Mid Penn Bancorp (NASDAQ:MPB) Director Soto Matthew De Acquires 283 Shares of Company Stock

Posted by Francis Steltz on Oct 2nd, 2026

Mid Penn Bancorp (NASDAQ:MPB – Get Free Report) Director Soto Matthew De acquired 283 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were bought at an average cost of $35.40 per share, with a total value of $10,018.20. Following the completion of the acquisition, the director owned 119,543 shares in the company, valued at $4,231,822.20. This represents a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mid Penn Bancorp Stock Performance

Shares of Mid Penn Bancorp stock traded up $0.38 during trading hours on Friday, reaching $36.29. The company’s stock had a trading volume of 55,671 shares, compared to its average volume of 145,216. Mid Penn Bancorp has a one year low of $26.56 and a one year high of $39.15. The company’s 50 day simple moving average is $37.20 and its 200 day simple moving average is $34.66. The stock has a market cap of $919.23 million, a P/E ratio of 12.83 and a beta of 0.49.

Mid Penn Bancorp (NASDAQ:MPB – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $75.87 million during the quarter, compared to the consensus estimate of $73.28 million. Mid Penn Bancorp had a return on equity of 8.82% and a net margin of 17.55%. On average, sell-side analysts predict that Mid Penn Bancorp will post 3.34 earnings per share for the current fiscal year.

Mid Penn Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a dividend of $0.23 per share. This is a positive change from Mid Penn Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, August 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.5%. Mid Penn Bancorp’s payout ratio is presently 32.51%.

Hedge Funds Weigh In On Mid Penn Bancorp

Several institutional investors have recently bought and sold shares of MPB. Wellington Management Group LLP increased its holdings in shares of Mid Penn Bancorp by 1.4% during the 2nd quarter. Wellington Management Group LLP now owns 2,307,141 shares of the financial services provider’s stock valued at $80,381,000 after acquiring an additional 32,628 shares during the last quarter. BlackRock Inc. acquired a new stake in Mid Penn Bancorp in the 2nd quarter worth approximately $60,141,000. Dimensional Fund Advisors LP grew its holdings in Mid Penn Bancorp by 11.9% during the first quarter. Dimensional Fund Advisors LP now owns 748,196 shares of the financial services provider’s stock valued at $24,061,000 after purchasing an additional 79,569 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Mid Penn Bancorp in the second quarter valued at approximately $9,429,000. Finally, Rhino Investment Partners Inc raised its position in shares of Mid Penn Bancorp by 166.1% in the first quarter. Rhino Investment Partners Inc now owns 232,072 shares of the financial services provider’s stock valued at $7,463,000 after purchasing an additional 144,852 shares during the period. 43.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on Mid Penn Bancorp

Mid Penn Bancorp Company Profile

(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.