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

Glen Burnie Bancorp (NASDAQ:GLBZ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 Price Performance

The company has a market cap of $17.36 million, a P/E ratio of 15.94 and a beta of 0.63. The stock has a 50-day moving average of $4.95 and a 200 day moving average of $4.92.

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

Glen Burnie Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 5th. Stockholders of record on Monday, July 22nd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date of this dividend was Monday, July 22nd. Glen Burnie Bancorp’s payout ratio is 114.29%.

Institutional Trading of Glen Burnie Bancorp

A hedge fund recently bought a new stake in Glen Burnie Bancorp stock. Private Advisor Group LLC acquired a new position in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period. 9.78% of the stock is currently owned by 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.