Glen Burnie Bancorp (NASDAQ:GLBZ) CEO Mark Christopher Hanna Acquires 3,700 Shares

Glen Burnie Bancorp (NASDAQ:GLBZ) CEO Mark Christopher Hanna purchased 3,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of $5.90 per share, for a total transaction of $21,830.00. Following the transaction, the chief executive officer now directly owns 7,841 shares of the company’s stock, valued at $46,261.90. This trade represents a 89.35 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Glen Burnie Bancorp Stock Up 0.3 %

Shares of GLBZ stock traded up $0.02 during trading hours on Monday, reaching $6.02. The company’s stock had a trading volume of 22,110 shares, compared to its average volume of 7,394. Glen Burnie Bancorp has a fifty-two week low of $3.37 and a fifty-two week high of $7.16. The firm’s 50 day simple moving average is $5.64 and its 200-day simple moving average is $4.97. The company has a market capitalization of $17.46 million, a price-to-earnings ratio of 200.07 and a beta of 0.62.

Glen Burnie Bancorp (NASDAQ:GLBZ) last issued its earnings results on Thursday, October 31st. The financial services provider reported $0.04 earnings per share for the quarter. The firm had revenue of $3.18 million for the quarter. Glen Burnie Bancorp had a net margin of 0.60% and a return on equity of 0.50%.

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.