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

Embassy Bancorp, Inc. (OTCMKTS:EMYB)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.20 and traded as high as $21.15. Embassy Bancorp shares last traded at $21.15, with a volume of 1,723 shares trading hands.

Embassy Bancorp Price Performance

The company’s 50 day simple moving average is $20.28 and its two-hundred day simple moving average is $19.38.

Embassy Bancorp declared that its Board of Directors has initiated a share repurchase program on Monday, June 1st that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Embassy Bancorp Company Profile

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.