Glen Burnie Bancorp (NASDAQ:GLBZ) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. increased its holdings in Glen Burnie Bancorp (NASDAQ:GLBZ) by 38.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 142,040 shares of the financial services provider’s stock after acquiring an additional 39,487 shares during the quarter. Alliancebernstein L.P. owned approximately 4.90% of Glen Burnie Bancorp worth $827,000 as of its most recent filing with the SEC.

Separately, JPMorgan Chase & Co. acquired a new position in shares of Glen Burnie Bancorp in the 3rd quarter valued at approximately $28,000. 9.78% of the stock is owned by institutional investors and hedge funds.

Glen Burnie Bancorp Trading Up 7.6 %

GLBZ stock opened at $5.21 on Friday. The company has a market capitalization of $15.11 million, a P/E ratio of -130.25 and a beta of 0.41. The firm has a 50 day simple moving average of $5.03 and a 200-day simple moving average of $5.41. Glen Burnie Bancorp has a twelve month low of $3.37 and a twelve month high of $6.99.

Glen Burnie Bancorp (NASDAQ:GLBZ) last issued its earnings results on Thursday, February 6th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. Glen Burnie Bancorp had a negative net margin of 0.68% and a negative return on equity of 0.59%.

Glen Burnie Bancorp Profile

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 offers savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, IRA and SEP accounts, and certificates of deposit.