Insider Buying: Glen Burnie Bancorp (NASDAQ:GLBZ) CEO Acquires 2,001 Shares of Stock

Glen Burnie Bancorp (NASDAQ:GLBZ) CEO Mark Christopher Hanna bought 2,001 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were bought at an average cost of $5.08 per share, with a total value of $10,165.08. Following the transaction, the chief executive officer now directly owns 13,570 shares of the company’s stock, valued at approximately $68,935.60. This trade represents a 17.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mark Christopher Hanna also recently made the following trade(s):

• On Thursday, March 6th, Mark Christopher Hanna acquired 3,000 shares of Glen Burnie Bancorp stock. The stock was acquired at an average cost of $5.00 per share, with a total value of $15,000.00.

Glen Burnie Bancorp Trading Down 0.2%

GLBZ opened at $4.99 on Friday. Glen Burnie Bancorp has a 1-year low of $3.37 and a 1-year high of $6.99. The stock has a market capitalization of $14.48 million, a price-to-earnings ratio of -124.75 and a beta of 0.29. The business has a 50 day moving average of $5.14 and a 200-day moving average of $5.35.

Glen Burnie Bancorp (NASDAQ:GLBZ) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.05 earnings per share for the quarter. Glen Burnie Bancorp had a negative return on equity of 0.59% and a negative net margin of 0.68%. The company had revenue of $2.77 million during the quarter.

Institutional Investors Weigh In On Glen Burnie Bancorp

An institutional investor recently bought a new position in Glen Burnie Bancorp stock. JPMorgan Chase & Co. acquired a new stake in Glen Burnie Bancorp (NASDAQ:GLBZ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the financial services provider’s stock, valued at approximately $28,000. JPMorgan Chase & Co. owned 0.17% of Glen Burnie Bancorp at the end of the most recent quarter. Hedge funds and other institutional investors own 9.78% of the company’s stock.

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.