Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Passes Above 200-Day Moving Average – Should You Sell?

Glen Burnie Bancorp (NASDAQ:GLBZ) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.41 and traded as high as $4.5970. Glen Burnie Bancorp shares last traded at $4.55, with a volume of 10,470 shares trading hands.

Glen Burnie Bancorp Price Performance

The company has a market capitalization of $13.20 million, a P/E ratio of 455.46 and a beta of 0.20. The company has a fifty day simple moving average of $4.37 and a two-hundred day simple moving average of $4.41.

Hedge Funds Weigh In On Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. Raymond James Financial Inc. bought a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,514 shares of the financial services provider’s stock, valued at approximately $58,000. Raymond James Financial Inc. owned 0.40% of Glen Burnie Bancorp as of its most recent SEC filing. 9.78% of the stock is currently owned by 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.