Embassy Bancorp, Inc. (OTCMKTS:EMYB) Chairman, President, and CEO David M. Lobach Jr. has recently purchased additional shares of the company's stock, according to a new SEC filing. The transaction, which took place on September 9, 2024, involved the acquisition of 200 shares at a price of $15.49 per share, totaling $3,098.
Investors tracking insider transactions may find this purchase noteworthy as it reflects Lobach's ongoing investment in the bank he leads. Following this transaction, Lobach now directly and indirectly holds a substantial number of Embassy Bancorp shares, indicating his continued confidence in the company's future prospects.
Embassy Bancorp, headquartered in Bethlehem, Pennsylvania, operates as a state commercial bank, providing various banking products and services. The recent acquisition by Lobach is part of the regular financial disclosures made by company executives, offering transparency into the trading activities of the bank's insiders.
The filing also included information about Lobach's current holdings, which are held directly and indirectly through vehicles such as an IRA, a spouse's IRA, and a grandchild's trust. The total number of shares owned by Lobach and related parties, following the reported transactions, showcases a significant investment in the company's equity.
Investors often look to such insider transactions as a signal of executive belief in the company's valuation and outlook. Lobach's role as both an executive and a director places him in a position to align his interests closely with those of the shareholders.
For those interested in Embassy Bancorp's stock performance and insider transactions, the company trades under the ticker symbol OTCMKTS:EMYB. The recent filing provides a glimpse into the actions of one of its top executives, potentially offering insights into the bank's internal perspective on its stock's value.
InvestingPro Insights
Embassy Bancorp, Inc. (OTCMKTS:EMYB) has shown a strong commitment to returning value to its shareholders, which is evident from the company's track record of raising its dividend for 13 consecutive years. This dedication to consistent dividend growth is a positive sign for investors looking for stable income streams. Moreover, the company's dividend yield as of late June 2024 stands at a notable 2.71%, with a dividend growth of 5.0% in the last twelve months as of Q2 2024, showcasing its ability to maintain and increase shareholder value over time.
Investors should also note that Embassy Bancorp's stock has been performing robustly, with a significant 20.71% total return over the last three months and an 8.8% year-to-date price total return. This strong performance is further highlighted by the fact that the stock is trading near its 52-week high, indicating a bullish sentiment among investors.
When analyzing the company's fundamentals, the P/E ratio as of Q2 2024 stands at a reasonable 10.88, which may appeal to value-oriented investors. Additionally, the company has managed to maintain a healthy operating income margin of 37.84% in the last twelve months as of Q2 2024, despite challenges such as weak gross profit margins.
For those interested in a deeper dive into Embassy Bancorp's financial health and investment potential, InvestingPro offers additional tips and metrics. Currently, there are more tips available on InvestingPro that can provide investors with a comprehensive understanding of the company's financial position and market performance. These insights can be accessed by visiting the dedicated page for Embassy Bancorp at https://www.investing.com/pro/EMYB.
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