Embassy Bancorp, Inc. (OTCMKTS:EMYB) CEO David M. Lobach Jr. has recently made a purchase of company stock, according to a new SEC filing. Lobach, who serves as Chairman, President, and CEO of the Pennsylvania-based state commercial bank, acquired 100 shares of common stock at a price of $13.64 per share, totaling an investment of $1,364.
The transaction, which took place on May 22, 2024, increased Lobach's direct and indirect holdings in the company. Following this purchase, Lobach now indirectly owns 121,130 shares through an IRA, among other holdings. The CEO's total direct and indirect positions include shares held by a spouse's IRA and as PUGTMA for a grandchild, reflecting a diverse structure of ownership.
Embassy Bancorp's stock transactions by executives are closely watched by investors, as they can signal the leadership's confidence in the company's future performance. The recent acquisition by Lobach aligns with this sentiment, potentially indicating his positive outlook on the bank's value.
Investors and market observers often look to such filings for insights into executive perspectives on the company's financial health and prospects. The details of the transaction were formalized under a Power of Attorney dated January 19, 2018, and the filing was completed by Laura A. Suplee on behalf of Lobach.
Embassy Bancorp, headquartered in Bethlehem, PA, continues to operate within the financial sector, providing banking services to its clientele. The company's stock trades on the OTCMKTS under the ticker symbol EMYB, where shareholders and potential investors can follow its performance.
InvestingPro Insights
Embassy Bancorp, Inc. (OTCMKTS:EMYB) has demonstrated a commitment to returning value to its shareholders, as evidenced by its track record of raising dividends for 12 consecutive years. This is a noteworthy achievement that may appeal to income-focused investors, particularly given the current dividend yield of 2.98%. The company's ability to maintain dividend payments over such an extended period is indicative of its financial resilience and dedication to shareholder returns.
Despite facing challenges with revenue growth, which has seen a decline of 16.56% over the last twelve months as of Q1 2024, Embassy Bancorp's operational efficiency remains a strong point. The bank's operating income margin stands at an impressive 38.94% for the same period. This suggests that while top-line growth is under pressure, the company has been effective in managing its expenses to maintain profitability.
Investors considering Embassy Bancorp as a potential addition to their portfolios should note that the stock is trading near its 52-week low, with a price to book ratio of just 0.98, signaling that the stock may be undervalued compared to its book value. This could represent an attractive entry point for value investors.
For those seeking a deeper dive into Embassy Bancorp's financials and future prospects, there are additional InvestingPro Tips available. With a current market capitalization of $102.37 million and a P/E ratio of 9.02, the bank's valuation metrics may provide further insights into its investment potential. For a comprehensive analysis, including more InvestingPro Tips that could inform your investment decision, visit https://www.investing.com/pro/EMYB. And remember, you can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription with the coupon code PRONEWS24.
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