Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Price Crosses Above 200 Day Moving Average of $6.35

Glen Burnie Bancorp (NASDAQ:GLBZGet Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.35 and traded as high as $6.75. Glen Burnie Bancorp shares last traded at $6.60, with a volume of 1,135 shares changing hands.

Glen Burnie Bancorp Trading Down 3.8 %

The firm’s 50-day moving average is $6.47 and its two-hundred day moving average is $6.33. The stock has a market cap of $18.29 million, a price-to-earnings ratio of 13.20 and a beta of 0.70.

Glen Burnie Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Monday, January 22nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 19th. This represents a $0.40 annualized dividend and a dividend yield of 6.30%. Glen Burnie Bancorp’s dividend payout ratio (DPR) is presently 80.00%.

Institutional Trading of Glen Burnie Bancorp

A number of hedge funds have recently bought and sold shares of the business. LPL Financial LLC boosted its position in shares of Glen Burnie Bancorp by 14.2% during the 3rd quarter. LPL Financial LLC now owns 70,050 shares of the financial services provider’s stock valued at $446,000 after acquiring an additional 8,700 shares during the last quarter. Alliancebernstein L.P. raised its stake in Glen Burnie Bancorp by 52.5% during the second quarter. Alliancebernstein L.P. now owns 30,500 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 10,495 shares during the period. Private Advisor Group LLC acquired a new position in Glen Burnie Bancorp in the 4th quarter valued at about $80,000. Finally, Vanguard Group Inc. grew its stake in shares of Glen Burnie Bancorp by 22.4% in the 4th quarter. Vanguard Group Inc. now owns 12,750 shares of the financial services provider’s stock valued at $76,000 after buying an additional 2,336 shares during the period. Institutional investors and hedge funds own 4.62% of the company’s stock.

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.

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