JPMorgan Chase & Co. Invests $28,000 in Glen Burnie Bancorp (NASDAQ:GLBZ)

JPMorgan Chase & Co. bought a new position in shares of Glen Burnie Bancorp (NASDAQ:GLBZ) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 5,000 shares of the financial services provider’s stock, valued at approximately $28,000.

Glen Burnie Bancorp Stock Up 0.6 %

Shares of GLBZ opened at $4.70 on Wednesday. The company has a market capitalization of $13.63 million, a price-to-earnings ratio of 156.72 and a beta of 0.60. Glen Burnie Bancorp has a 52-week low of $3.37 and a 52-week high of $6.99. The stock has a 50 day moving average price of $5.70 and a 200 day moving average price of $5.45.

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.