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

Glen Burnie Bancorp (NASDAQ:GLBZ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.55 and traded as high as $5.24. Glen Burnie Bancorp shares last traded at $5.1894, with a volume of 8,873 shares traded.

Glen Burnie Bancorp Stock Performance

The company’s 50-day moving average is $4.74 and its 200-day moving average is $4.55. The firm has a market cap of $15.23 million, a price-to-earnings ratio of 519.46 and a beta of 0.17.

Institutional Trading of Glen Burnie Bancorp

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. Raymond James Financial Inc. purchased a new stake in Glen Burnie Bancorp (NASDAQ:GLBZ) during the second quarter, according to its most recent filing with the SEC. The firm 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 reporting period. 9.78% of the stock is currently owned by hedge funds and other institutional investors.

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.