price To Earnings Ratio

PE vs Industry: GLBZ is poor value based on its PE Ratio (22.2x) compared to the Banks industry average (12.8x).

PE vs Market: GLBZ is poor value based on its PE Ratio (22.2x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GLBZ is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

2.6%

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.


Next Steps

Past Performance

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

-8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLBZ has high quality earnings.

Growing Profit Margin: GLBZ's current net profit margins (10.8%) are higher than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: GLBZ's earnings have declined by -8.5% per year over the past 5 years.

Accelerating Growth: GLBZ's earnings growth over the past year (44.4%) exceeds its 5-year average (-8.5% per year).

Earnings vs Industry: GLBZ earnings growth over the past year (44.4%) exceeded the Banks industry 27.1%.


Return on Equity

High ROE: GLBZ's Return on Equity (4.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: GLBZ has a low level of unsold assets or inventory.

Debt Coverage by Assets: GLBZ's debt is covered by short term assets (assets are 1.1x debt).


Financial Institutions Analysis

Asset Level: GLBZ's level of assets compared to its equity is moderate.

Allowance for Bad Loans: GLBZ has a low allowance for bad loans.

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

Loan Level: GLBZ has an acceptable proportion of non-loan assets held.

Low Risk Deposits: GLBZ's loans are broadly funded by customer deposits.

Level of Bad Loans: GLBZ has an appropriate level of bad loans (1.57%)


Next Steps

Dividend

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

3.49%

Current Dividend Yield


Dividend Yield vs Market

company3.5%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: GLBZ's dividend (3.45%) is higher than the bottom 25% of dividend payers in the US market (1.4%).

High Dividend: GLBZ's dividend (3.45%) is low compared to the top 25% of dividend payers in the US market (3.66%).


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 fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.6%), GLBZ's 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 and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Glen Burnie Bancorp's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

John Long (63yo)

3.8yrs

Tenure

US$343,017

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 ($USD343.02K) is below average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.8yrs

Average Tenure

59yo

Average Age

Experienced Management: GLBZ's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

11.2yrs

Average Tenure

64yo

Average Age

Experienced Board: GLBZ's board of directors are seasoned and experienced ( 11.2 years average tenure).


Insider Trading

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.


Management Team

  • Frederick Kuethe (59yo)

    VP & Director

    • Tenure: 28yrs
    • Compensation: US$26.60k
  • Jeff Harris (63yo)

    Senior VP

    • Tenure: 2.8yrs
    • Compensation: US$209.57k
  • Michelle Stambaugh (59yo)

    Senior VP

    • Compensation: US$176.35k
  • Andy Hines (57yo)

    Executive VP & Chief Lending Officer

    • Compensation: US$169.30k
  • John Long (63yo)

    President

    • Tenure: 3.8yrs
    • Compensation: US$343.02k
  • Donna Smith (56yo)

    Senior VP and Director of Branch & Deposit Operations

    • Tenure: 4.3yrs
    • Compensation: US$188.05k

Board Members

  • John Demyan (71yo)

    Chairman of the Board

    • Tenure: 25yrs
    • Compensation: US$77.84k
  • Frederick Kuethe (59yo)

    VP & Director

    • Tenure: 28yrs
    • Compensation: US$26.60k
  • Lou Wilcox (71yo)

    Independent Director

    • Tenure: 23yrs
    • Compensation: US$18.80k
  • Thomas Clocker (84yo)

    Independent Director

    • Tenure: 25yrs
    • Compensation: US$24.95k
  • Derick Lynch (65yo)

    Independent Director

    • Tenure: 17yrs
    • Compensation: US$19.40k
  • Andrew Cooch (63yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: US$23.00k
  • John Long (63yo)

    President

    • Tenure: 3.8yrs
    • Compensation: US$343.02k
  • Joan Rumenap (61yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$5.00k
  • Stanford Hess (76yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$7.60k
  • Julie Mussog (44yo)

    Independent Director

    • Tenure: 0.7yrs

Company Information

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


Key Information

  • Name: Glen Burnie Bancorp
  • Ticker: GLBZ
  • Exchange: NasdaqCM
  • Founded: 1949
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$32.375m
  • Shares outstanding: 2.83m
  • Website: https://www.thebankofglenburnie.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLBZNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMay 1997

Biography

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, IRA and SEP accounts, and 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. In addition, the company offers ancillary products and services comprising safe deposit boxes, money orders, night depositories, automated clearinghouse transactions, automated teller machine services, and telephone and Internet banking services. Further, it provides treasury services, including wire transfer and ACH services, and debit cards; and telephone, mobile, and Internet banking services, as well as Internet bill paying services. Additionally, the company engages in the business of acquiring, holding, and disposing of real property. It serves customers in northern Anne Arundel county and surrounding areas from its main office and branch in Glen Burnie, Maryland; and branch offices in Odenton, Riviera Beach, Crownsville, Severn, Linthicum, and Severna Park, Maryland. The company also has a remote ATM located in Pasadena, Maryland. Glen Burnie Bancorp was founded in 1949 and is based in Glen Burnie, Maryland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/21 23:42
End of Day Share Price2020/01/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.