Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Price Passes Below Two Hundred Day Moving Average of $6.02

Shares of Glen Burnie Bancorp (NASDAQ:GLBZ) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.02 and traded as low as $5.30. Glen Burnie Bancorp shares last traded at $5.48, with a volume of 2,683 shares.

Glen Burnie Bancorp Stock Up 3.4 %

The company has a market capitalization of $15.84 million, a P/E ratio of 10.96 and a beta of 0.65. The business has a fifty day moving average price of $6.22 and a 200 day moving average price of $6.02.

Glen Burnie Bancorp (NASDAQ:GLBZ) last issued its quarterly earnings results on Friday, February 16th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $3.19 million for the quarter. Glen Burnie Bancorp had a net margin of 9.90% and a return on equity of 8.41%.

Glen Burnie Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Monday, January 22nd were paid a $0.10 dividend. The ex-dividend date was Friday, January 19th. This represents a $0.40 annualized dividend and a yield of 7.30%. Glen Burnie Bancorp’s dividend payout ratio is 80.00%.

Hedge Funds Weigh In On Glen Burnie Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Glen Burnie Bancorp by 22.4% in the fourth quarter. Vanguard Group Inc. now owns 12,750 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 2,336 shares during the period. Private Advisor Group LLC acquired a new stake in Glen Burnie Bancorp in the 4th quarter worth about $80,000. LPL Financial LLC boosted its holdings in Glen Burnie Bancorp by 14.2% in the 3rd quarter. LPL Financial LLC now owns 70,050 shares of the financial services provider’s stock valued at $446,000 after purchasing an additional 8,700 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Glen Burnie Bancorp by 52.5% during the 2nd quarter. Alliancebernstein L.P. now owns 30,500 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 10,495 shares in the last quarter. 9.78% of the stock is currently owned by institutional investors and hedge funds.

Glen Burnie Bancorp Company 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.