Embassy Bancorp CEO acquires shares worth over $7.7k

In a recent move signaling confidence in his company, David M. Lobach Jr., the Chairman, President, and CEO of Embassy Bancorp, Inc. (OTCBB:EMYB), has purchased additional shares of the bank's common stock. The transactions, which took place on September 17 and 18, involved the acquisition of 500 shares at prices ranging from $15.49 to $15.52, totaling over $7,751.

The acquisition was disclosed in a regulatory filing with the Securities and Exchange Commission. According to the filing, on the first day, Lobach purchased 300 shares at $15.49 each, followed by 200 shares the next day at $15.52 per share. These transactions increased his indirect ownership through accounts associated with his spouse's IRA and his own IRA.

Following these purchases, the CEO's indirect holdings in Embassy Bancorp have increased significantly. The filing detailed that Lobach's spouse's IRA now holds 53,300 shares, while his IRA holds 123,250 shares. Additionally, the report included holdings of 882.151 shares in a custodial account for a grandchild and a direct ownership of 350,325.907 shares.

Investors often monitor insider buying as it can be an indicator of executives' confidence in the company's future performance. The recent acquisitions by Lobach are a testament to his belief in the bank's value and potential for growth.

Embassy Bancorp, headquartered in Bethlehem, Pennsylvania, operates as a state commercial bank and provides a range of banking services to individual and corporate customers in the region.

The transactions were executed under a power of attorney dated January 19, 2018, as noted in the accompanying documents to the filing, which authorizes certain individuals to act on Lobach's behalf for securities transactions.

These insider transactions come as a point of interest for current and potential shareholders, providing a glimpse into the actions of the company's top executive and his investment decisions regarding the bank's stock.InvestingPro Insights


Embassy Bancorp, Inc. (OTCBB:EMYB) has demonstrated a blend of stability and growth that may intrigue investors. According to recent data, the company boasts a market capitalization of $118.45 million and a price-to-earnings (P/E) ratio of 10.44, which adjusts slightly higher to 10.95 when considering the last twelve months as of Q2 2024. This valuation metric suggests that the stock may be reasonably priced relative to its earnings.

One of the key InvestingPro Tips for Embassy Bancorp is the company's consistent history of dividend payments, having raised its dividend for 13 consecutive years. This consistency is further underscored by a dividend yield of 2.7% as of the latest data, coupled with a 5.0% growth in dividend payments over the last twelve months leading up to Q2 2024. For investors seeking income-generating stocks, this could be a compelling reason to consider EMYB as part of their portfolio.

On the performance front, Embassy Bancorp has experienced a strong return over the last three months, with a price total return of 18.23%. This performance is a testament to the company's robustness in the short term, which may appeal to growth-oriented investors. Additionally, the bank's stock is trading near its 52-week high, indicating positive market sentiment.

For those interested in further insights, InvestingPro offers additional tips on Embassy Bancorp, which can be explored in greater detail for a more comprehensive investment analysis.

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Source: Investing.com