In a recent move, David M. Lobach Jr., the Chairman, President, and CEO of Embassy Bancorp, Inc. (OTCBB:EMYB), acquired additional shares of the company’s common stock. The transactions, which took place on August 15, 2024, saw Lobach purchasing a total of 1,200 shares with prices ranging from $14.76 to $14.77 per share, amounting to over $17,718 in value.
The acquisition of these shares was made through two separate purchases of 600 shares each, one for Lobach himself and the other for his spouse's IRA. Following these transactions, Lobach’s indirect ownership through his IRA increased to 122,600 shares, while his spouse’s IRA now holds 52,556 shares.
The recent purchases by Lobach reinforce his already substantial holding in Embassy Bancorp. In addition to the shares bought, the report also disclosed holdings in non-derivative securities, including a significant amount of common stock directly owned and some held indirectly for a grandchild under a trust.
Investors often keep a close eye on insider transactions like these, as they can provide insights into the executives' confidence in the company's future performance. The disclosed transactions are part of the routine filings made by corporate insiders, providing transparency about their dealings in the company's stock.
Lobach's role as a key executive at Embassy Bancorp and his recent investment in the company's stock may be of interest to current and potential investors, highlighting the ongoing financial activities within the company's leadership.
InvestingPro Insights
Embassy Bancorp, Inc. (OTCBB:EMYB) has shown a commitment to rewarding its shareholders, as evidenced by the company's track record of raising its dividend for 13 consecutive years. This dedication to consistent dividend payments is further underscored by the fact that Embassy Bancorp has maintained these payments for the same duration, a testament to its financial stability.
While the company's commitment to dividends is commendable, it is important to note that Embassy Bancorp's gross profit margins have been identified as weak, which could be a point of concern for investors seeking long-term growth. However, the company has remained profitable over the last twelve months, which may counterbalance concerns regarding profit margins to some extent.
Looking at the recent financial metrics, Embassy Bancorp's market capitalization stands at a modest 113.43 million USD. The price-to-earnings (P/E) ratio, a measure of the company's current share price relative to its per-share earnings, is 10.44, which is consistent with the adjusted P/E ratio for the last twelve months as of Q2 2024, at 10.46. This suggests the company is maintaining its earnings performance relative to its share price. Additionally, the dividend yield as of the end of 2024 is 2.82%, which could be attractive to income-focused investors, especially when considering the company's history of dividend growth, which was 5.0% during the last twelve months.
For those interested in exploring further, there are additional InvestingPro Tips available on the product's website, which could provide deeper insights into Embassy Bancorp's financial health and future prospects. These tips are part of a comprehensive suite of tools designed to aid investors in making more informed decisions.
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