Insider Buying: Glen Burnie Bancorp (NASDAQ:GLBZ) CEO Buys 3,000 Shares of Stock

Glen Burnie Bancorp (NASDAQ:GLBZ) CEO Mark Christopher Hanna bought 3,000 shares of the stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $5.00 per share, with a total value of $15,000.00. Following the purchase, the chief executive officer now owns 10,841 shares of the company’s stock, valued at approximately $54,205. This represents a 38.26 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Glen Burnie Bancorp Trading Up 1.7 %

GLBZ opened at $5.08 on Friday. The company has a market cap of $14.72 million, a P/E ratio of -126.88 and a beta of 0.63. The company’s 50 day moving average is $5.22 and its 200-day moving average is $5.48. Glen Burnie Bancorp has a 1-year low of $3.37 and a 1-year high of $6.99.

Glen Burnie Bancorp (NASDAQ:GLBZ) last issued its earnings results on Thursday, February 6th. The financial services provider reported ($0.01) earnings per share for the quarter. Glen Burnie Bancorp had a negative net margin of 0.68% and a negative return on equity of 0.59%.

Institutional Investors Weigh In On Glen Burnie Bancorp

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. JPMorgan Chase & Co. purchased a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,000 shares of the financial services provider’s stock, valued at approximately $28,000. JPMorgan Chase & Co. owned approximately 0.17% of Glen Burnie Bancorp at the end of the most recent quarter. Institutional investors and hedge funds own 9.78% of the company’s stock.

About Glen Burnie Bancorp

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.