Mid Penn Bancorp (NASDAQ:MPB) Director Buys $49,943.75 in Stock

May 6, 2026 by InsiderTrades.com

Key Points

Director Matthew De Soto purchased 1,525 shares at an average price of $32.75 for a total of $49,943.75, raising his stake to 118,696 shares (a 1.3% ownership increase), as disclosed in an SEC filing.
Mid Penn declared a quarterly dividend of $0.22 (ex-dividend May 4, payable May 15), equal to an annualized $0.88 and a 2.6% yield with a 40% payout ratio.
The company reported Q1 EPS of $0.64, missing the $0.80 consensus while revenue of $64.85 million beat estimates; the stock trades near $33.30 with a consensus target of $37.00.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) Director Soto Matthew De bought 1,525 shares of Mid Penn Bancorp stock in a transaction on Monday, May 4th. The shares were acquired at an average cost of $32.75 per share, for a total transaction of $49,943.75. Following the completion of the acquisition, the director directly owned 118,696 shares in the company, valued at approximately $3,887,294. The trade was a 1.30% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Mid Penn Bancorp Trading Up 1.7%

MPB opened at $33.30 on Wednesday. Mid Penn Bancorp has a fifty-two week low of $25.82 and a fifty-two week high of $35.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a market capitalization of $843.82 million, a price-to-earnings ratio of 15.14 and a beta of 0.49. The company's 50 day moving average price is $32.62 and its two-hundred day moving average price is $31.57.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.16). The business had revenue of $64.85 million for the quarter, compared to the consensus estimate of $63.15 million. Mid Penn Bancorp had a return on equity of 8.55% and a net margin of 13.95%.

Mid Penn Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be given a $0.22 dividend. The ex-dividend date is Monday, May 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. Mid Penn Bancorp's payout ratio is 40.00%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MPB shares. Wall Street Zen downgraded shares of Mid Penn Bancorp from a "buy" rating to a "hold" rating in a research report on Saturday, January 24th. Weiss Ratings upgraded shares of Mid Penn Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $37.00.

Get Our Latest Report on Mid Penn Bancorp

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Mid Penn Bancorp in the third quarter worth approximately $26,000. Legal & General Group Plc boosted its holdings in Mid Penn Bancorp by 35.6% in the second quarter. Legal & General Group Plc now owns 1,877 shares of the financial services provider's stock worth $53,000 after acquiring an additional 493 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Mid Penn Bancorp by 416.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,303 shares of the financial services provider's stock worth $93,000 after acquiring an additional 2,664 shares in the last quarter. SG Americas Securities LLC bought a new position in Mid Penn Bancorp in the third quarter worth approximately $121,000. Finally, US Bancorp DE boosted its holdings in Mid Penn Bancorp by 4,471.3% in the third quarter. US Bancorp DE now owns 4,937 shares of the financial services provider's stock worth $141,000 after acquiring an additional 4,829 shares in the last quarter. Institutional investors own 43.11% of the company's stock.

Mid Penn Bancorp Company Profile

(Get Free Report)

Mid Penn Bancorp, Inc is a bank holding company headquartered in Hummelstown, Pennsylvania, serving as the parent of Mid Penn Bank. As a full-service financial institution, Mid Penn Bank operates a network of branches across central Pennsylvania, delivering retail and commercial banking services to individuals, families and businesses in its regional markets.

Through its banking subsidiary, the company offers a broad range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside consumer and commercial lending solutions.