Glen Burnie Bancorp (NASDAQ:GLBZ) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

by · The Cerbat Gem

Glen Burnie Bancorp (NASDAQ:GLBZ – Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.59 and traded as low as $3.99. Glen Burnie Bancorp shares last traded at $4.20, with a volume of 32,515 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Glen Burnie Bancorp in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Glen Burnie Bancorp has an average rating of “Sell”.

Check Out Our Latest Report on GLBZ

Glen Burnie Bancorp Trading Down 11.7%

The company has a market cap of $10.83 million, a P/E ratio of 371.37 and a beta of 0.21. The company’s fifty day moving average is $4.46 and its 200 day moving average is $4.58.

Glen Burnie Bancorp (NASDAQ:GLBZ – Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The financial services provider reported $0.04 earnings per share for the quarter. Glen Burnie Bancorp had a net margin of 0.16% and a return on equity of 0.14%. The business had revenue of $3.02 million during the quarter.

Hedge Funds Weigh In On Glen Burnie Bancorp

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. Raymond James Financial Inc. acquired a new stake in shares of Glen Burnie Bancorp (NASDAQ:GLBZ – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,514 shares of the financial services provider’s stock, valued at approximately $58,000. Raymond James Financial Inc. owned 0.40% of Glen Burnie Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 9.78% of the company’s stock.

Glen Burnie Bancorp Company Profile

(Get Free Report)

Glen Burnie Bancorp, Inc is a bank holding company headquartered in Glen Burnie, Maryland. Established in 2003, the company conducts its banking operations through its wholly owned subsidiary, South River Bank, offering community banking services to individuals and businesses throughout the Baltimore–Washington metropolitan area.

South River Bank provides a comprehensive range of financial products and services, including checking and savings accounts, certificates of deposit, money market accounts, and consumer lending solutions such as residential mortgages and home equity lines of credit.

Featured Stories