Embassy Bancorp (OTCMKTS:EMYB) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Embassy Bancorp, Inc. (OTCMKTS:EMYB) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $17.82 and traded as high as $18.20. Embassy Bancorp shares last traded at $18.20, with a volume of 2,200 shares.

Embassy Bancorp Stock Performance

The firm’s fifty day moving average is $17.84 and its 200-day moving average is $17.14.

Embassy Bancorp declared that its Board of Directors has initiated a share repurchase plan on Monday, October 27th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About Embassy Bancorp

Embassy Bancorp, Inc operates as the bank holding company for the Embassy Bank for the Lehigh Valley that provides traditional banking and related financial services to individual, business, and government customers in Pennsylvania. The company offers demand deposits, savings, money market, time deposits, individual retirement, and NOW accounts; and certificates of deposit. It provides loans, such as secured fixed and variable rate loans; commercial lending; consumer lending, including mortgage loans, first time home buyer mortgages, secured home equity loans, lines of credit; residential mortgage loans; and commercial mortgage/construction loans.