Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Glen Burnie Bancorp (NASDAQ:GLBZ)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.53 and traded as high as $4.79. Glen Burnie Bancorp shares last traded at $4.70, with a volume of 3,846 shares changing hands.

Glen Burnie Bancorp Stock Performance

The company has a market cap of $13.72 million, a PE ratio of 470.47 and a beta of 0.17. The business’s 50-day moving average is $4.65 and its 200 day moving average is $4.53.

Institutional Investors Weigh In On Glen Burnie Bancorp

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. Raymond James Financial Inc. bought a new position in Glen Burnie Bancorp (NASDAQ:GLBZ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,514 shares of the financial services provider’s stock, valued at approximately $58,000. Raymond James Financial Inc. owned approximately 0.40% of Glen Burnie Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC). 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.