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

Shares of Embassy Bancorp, Inc. (OTCMKTS:EMYB) crossed 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.

Embassy Bancorp Stock Performance

The business has a 50-day moving average of $20.20 and a two-hundred day moving average of $19.32.

Embassy Bancorp declared that its Board of Directors has approved a share repurchase program on Monday, June 1st that allows the company to buyback $5.00 million in shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership 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.