Frank Banko III, a director at Embassy Bancorp, Inc. (OTC:EMYB), a $125.7 million market cap regional bank trading near its 52-week high, recently acquired 1,546 shares of the company's common stock, according to a recent SEC filing. According to InvestingPro analysis, the stock appears overvalued at current levels. The purchase, made on December 13, was valued at approximately $25,515, with shares bought at a price of $16.50 each. The stock has shown strong momentum with a 28.6% return over the past six months and offers a 2.55% dividend yield, maintaining payments for 13 consecutive years. Following this transaction, Banko holds a total of 4404 shares indirectly through Red Bird Associates LLC. Additionally, Banko's direct ownership stands at 519,775 shares, with an additional 2,941 shares held indirectly by his spouse, including 80 shares acquired through a dividend reinvestment plan. For more detailed financial insights and additional ProTips, visit InvestingPro.
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