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

Glen Burnie Bancorp (NASDAQ:GLBZ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Glen Burnie Bancorp Stock Performance

The business has a 50-day moving average price of $4.33 and a 200 day moving average price of $4.43. The stock has a market capitalization of $14.10 million, a P/E ratio of 486.49 and a beta of 0.20.

Institutional Investors Weigh In On Glen Burnie Bancorp

An institutional investor recently raised its position in Glen Burnie Bancorp stock. Alliancebernstein L.P. grew its stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 208,359 shares of the financial services provider’s stock after acquiring an additional 9,501 shares during the quarter. 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 institutional investors.

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.