Glen Burnie Bancorp (NASDAQ:GLBZ) Share Price Passes Above 200-Day Moving Average of $4.92

Glen Burnie Bancorp (NASDAQ:GLBZ) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.92 and traded as high as $5.45. Glen Burnie Bancorp shares last traded at $5.43, with a volume of 3,686 shares traded.

Glen Burnie Bancorp Stock Performance

The company has a market capitalization of $15.71 million, a PE ratio of 15.51 and a beta of 0.63. The company’s 50-day moving average is $4.91 and its 200 day moving average is $4.92.

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

Glen Burnie Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Monday, July 22nd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date was Monday, July 22nd. Glen Burnie Bancorp’s payout ratio is 114.29%.

Hedge Funds Weigh In On Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. Private Advisor Group LLC acquired a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 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.

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.