Embassy Bancorp, Inc. (OTCBB:EMYB) director Bernard M. Lesavoy has recently increased his stake in the company by purchasing shares valued at $23,808. The transaction, which took place on August 20, 2024, involved the acquisition of 1,600 shares at a price of $14.88 each.
This purchase reflects a vote of confidence from Lesavoy in the financial institution, which operates within the state commercial banks sector. Following this transaction, Lesavoy's total direct and indirect ownership in Embassy Bancorp includes a variety of holdings, some of which are held in trust for family members and others through investment vehicles.
Notably, Lesavoy's ownership includes shares acquired through a dividend reinvestment plan, which contributes to the total shares owned following the transaction. These holdings underscore the director's long-term investment in the company and suggest a continued commitment to its growth and performance.
Investors often monitor insider transactions such as these for insights into how the company's executives and directors view the stock's value and prospects. Lesavoy's recent purchase might be interpreted by the market as a positive signal regarding the future of Embassy Bancorp.
The transaction was executed with precision and has been duly reported, indicating proper compliance with regulatory requirements. As of the latest filing, Bernard M. Lesavoy's updated stake in Embassy Bancorp is a testament to his belief in the company's value and potential.
InvestingPro Insights
Embassy Bancorp, Inc. (OTCBB:EMYB) has recently seen noteworthy insider activity, with director Bernard M. Lesavoy increasing his stake in the company. This move aligns with a broader financial narrative, as reflected in the company's performance data and InvestingPro Tips.
With a stable market capitalization of $113.5 million, Embassy Bancorp exhibits a Price-to-Earnings (P/E) ratio of 10.44, suggesting that the stock may be reasonably valued in relation to its earnings. The company's commitment to shareholder returns is evident, as it has not only maintained but also raised its dividend for 13 consecutive years, boasting a current dividend yield of 2.82%. This dedication to consistent dividend payments is a positive indicator for investors seeking regular income streams from their investments.
InvestingPro Tips highlight that while Embassy Bancorp has a track record of profitability over the last twelve months, it does experience weak gross profit margins. This could be a point of consideration for investors as it may impact the company's ability to sustain its earnings over the long term. Nonetheless, the company's operating income margin stands strong at 37.84%, showcasing efficient management and operational effectiveness.
For investors seeking further insights, there are additional InvestingPro Tips available for Embassy Bancorp at InvestingPro, which delve deeper into the company's financial health and future prospects.
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