Glen Burnie Bancorp (NASDAQ:GLBZ) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Glen Burnie Bancorp (NASDAQ:GLBZ) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Trading Up 2.9%

The business has a 50-day simple moving average of $4.69 and a 200 day simple moving average of $4.54. The stock has a market cap of $14.28 million, a P/E ratio of 489.49 and a beta of 0.17.

Institutional Investors Weigh In On Glen Burnie Bancorp

An institutional investor recently raised its position in Glen Burnie Bancorp stock. Alliancebernstein L.P. raised its stake in Glen Burnie Bancorp (NASDAQ:GLBZ) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 208,359 shares of the financial services provider’s stock after buying an additional 9,501 shares during the period. Alliancebernstein L.P. owned about 7.18% of Glen Burnie Bancorp worth $969,000 as of its most recent SEC filing. 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.