Insider Buying: Mid Penn Bancorp (NASDAQ:MPB) Director Purchases $10,018.20 in Stock

October 3, 2026 by InsiderTrades.com

Key Points

Mid Penn Bancorp director Matthew De Soto bought 283 shares at $35.40 each, investing $10,018.20 and increasing his direct holdings by 0.24% to 119,543 shares.
The company reported quarterly EPS of $0.87, exceeding estimates of $0.79, while revenue of $75.87 million also surpassed forecasts. Mid Penn raised its quarterly dividend to $0.23 per share, yielding approximately 2.5% annually.
Analyst sentiment is generally positive, with three Buy ratings and one Hold; the consensus price target is $39.50 versus the stock’s reported opening price of $36.40.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) Director Soto Matthew De purchased 283 shares of the business's stock in a transaction dated Wednesday, September 30th. The shares were purchased at an average cost of $35.40 per share, for a total transaction of $10,018.20. Following the completion of the purchase, the director directly owned 119,543 shares of the company's stock, valued at approximately $4,231,822.20. This represents a 0.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Mid Penn Bancorp Price Performance

Mid Penn Bancorp stock opened at $36.40 on Friday. The business has a 50 day moving average of $37.18 and a 200-day moving average of $34.67. Mid Penn Bancorp has a 1 year low of $26.56 and a 1 year high of $39.15. The company has a market capitalization of $922.01 million, a P/E ratio of 12.86 and a beta of 0.49.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.08. Mid Penn Bancorp had a net margin of 17.55% and a return on equity of 8.82%. The business had revenue of $75.87 million during the quarter, compared to analyst estimates of $73.28 million. Equities analysts anticipate that Mid Penn Bancorp will post 3.34 EPS for the current year.

Mid Penn Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, August 3rd. This is an increase from Mid Penn Bancorp's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.5%. Mid Penn Bancorp's payout ratio is 32.51%.

Institutional Trading of Mid Penn Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. De Lisle Partners LLP acquired a new position in shares of Mid Penn Bancorp in the 2nd quarter worth approximately $3,238,000. Bank of New York Mellon Corp acquired a new stake in shares of Mid Penn Bancorp during the second quarter worth $3,992,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Mid Penn Bancorp during the second quarter worth $9,429,000. PNC Financial Services Group Inc. increased its position in shares of Mid Penn Bancorp by 280,843.8% during the first quarter. PNC Financial Services Group Inc. now owns 134,853 shares of the financial services provider's stock worth $4,337,000 after buying an additional 134,805 shares during the period. Finally, Bank of America Corp DE raised its stake in Mid Penn Bancorp by 62.5% during the first quarter. Bank of America Corp DE now owns 73,129 shares of the financial services provider's stock worth $2,352,000 after buying an additional 28,127 shares during the last quarter. Institutional investors and hedge funds own 43.11% of the company's stock.

Analyst Upgrades and Downgrades

MPB has been the topic of a number of recent research reports. Zacks Research upgraded shares of Mid Penn Bancorp to a "hold" rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods increased their price objective on Mid Penn Bancorp from $37.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Weiss Ratings raised Mid Penn Bancorp from a "hold (c+)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded Mid Penn Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Raymond James Financial initiated coverage on Mid Penn Bancorp in a research report on Tuesday, June 30th. They issued an "outperform" rating and a $38.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $39.50.

Read Our Latest Report on Mid Penn Bancorp

About Mid Penn Bancorp

(Get Free Report)

Mid Penn Bancorp, Inc is a bank holding company headquartered in Millersburg, Pennsylvania. Its principal subsidiary, Mid Penn Bank, provides community banking services to individuals, families, businesses and government entities.

The bank offers deposit accounts, residential and commercial real estate lending, consumer loans, commercial loans, treasury management and other business banking services. It also provides mortgage banking, wealth management and trust services designed to support customers' borrowing, investment and financial planning needs.

Mid Penn Bank traces its roots to 1868 and serves communities primarily throughout central and eastern Pennsylvania through a network of banking offices and digital banking channels.