Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Glen Burnie Bancorp (NASDAQ:GLBZ)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.59 and traded as low as $4.50. Glen Burnie Bancorp shares last traded at $4.50, with a volume of 7,537 shares traded.

Glen Burnie Bancorp Stock Performance

The firm has a market cap of $13.21 million, a price-to-earnings ratio of 450.45 and a beta of 0.16. The stock has a 50-day moving average of $4.75 and a 200-day moving average of $4.59.

Institutional Trading of Glen Burnie Bancorp

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. Raymond James Financial Inc. acquired a new position in Glen Burnie Bancorp (NASDAQ:GLBZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,514 shares of the financial services provider’s stock, valued at approximately $58,000. Raymond James Financial Inc. owned approximately 0.40% of Glen Burnie Bancorp as of its most recent SEC filing. 9.78% of the stock is currently owned by institutional investors and hedge funds.

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.