Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Glen Burnie Bancorp (NASDAQ:GLBZ)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.48 and traded as high as $4.7459. Glen Burnie Bancorp shares last traded at $4.6802, with a volume of 1,200 shares traded.

Glen Burnie Bancorp Stock Performance

The stock has a market capitalization of $13.67 million, a PE ratio of 468.49 and a beta of 0.18. The firm’s 50 day moving average is $4.54 and its two-hundred day moving average is $4.48.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. Raymond James Financial Inc. acquired a new stake in Glen Burnie Bancorp (NASDAQ:GLBZ) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,514 shares of the financial services provider’s stock, valued at approximately $58,000. Raymond James Financial Inc. owned about 0.40% of Glen Burnie Bancorp at the end of the most recent quarter. Institutional investors own 9.78% of the company’s stock.

Glen Burnie Bancorp Company Profile

Glen Burnie Bancorp, Inc is a bank holding company headquartered in Glen Burnie, Maryland. Established in 2003, the company conducts its banking operations through its wholly owned subsidiary, South River Bank, offering community banking services to individuals and businesses throughout the Baltimore–Washington metropolitan area.

South River Bank provides a comprehensive range of financial products and services, including checking and savings accounts, certificates of deposit, money market accounts, and consumer lending solutions such as residential mortgages and home equity lines of credit.