Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Price Crosses Above 200 Day Moving Average of $4.95

Glen Burnie Bancorp (NASDAQ:GLBZ) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.95 and traded as high as $5.71. Glen Burnie Bancorp shares last traded at $5.44, with a volume of 5,347 shares trading hands.

Glen Burnie Bancorp Stock Performance

The business’s fifty day moving average price is $4.77 and its 200-day moving average price is $4.95. The stock has a market cap of $16.03 million, a PE ratio of 15.83 and a beta of 0.63.

Glen Burnie Bancorp (NASDAQ:GLBZ) last issued its earnings results on Friday, July 26th. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter. Glen Burnie Bancorp had a return on equity of 3.04% and a net margin of 3.41%. The company had revenue of $3.03 million during the quarter.

Glen Burnie Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Monday, July 22nd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 7.22%. The ex-dividend date was Monday, July 22nd. Glen Burnie Bancorp’s payout ratio is currently 114.29%.

Institutional Trading of Glen Burnie Bancorp

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. Private Advisor Group LLC purchased a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,266 shares of the financial services provider’s stock, valued at approximately $80,000. Private Advisor Group LLC owned about 0.46% of Glen Burnie Bancorp as of its most recent SEC filing. 9.78% of the stock is owned by hedge funds and other institutional investors.

About Glen Burnie Bancorp

Glen Burnie Bancorp operates as the bank holding company for The Bank of Glen Burnie that provides commercial and retail banking services to individuals, associations, partnerships, and corporations. The company offers savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, IRA and SEP accounts, and certificates of deposit.