Embassy Bancorp (OTCMKTS:EMYB) Stock Passes Above 50 Day Moving Average – Should You Sell?

Embassy Bancorp, Inc. (OTCMKTS:EMYB)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 has a 50-day moving average price of $20.20 and a 200-day moving average price of $19.32.

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