Glen Burnie Bancorp (NASDAQ:GLBZ) Shares Pass Below Two Hundred Day Moving Average of $5.60

Glen Burnie Bancorp (NASDAQ:GLBZ)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.60 and traded as low as $3.78. Glen Burnie Bancorp shares last traded at $4.00, with a volume of 3,149 shares changing hands.

Glen Burnie Bancorp Trading Up 5.8 %

The business’s 50-day moving average is $4.63 and its two-hundred day moving average is $5.60. The firm has a market cap of $11.56 million, a P/E ratio of 11.43 and a beta of 0.65.

Glen Burnie Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Monday, April 22nd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date was Friday, April 19th. Glen Burnie Bancorp’s dividend payout ratio is presently 114.29%.

Institutional Investors Weigh In On Glen Burnie Bancorp

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

Glen Burnie Bancorp Company Profile

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.