Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Glen Burnie Bancorp (NASDAQ:GLBZ)’s stock price passed 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 trading hands.

Glen Burnie Bancorp Stock Down 1.2%

The company has a 50-day moving average price of $4.34 and a two-hundred day moving average price of $4.43. The stock has a market capitalization of $13.92 million, a P/E ratio of 480.48 and a beta of 0.20.

Institutional Investors Weigh In On Glen Burnie Bancorp

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. Raymond James Financial Inc. purchased a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 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 at the end of the most recent reporting period. 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.