Glen Burnie Bancorp (NASDAQ:GLBZ) CEO Buys $15,000.00 in Stock

Glen Burnie Bancorp (NASDAQ:GLBZ) CEO Mark Christopher Hanna acquired 3,000 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $5.00 per share, with a total value of $15,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,841 shares of the company’s stock, valued at $54,205. This trade represents a 38.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Glen Burnie Bancorp Price Performance

Shares of GLBZ opened at $5.08 on Monday. Glen Burnie Bancorp has a one year low of $3.37 and a one year high of $6.99. The company has a 50-day simple moving average of $5.22 and a two-hundred day simple moving average of $5.49. The firm has a market capitalization of $14.72 million, a PE ratio of -126.88 and a beta of 0.63.

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

Hedge Funds Weigh In On Glen Burnie Bancorp

A hedge fund recently raised its stake in Glen Burnie Bancorp stock. Alliancebernstein L.P. grew its holdings in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) by 38.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 142,040 shares of the financial services provider’s stock after purchasing an additional 39,487 shares during the period. Alliancebernstein L.P. owned approximately 4.90% of Glen Burnie Bancorp worth $827,000 as of its most recent SEC filing. 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.