Regulatory Insider Filing: Norman Harrison, director of Glen Burnie Bancorp (NASDAQ:GLBZ) Just Acquired Shares

November 25, 2016 - By Ruchi Gupta

Regulatory Insider Filing: Norman Harrison, director of Glen Burnie Bancorp (NASDAQ:GLBZ) Just Acquired Shares

Norman Harrison Insider Buy

Company insider, Norman Harrison, director of Glen Burnie Bancorp purchased a total of 300 shares of the company, calculated based on $10.4 a share. Mr. Norman at the moment possess 3,415 shares, accounting for 0.12% of the Company’s market cap.

Insitutional Activity: The institutional sentiment decreased to 0.75 in Q2 2016. Its down 0.25, from 1 in 2016Q1. The ratio fall, as 0 funds sold all Glen Burnie Bancorp shares owned while 4 reduced positions. 1 funds bought stakes while 3 increased positions. They now own 634,090 shares or 1.52% less from 643,861 shares in 2016Q1.

Moreover, Wells Fargo & Mn has 0% invested in Glen Burnie Bancorp (NASDAQ:GLBZ) for 1 shares. Court Place Advisors Ltd Com accumulated 0.1% or 16,692 shares. Bancshares Of America De holds 0% of its portfolio in Glen Burnie Bancorp (NASDAQ:GLBZ) for 3,124 shares. Castine Capital Mgmt Lc holds 0.53% of its portfolio in Glen Burnie Bancorp (NASDAQ:GLBZ) for 103,619 shares. Pnc Finance Grp Incorporated Inc owns 1,728 shares or 0% of their US portfolio. Tower Research Cap Lc (Trc) holds 0% of its portfolio in Glen Burnie Bancorp (NASDAQ:GLBZ) for 303 shares. Banc Funds Ltd Com accumulated 70,849 shares or 0.04% of the stock. Wellington Mngmt Gp Limited Liability Partnership owns 245,258 shares or 0% of their US portfolio. Morgan Stanley has 1,200 shares for 0% of their US portfolio. Geode Cap Management Ltd Llc last reported 18,661 shares in the company. Blackrock Fund has invested 0% of its portfolio in Glen Burnie Bancorp (NASDAQ:GLBZ). Hutchin Hill Cap L P accumulated 56,914 shares or 0.02% of the stock. Alliancebernstein Limited Partnership has 115,200 shares for 0% of their US portfolio.

Insider Transactions: Since May 27, 2016, the stock had 2 insider purchases, and 0 insider sales for $26,392 net activity. Maddox Edward L bought $1,728 worth of Glen Burnie Bancorp (NASDAQ:GLBZ) on Friday, May 27. $20,356 worth of Glen Burnie Bancorp (NASDAQ:GLBZ) was bought by Long John D.

Glen Burnie Bancorp (NASDAQ:GLBZ) has declined 3.27% since April 22, 2016 and is downtrending. It has underperformed by 8.68% the S&P500.

Glen Burnie Bancorp is the bank holding firm for The Bank of Glen Burnie , a commercial bank. The company has a market cap of $30.41 million. The Bank is engaged in the commercial and retail banking business, including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships and firms. It has a 25.59 P/E ratio. The Company’s real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans.

According to Zacks Investment Research, “Glen Burnie Bancorp is a bank holding company that wholly owns The Bank of Glen Burnie, a commercial bank serving northern Anne Arundel County and surrounding areas. The bank is engaged in the commercial and retail banking business, including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships and corporations. The bank’s real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans.”

Analysts await Glen Burnie Bancorp (NASDAQ:GLBZ) to report earnings on February, 23.

More notable recent Glen Burnie Bancorp (NASDAQ:GLBZ) news were published by: Reuters.com which released: “BRIEF-Glen Burnie Bancorp says Q3 earnings per share $0.04” on October 26, 2016, also Globenewswire.com with their article: “Glen Burnie Bancorp Releases 2Q 2016 Earnings” published on July 25, 2016, Streetinsider.com published: “Form 4 GLEN BURNIE BANCORP For: Nov 23 Filed by: Harrison Norman E JR” on November 25, 2016. More interesting news about Glen Burnie Bancorp (NASDAQ:GLBZ) were released by: Baltimoresun.com and their article: “Glen Burnie Bancorp earnings fall 98 percent” published on November 11, 2015 as well as Globenewswire.com‘s news article titled: “Glen Burnie Bancorp Declares 3Q 2016 Dividend” with publication date: October 13, 2016.

GLBZ Company Profile

Glen Burnie Bancorp, incorporated on December 20, 1990, is the bank holding firm for The Bank of Glen Burnie (the Bank), a commercial bank. The Bank is engaged in the commercial and retail banking business, including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships and firms. The Bank’s real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans. The Company’s commercial lending consists of both secured and unsecured loans. The Bank also originates automobile loans through arrangements with local automobile dealers. The Bank also maintains an automated teller machine (ATM) location in Pasadena.

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