Glen Burnie Bancorp (NASDAQ:GLBZ) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Glen Burnie Bancorp (NASDAQ:GLBZ) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-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 Stock Up 1.1%

The stock’s 50-day moving average is $4.37 and its 200-day moving average is $4.41. The firm has a market cap of $13.20 million, a P/E ratio of 455.46 and a beta of 0.20.

Institutional Investors Weigh In On Glen Burnie Bancorp

An institutional investor recently raised its position in Glen Burnie Bancorp stock. Alliancebernstein L.P. raised its position in Glen Burnie Bancorp (NASDAQ:GLBZ) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,359 shares of the financial services provider’s stock after acquiring an additional 9,501 shares during the period. Alliancebernstein L.P. owned about 7.18% of Glen Burnie Bancorp worth $969,000 as of its most recent SEC filing. 9.78% of the stock is owned by hedge funds and other 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.