Embassy Bancorp CEO Purchases Over $7.7k in Shares

David M. Lobach Jr., the Chairman, President, and CEO of Embassy Bancorp, Inc., recently demonstrated his confidence in the company by purchasing additional shares of its common stock. On September 17 and 18, he acquired 500 shares at prices between $15.49 and $15.52, amounting to over $7,751.

These acquisitions, reported in a filing with the Securities and Exchange Commission, detailed that on the first day, Lobach bought 300 shares at $15.49 each, and on the subsequent day, he purchased 200 shares at $15.52 each. This increased his indirect ownership through accounts linked to his spouse’s IRA and his own IRA.

Post-purchase, Lobach’s indirect holdings in Embassy Bancorp saw a notable increase. The filing revealed that his spouse’s IRA now holds 53,300 shares, while his IRA holds 123,250 shares. Additionally, there are holdings of 882.151 shares in a custodial account for a grandchild, along with direct ownership of 350,325.907 shares.

Insider buying is often scrutinized by investors, as it can indicate executives’ confidence in the company’s future. Lobach’s recent share purchases reflect his belief in the bank’s value and growth potential.

Headquartered in Bethlehem, Pennsylvania, Embassy Bancorp operates as a state commercial bank, offering various banking services to both individual and corporate clients in the region.

The transactions took place under a power of attorney dated January 19, 2018, which allows designated individuals to act on Lobach’s behalf regarding securities transactions.

These insider transactions are of interest to both current and prospective shareholders, providing insights into the decisions made by the company’s leadership regarding its stock.

In terms of financial performance, Embassy Bancorp has exhibited a combination of stability and growth, which might attract investor interest. The company has a market capitalization of approximately $118.45 million, with a price-to-earnings (P/E) ratio of 10.44, slightly adjusting to 10.95 for the last twelve months by Q2 2024. This valuation suggests that the stock may be reasonably priced relative to its earnings.

A notable point for investors is the company’s consistent dividend history, having raised its dividend for 13 consecutive years. The current dividend yield stands at 2.7%, complemented by a 5.0% increase in dividend payouts over the last twelve months leading up to Q2 2024. This track record could make Embassy Bancorp an appealing option for those looking for income-generating investments.

On the performance side, Embassy Bancorp has seen a robust return of 18.23% over the past three months, which reflects well on the company’s short-term strength and may attract growth-focused investors. The stock is currently trading near its 52-week high, indicative of positive market sentiment.

For further insights and comprehensive investment analysis of Embassy Bancorp, additional resources are available for interested investors.

This article was generated with the support of AI and reviewed by an editor.