Glen Burnie Bancorp (NASDAQ:GLBZ) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Glen Burnie Bancorp (NASDAQ:GLBZ) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Glen Burnie Bancorp Stock Performance

The firm’s fifty day simple moving average is $4.77 and its 200 day simple moving average is $4.58. The firm has a market cap of $13.53 million, a P/E ratio of 461.34 and a beta of 0.16.

Institutional Trading of Glen Burnie Bancorp

An institutional investor recently raised its position in Glen Burnie Bancorp stock. Raymond James Financial Inc. raised its position in Glen Burnie Bancorp (NASDAQ:GLBZ) by 47.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,014 shares of the financial services provider’s stock after purchasing an additional 5,500 shares during the quarter. Raymond James Financial Inc. owned 0.59% of Glen Burnie Bancorp worth $79,000 as of its most recent SEC filing. 9.78% of the stock is owned by hedge funds and other institutional investors.

Glen Burnie Bancorp Company Profile

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.