On November 1, 2024, Scott Micklewright, the Chief Revenue Officer of Mid Penn Bancorp Inc (MPB, Financial), purchased 500 shares of the company at a price of $29.5 per share. This transaction was documented in a recent SEC Filing. Following this acquisition, the insider now owns a total of 4,098 shares of Mid Penn Bancorp Inc.
Mid Penn Bancorp Inc operates as a bank holding company, primarily engaged in providing a full range of banking services, including commercial banking, trust services, and retail banking, to individuals, businesses, and municipalities.
The recent purchase by the insider is part of a broader trend observed over the past year, where there have been 51 insider buys and no insider sells. This pattern suggests a positive sentiment among insiders about the company's future prospects.
Regarding the company's valuation, Mid Penn Bancorp Inc has a market cap of approximately $582.391 million. The stock's price-earnings ratio is 10.54, slightly above the industry median but below the company's historical median.
The GF Value of Mid Penn Bancorp Inc is estimated at $23.49, indicating that with a current price of $29.5, the stock is significantly overvalued with a price-to-GF-Value ratio of 1.26.
This insider buying activity, along with the company's valuation metrics, provides investors with critical data points for evaluating their investment decisions in Mid Penn Bancorp Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
