Glen Burnie Bancorp (NASDAQ:GLBZ) CEO Purchases $10,165.08 in Stock

Glen Burnie Bancorp (NASDAQ:GLBZ) CEO Mark Christopher Hanna purchased 2,001 shares of the business’s stock in a transaction dated Tuesday, May 20th. The shares were purchased at an average price of $5.08 per share, for a total transaction of $10,165.08. Following the acquisition, the chief executive officer now owns 13,570 shares of the company’s stock, valued at approximately $68,935.60. The trade was a 17.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mark Christopher Hanna also recently made the following trade(s):

• On Thursday, March 6th, Mark Christopher Hanna purchased 3,000 shares of Glen Burnie Bancorp stock. The shares were purchased at an average price of $5.00 per share, for a total transaction of $15,000.00.

Glen Burnie Bancorp Trading Up 2.4%

Shares of GLBZ stock opened at $5.01 on Friday. Glen Burnie Bancorp has a 12-month low of $3.37 and a 12-month high of $6.99. The firm’s 50 day moving average is $5.14 and its 200 day moving average is $5.36. The stock has a market capitalization of $14.52 million, a P/E ratio of -125.15 and a beta of 0.29.

Glen Burnie Bancorp (NASDAQ:GLBZ) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter. Glen Burnie Bancorp had a negative net margin of 0.68% and a negative return on equity of 0.59%. The company had revenue of $2.77 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. JPMorgan Chase & Co. purchased a new position in Glen Burnie Bancorp (NASDAQ:GLBZ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,000 shares of the financial services provider’s stock, valued at approximately $28,000. JPMorgan Chase & Co. owned 0.17% of Glen Burnie Bancorp at the end of the most recent quarter. Hedge funds and other institutional investors own 9.78% of the company’s stock.

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.