Mid Penn Bancorp director Joel L. Frank buys $2,478 in shares

Joel L. Frank, a director at Mid Penn Bancorp Inc. (NASDAQ:MPB), recently purchased 70 shares of the company’s common stock for a total value of $2,478. The shares were acquired at a price of $35.4 per share on September 30, 2026, as part of the Director Stock Purchase Plan. The stock currently trades at $36.04 with a market capitalization of $913 million, and has delivered a strong 38% return over the past year.

Following this transaction, Mr. Frank directly holds 11,559.708 shares of Mid Penn Bancorp, Inc. Common Stock. This balance includes shares acquired through the company’s Dividend Reinvestment Plan. Additionally, Mr. Frank beneficially owns 1,700 shares of Mid Penn Bancorp, Inc. Common Restricted Stock, which are set to vest 100% on the first anniversary of their grant date. According to InvestingPro analysis, Mid Penn Bancorp appears undervalued at current levels and has maintained dividend payments for 16 consecutive years, currently yielding 2.55%. InvestingPro offers 3 additional exclusive tips for MPB investors.

In other recent news, Piper Sandler has initiated coverage on Mid Penn Bancorp with an overweight rating, setting a price target of $42.00. The firm anticipates strong earnings growth for the bank over the coming years. Specifically, Piper Sandler projects earnings growth of 6.5% in 2025, 7.5% in 2026, and a significant 19% in 2027. These projections are based on Mid Penn Bancorp’s integration of acquisitions and increased production from its commercial teams. This recent development highlights the firm’s positive outlook on the bank’s future performance.