Glen Burnie Bancorp (NASDAQ:GLBZ) Shares Pass Above 200 Day Moving Average – What’s Next?

Glen Burnie Bancorp (NASDAQ:GLBZ)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.46 and traded as high as $4.58. Glen Burnie Bancorp shares last traded at $4.58, with a volume of 2,610 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Glen Burnie Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Glen Burnie Bancorp has a consensus rating of “Sell”.

Glen Burnie Bancorp Stock Up 3.4%

The stock has a 50 day simple moving average of $4.32 and a two-hundred day simple moving average of $4.46. The stock has a market capitalization of $13.29 million, a P/E ratio of 458.46 and a beta of 0.20.

Glen Burnie Bancorp (NASDAQ:GLBZ) last announced its quarterly earnings data on Monday, November 3rd. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. Glen Burnie Bancorp had a return on equity of 0.14% and a net margin of 0.16%.The company had revenue of $3.02 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. Raymond James Financial Inc. acquired a new position in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 reporting period. 9.78% of the stock is currently 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.