Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Glen Burnie Bancorp (NASDAQ:GLBZ) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.60 and traded as low as $4.50. Glen Burnie Bancorp shares last traded at $4.50, with a volume of 8,100 shares trading hands.

Glen Burnie Bancorp Stock Performance

The firm’s fifty day simple moving average is $4.71 and its 200 day simple moving average is $4.60. The firm has a market cap of $13.21 million, a P/E ratio of 450.45 and a beta of 0.16.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Glen Burnie Bancorp stock. Raymond James Financial Inc. bought a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission. 9.78% of the stock is currently owned by hedge funds and other institutional investors.

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.