Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Glen Burnie Bancorp (NASDAQ:GLBZ) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.43 and traded as high as $5.00. Glen Burnie Bancorp shares last traded at $4.86, with a volume of 9,335 shares traded.

Glen Burnie Bancorp Stock Performance

The stock has a market capitalization of $13.92 million, a price-to-earnings ratio of 480.48 and a beta of 0.20. The business has a 50-day moving average of $4.34 and a 200-day moving average of $4.43.

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) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 SEC filing. Institutional investors own 9.78% of the company’s stock.

About Glen Burnie Bancorp

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.