Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Glen Burnie Bancorp (NASDAQ:GLBZ) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.59 and traded as low as $4.50. Glen Burnie Bancorp shares last traded at $4.50, with a volume of 7,537 shares traded.

Glen Burnie Bancorp Trading Down 0.4%

The firm has a market cap of $13.21 million, a price-to-earnings ratio of 450.45 and a beta of 0.16. The company has a 50 day moving average of $4.75 and a 200 day moving average of $4.59.

Hedge Funds Weigh In On Glen Burnie Bancorp

A hedge fund recently bought a new position in Glen Burnie Bancorp stock. Raymond James Financial Inc. purchased a new stake in Glen Burnie Bancorp (NASDAQ:GLBZ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 owned by institutional investors and hedge funds.

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.