On November 1, 2024, Joan Dickinson, Chief Retail Officer of Mid Penn Bancorp Inc (MPB, Financial), purchased 678 shares of the company. This transaction was documented in an SEC Filing. Following this acquisition, the insider now owns 1,891 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, personal banking, and trust services.
The shares were bought at a price of $29.5 each, valuing the transaction at $20,001. The company's market cap stands at $582.391 million.
The price-earnings ratio of Mid Penn Bancorp Inc is 10.54, slightly above the industry median but below the company's historical median. The stock's GF Value is estimated at $23.49, indicating that at the current price of $29.5, the stock is considered significantly overvalued with a price-to-GF-Value ratio of 1.26.
Over the past year, there have been 51 insider buys and no insider sells at Mid Penn Bancorp Inc. This trend suggests a positive sentiment among the company's insiders.
This insider buying activity could be a signal to investors about the perceived value of the stock by those closest to the company's operations. However, potential investors should also consider the company's valuation metrics, such as the price-sales ratio, price-book ratio, and price-to-free cash flow, alongside the GF Value to make informed decisions.
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.
