Glen Burnie Bancorp (NASDAQ:GLBZ) Share Price Passes Above 200 Day Moving Average of $6.47

Glen Burnie Bancorp (NASDAQ:GLBZGet Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.47 and traded as high as $7.02. Glen Burnie Bancorp shares last traded at $7.02, with a volume of 372 shares.

Glen Burnie Bancorp Price Performance

The stock has a market capitalization of $20.22 million, a P/E ratio of 9.62 and a beta of 0.70. The firm has a 50 day moving average of $6.15 and a 200-day moving average of $6.47.

Glen Burnie Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Monday, January 22nd were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 19th. This represents a $0.40 annualized dividend and a dividend yield of 5.70%. Glen Burnie Bancorp’s dividend payout ratio is currently 54.79%.

Institutional Investors Weigh In On Glen Burnie Bancorp

Several large investors have recently modified their holdings of GLBZ. LPL Financial LLC bought a new stake in shares of Glen Burnie Bancorp in the 4th quarter valued at approximately $80,000. Alliancebernstein L.P. boosted its holdings in shares of Glen Burnie Bancorp by 52.5% in the 2nd quarter. Alliancebernstein L.P. now owns 30,500 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 10,495 shares in the last quarter. Vanguard Group Inc. acquired a new position in shares of Glen Burnie Bancorp in the 3rd quarter worth approximately $66,000. Finally, Private Advisor Group LLC acquired a new position in shares of Glen Burnie Bancorp in the 4th quarter worth approximately $80,000. 4.62% of the stock is currently owned by institutional investors.

About Glen Burnie Bancorp

(Get Free Report)

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.

Further Reading

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