Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Glen Burnie Bancorp (NASDAQ:GLBZ) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.42 and traded as high as $5.60. Glen Burnie Bancorp shares last traded at $5.59, with a volume of 2,330 shares trading hands.

Glen Burnie Bancorp Price Performance

The stock’s 50 day simple moving average is $5.85 and its two-hundred day simple moving average is $5.43. The stock has a market capitalization of $16.21 million, a PE ratio of 186.40 and a beta of 0.61.

Glen Burnie Bancorp (NASDAQ:GLBZ) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. Glen Burnie Bancorp had a net margin of 0.60% and a return on equity of 0.50%. The company had revenue of $3.18 million for the quarter.

Institutional Trading of Glen Burnie Bancorp

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. JPMorgan Chase & Co. bought a new position in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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.