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

Shares of Glen Burnie Bancorp (NASDAQ:GLBZ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.58 and traded as high as $4.64. Glen Burnie Bancorp shares last traded at $4.64, with a volume of 600 shares.

Glen Burnie Bancorp Stock Performance

The stock has a market capitalization of $13.62 million, a price-to-earnings ratio of 464.46 and a beta of 0.16. The firm’s fifty day simple moving average is $4.78 and its 200 day simple moving average is $4.58.

Hedge Funds Weigh In On Glen Burnie Bancorp

A hedge fund recently raised its stake in Glen Burnie Bancorp stock. Alliancebernstein L.P. raised its holdings in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) by 4.8% in the 3rd quarter, according to 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 quarter. Alliancebernstein L.P. owned approximately 7.18% of Glen Burnie Bancorp worth $969,000 at the end of the most recent reporting period. Institutional investors own 9.78% of the company’s stock.

About Glen Burnie Bancorp

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.