SoFi CEO enters prepaid forward contract on 1.5 million shares
In a recent transaction, Frank Banko III, a director at Embassy Bancorp, Inc. (NASDAQ:EMYB), a $120.3 million market cap financial institution currently trading at $15.50, acquired 4,053 shares of the company’s common stock. The shares were purchased on March 20 at a price of $15.74 each, totaling approximately $63,798. The purchase comes as the stock shows a -5.18% year-to-date return, though InvestingPro analysis indicates the stock trades with low price volatility. Following this acquisition, Banko holds 8,457 shares indirectly through Red Bird Associates LLC. Additionally, he maintains direct ownership of 521,482 shares and indirect ownership of 2,941 shares through his spouse. The transactions reflect Banko’s ongoing involvement and investment in the company, which trades at a P/E ratio of 11.5 and has maintained dividend payments for 13 consecutive years. For deeper insights into insider trading patterns and additional ProTips, consider exploring InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.