Embassy Bancorp CEO Acquires Shares Worth $2.4K

Embassy Bancorp, Inc. has announced a recent share acquisition by its Chairman, President, and CEO, David M. Lobach Jr. According to a filing, Lobach purchased 150 shares of common stock at a price of $15.79 per share, amounting to a total of approximately $2,368.

The transaction, executed on September 20, 2024, boosts Lobach’s direct holdings in the company, reflecting his continued commitment to Embassy Bancorp. After this purchase, Lobach owns a total of 350,475.907 shares directly. Additionally, his indirect holdings include 53,300 shares in a Spouse IRA and 123,250 shares in an IRA account for a grandchild.

Insider transactions are closely watched by investors as they can offer insights into the executives’ confidence regarding the company’s future. The recent acquisition by the CEO may be perceived positively by the market.

This transaction was reported to the Securities and Exchange Commission on September 24, 2024, under a previously established Power of Attorney dated January 19, 2018.

Embassy Bancorp, located in Bethlehem, Pennsylvania, operates as a state commercial bank, providing various financial services to its community.

### Investing Insights

Embassy Bancorp has recently garnered interest from investors, not only because of insider transactions but also due to several attractive financial metrics. The company’s market capitalization is approximately $120.28 million, indicating a community-focused bank with a possibly tight-knit investor base. An important observation is that Embassy Bancorp has increased its dividend for 13 consecutive years, suggesting a consistent return to shareholders and potential financial stability. As of mid-2024, the bank’s dividend yield stands at 2.66%, which is appealing for those seeking income.

In terms of performance, the bank has shown significant growth over the last three months with a total return of 20.95%. This impressive short-term performance accompanies a P/E ratio of 10.44, suggesting the stock may be relatively valued based on its earnings. It’s also crucial to note that the bank’s shares are approaching their 52-week high, raising the possibility that the stock might be overbought, which is a significant factor for investors assessing entry points or the stock’s future direction.

While the revenue growth has diminished by 16.8% over the past twelve months as of Q2 2024, the bank maintains a solid operating income margin of 37.84%, which bolsters investor confidence in its ability to manage costs effectively.

In summary, the insider purchase by CEO David M. Lobach Jr., alongside the company’s financial health, suggests stability and makes Embassy Bancorp an appealing option for both value and income-focused investors.