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

Glen Burnie Bancorp (NASDAQ:GLBZ)’s share price crossed 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 traded.

Glen Burnie Bancorp Price Performance

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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. JPMorgan Chase & Co. bought a new stake in Glen Burnie Bancorp (NASDAQ:GLBZ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,000 shares of the financial services provider’s stock, valued at approximately $28,000. JPMorgan Chase & Co. owned about 0.17% of Glen Burnie Bancorp as of its most recent SEC filing. 9.78% of the stock is owned by institutional investors.

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.