Abel Robert a, director at Mid Penn Bancorp, buys $515 in shares

Director Abel Robert A of Mid Penn Bancorp INC (NASDAQ:MPB) purchased 18 shares of the company’s common stock at a price of $28.64 on September 30, 2025. The total value of the purchase was $515. The regional bank, currently valued at $658 million, trades at a P/E ratio of 12.3 and offers a 2.79% dividend yield. According to InvestingPro analysis, the stock appears slightly undervalued at current levels.

Following the transaction, Abel directly owns 7,585.765 shares of Mid Penn Bancorp, Inc. Common Stock, which includes shares acquired through the Dividend Reinvestment Plan. Additionally, Abel indirectly owns 26,909.417 shares through the Robert and Julie Abel Living Trust, and directly holds 1,945 shares of Common Restricted Stock. The bank has maintained dividend payments for 15 consecutive years, demonstrating strong shareholder commitment. For deeper insights into insider trading patterns and additional valuation metrics, check out InvestingPro, which features 12 more exclusive tips for MPB.

In other recent news, Mid Penn Bancorp has announced plans to acquire Cumberland Advisors, aiming to add approximately $3.3 billion in assets under management. This acquisition is expected to close in the fourth quarter of 2025, pending customary closing conditions. In another significant move, Mid Penn Bancorp will acquire 1st Colonial Bancorp in a transaction valued at approximately $101 million, expanding its presence in the greater Philadelphia area. The agreement, approved by both companies’ boards, allows 1st Colonial shareholders to receive either Mid Penn common stock or cash, subject to proration.

Keefe, Bruyette & Woods reiterated their Outperform rating on Mid Penn Bancorp, maintaining a price target of $34.00. The firm expressed confidence in the management’s ability to integrate the recent acquisitions. Additionally, Mid Penn Bancorp has updated its executive retirement and change in control agreements, affecting three executives with revised retirement benefits. These developments reflect Mid Penn Bancorp’s strategic growth initiatives and adjustments in executive compensation.

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