Mid Penn Bancorp director Mowery buys $1,982 in common stock

Theodore W. Mowery, a director at Mid Penn Bancorp Inc. (NASDAQ:MPB), purchased 56 shares of the company’s common stock on September 30, 2026. The transaction, executed at a price of $35.4 per share, totaled $1,982. The shares were acquired through the company’s Director Stock Purchase Plan.

Following this transaction, Mr. Mowery’s direct beneficial ownership in Mid Penn Bancorp common stock stands at 42,970.704 shares. The purchase comes as MPB trades at a P/E ratio of 12.75 and has delivered a 38% return over the past year. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, placing it among opportunities on the most undervalued stocks list. The company maintains a 2.55% dividend yield and has paid dividends consistently for 16 consecutive years. This balance includes shares acquired through the Dividend Reinvestment Plan. Additionally, Mr. Mowery indirectly holds 22,757.753 shares in an IRA and 250 shares through his spouse, both balances also including shares from the Dividend Reinvestment Plan.

Mr. Mowery also holds 1,700 shares of Mid Penn Bancorp, Inc. Common Restricted Stock, which are scheduled to vest 100% on the first anniversary of the grant date.

In other recent news, Mid Penn Bancorp received an overweight rating from Piper Sandler, which initiated coverage on the company. Piper Sandler set a price target of $42.00 for Mid Penn Bancorp, indicating confidence in the bank’s future performance. The firm projects strong earnings growth, anticipating increases of 6.5% in 2025, 7.5% in 2026, and 19% in 2027. These projections are based on the integration of acquisitions and increased production from commercial teams. Such developments reflect a positive outlook from Piper Sandler regarding Mid Penn Bancorp’s growth potential. The recent analyst coverage suggests an optimistic view of the bank’s ability to enhance its financial performance over the coming years.