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

Shares of Glen Burnie Bancorp (NASDAQ:GLBZ) 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.

Glen Burnie Bancorp Trading Up 1.1%

The stock’s fifty day moving average price is $4.37 and its 200 day moving average price is $4.41. The stock has a market cap of $13.29 million, a P/E ratio of 455.46 and a beta of 0.20.

Hedge Funds Weigh In On Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. Raymond James Financial Inc. acquired a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,514 shares of the financial services provider’s stock, valued at approximately $58,000. Raymond James Financial Inc. owned about 0.40% of Glen Burnie Bancorp at the end of the most recent quarter. 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.