Insider Buying: Glen Burnie Bancorp (NASDAQ:GLBZ) CEO Acquires 3,700 Shares of Stock

Glen Burnie Bancorp (NASDAQ:GLBZ) CEO Mark Christopher Hanna purchased 3,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $5.90 per share, for a total transaction of $21,830.00. Following the purchase, the chief executive officer now owns 7,841 shares in the company, valued at $46,261.90. This represents a 89.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Glen Burnie Bancorp Trading Up 0.3 %

Shares of NASDAQ GLBZ traded up $0.02 during midday trading on Monday, reaching $6.02. The company’s stock had a trading volume of 22,110 shares, compared to its average volume of 7,394. The stock has a 50 day simple moving average of $5.64 and a 200-day simple moving average of $4.97. The stock has a market capitalization of $17.46 million, a price-to-earnings ratio of 200.07 and a beta of 0.62. Glen Burnie Bancorp has a fifty-two week low of $3.37 and a fifty-two week high of $7.16.

Glen Burnie Bancorp (NASDAQ:GLBZ) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $3.18 million during the quarter. Glen Burnie Bancorp had a return on equity of 0.50% and a net margin of 0.60%.

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.