Glen Burnie Bancorp (GLBZ) AI Stock Analysis

• Market Cap: $15.58M
• Dividend Yield: 7.45%
• Average Volume (3M): 13.07K
• Price to Earnings (P/E): 403.8
• Beta (1Y): 0.14
• Revenue Growth: 13.95%
• EPS Growth: -96.19%
• Country: US
• Employees: 89
• Sector: Financial
• Sector Strength: 78
• Industry: Banks - Regional
• EPS (TTM): 0.05
• Shares Outstanding: 2,900,681
• 10 Day Avg. Volume: 5,130
• 30 Day Avg. Volume: 13,068
• PEG Ratio: 2.85
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -53.67
• Enterprise Value/Market Cap: 0.64
• Enterprise Value/Revenue: 0.16
• Enterprise Value/Gross Profit: 0.90
• Enterprise Value/Ebitda: -11.76
• 1Y Price Target: $4.50
• Price Target Upside: -16.20% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 57 Neutral
• Price Target: $5.50 ▲(2.42%Upside)

The overall stock score for Glen Burnie Bancorp is primarily influenced by financial performance challenges, with cash flow and profitability issues being the most significant concerns. The technical analysis shows moderate positive momentum, and the recent acquisition is a strategic positive. However, the stock's high P/E ratio suggests potential overvaluation despite an attractive dividend yield.

Glen Burnie Bancorp Business Overview & Revenue Model

Company Description

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. In addition, the company offers ancillary products and services comprising safe deposit boxes, money orders, night depositories, automated clearinghouse transactions, and automated teller machine (ATM) services, as well as electronic banking services that include telephone banking, online banking, bill pay, card control, mobile app, merchant source capture, mobile deposit capture, Zelle, etc. Further, it provides treasury services, including wire transfer and ACH services, and debit cards. 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.

How the Company Makes Money

Glen Burnie Bancorp generates revenue primarily through its subsidiary, The Bank of Glen Burnie, by offering traditional banking services. The company's key revenue streams include interest income from loans, which are provided to both individuals and businesses, and interest from securities investments. Additionally, the bank earns non-interest income through fees for services such as account maintenance, transaction processing, and other customer services. Factors contributing to its earnings include its customer base in the local community and the economic conditions of the region it serves. The bank also benefits from partnerships with other financial institutions and service providers to enhance its product offerings.

Glen Burnie Bancorp Financial Statement Overview

Summary

Glen Burnie Bancorp exhibits financial instability with declining profitability and inconsistent revenue growth. While the balance sheet remains relatively solid with low leverage, cash flow challenges and fluctuating net income raise concerns about long-term financial stability.

Income Statement

The company shows signs of declining revenue and profitability. The net profit margin has decreased over the years, and a net loss was reported in 2024. This indicates challenges in maintaining profitability, despite stable gross profit margins. Revenue growth has been inconsistent, with a noticeable decline from 2023 to 2024.

Balance Sheet

The balance sheet indicates a relatively stable equity position with a strong equity ratio. The company has managed to maintain a low debt-to-equity ratio, especially in 2024 with no reported debt. However, the return on equity has fluctuated, reflecting the variability in net income.

Cash Flow

Cash flow metrics reveal a mixed performance. While free cash flow was positive in earlier years, it turned negative or negligible in recent periods. The operating cash flow to net income ratio is volatile, affected by the declining net income, indicating challenges in converting profits into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.20M	16.04M	14.11M	13.80M	13.79M	14.31M
Gross Profit	11.05M	10.81M	12.81M	12.96M	13.69M	13.48M
EBITDA	-398.00K	-399.00K	1.73M	2.98M	4.09M	2.22M
Net Income	38.00K	-112.00K	1.43M	1.75M	2.52M	1.67M
Balance Sheet
Total Assets	357.97M	358.96M	351.81M	381.44M	442.07M	419.49M
Cash, Cash Equivalents and Short-Term Investments	130.30M	99.01M	141.47M	174.22M	218.11M	151.14M
Total Debt	20.00M	30.00M	30.00M	0.00	20.00M	29.91M
Total Liabilities	338.79M	341.14M	332.49M	365.38M	406.35M	382.39M
Stockholders Equity	19.18M	17.82M	19.32M	16.05M	35.72M	37.09M
Cash Flow
Free Cash Flow	-254.00K	-53.00K	1.25M	1.97M	3.37M	1.03M
Operating Cash Flow	-502.00K	28.00K	1.40M	2.23M	3.66M	1.60M
Investing Cash Flow	-5.96M	847.00K	17.66M	7.01M	-1.27M	-9.89M
Financing Cash Flow	-12.49M	8.35M	-33.91M	-41.33M	22.71M	32.09M

Glen Burnie Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLBZ, the sentiment is Positive. The current price of 5.37 is above the 20-day moving average (MA) of 5.26, above the 50-day MA of 5.06, and above the 200-day MA of 5.31, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 51.45 is Neutral, neither overbought nor oversold. The STOCH value of 40.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GLBZ.

Glen Burnie Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FUSB	75 Outperform	$75.80M	10.27	8.10%	1.99%	5.04%	-6.92%
UBCP	73 Outperform	$82.01M	11.47	11.29%	6.37%	5.81%	-22.37%
HFBL	72 Outperform	$42.75M	12.57	6.24%	3.80%	-2.69%	-21.26%
Sector *	67 Neutral	¥722.67B	10.84	7.55%	3.37%	7.81%	14.63%
GLBZ	57 Neutral	$15.58M	403.79	0.21%	7.45%	13.95%	-96.19%
KFFB	52 Neutral	$25.19M	―	-2.21%	3.03%	22.56%	-78.84%
PNBK	50 Neutral	$122.09M	―	-84.06%	―	-10.46%	-984.80%

Glen Burnie Bancorp Corporate Events

Glen Burnie Bancorp Signs Agreement to Acquire VAWM

On March 5, 2025, The Bank of Glen Burnie, a subsidiary of Glen Burnie Bancorp, entered into a Stock Purchase Agreement with Eric Tan for the acquisition of VA Wholesale Mortgage Incorporated (VAWM) for $750,000. The deal, expected to close in August 2025, includes additional earnings and loan volume incentives for the seller, who will remain as president of VAWM, ensuring continuity in management and operations.

Glen Burnie Bancorp CFO Retirement Announced

Glen Burnie Bancorp announced that its Chief Financial Officer, Jeffrey D. Harris, will retire on June 30, 2025, prompting the company to begin searching for a replacement. In the interim, Mark C. Hanna, who is currently the President and CEO, will assume the roles of interim Treasurer and interim Principal Accounting Officer starting July 1, 2025. The company has also engaged Artisan Advisors, LLC to provide support to its executive leadership and financial management team during this transition.

Glen Burnie Bancorp CFO Jeffrey D. Harris to Retire

On June 4, 2025, Glen Burnie Bancorp announced that Jeffrey D. Harris, who has served as the Treasurer and Chief Financial Officer since 2017, plans to retire on June 30, 2025. The company will begin the search for a new Chief Financial Officer, which may impact its financial leadership and strategic direction.

Glen Burnie Bancorp Holds Annual Stockholders Meeting

On May 8, 2025, Glen Burnie Bancorp held its Annual Meeting of Stockholders, where key decisions were made regarding the company’s governance and executive compensation. The meeting saw the election of four directors, approval of an independent auditing firm for the fiscal year ending December 31, 2025, and a non-binding resolution on executive compensation. Additionally, it was decided that advisory votes on executive compensation would occur every three years.