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

Glen Burnie Bancorp (NASDAQ:GLBZ) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.54 and traded as high as $4.85. Glen Burnie Bancorp shares last traded at $4.75, with a volume of 1,801 shares trading hands.

Glen Burnie Bancorp Stock Performance

The company has a fifty day moving average of $4.69 and a two-hundred day moving average of $4.54. The firm has a market capitalization of $13.87 million, a price-to-earnings ratio of 475.48 and a beta of 0.17.

Hedge Funds Weigh In On Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. Raymond James Financial Inc. purchased a new stake in Glen Burnie Bancorp (NASDAQ:GLBZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,514 shares of the financial services provider’s stock, valued at approximately $58,000. Raymond James Financial Inc. owned 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.