Mid Penn Bancorp director de Soto buys $8k in shares

Director Matthew G. De Soto of Mid Penn Bancorp Inc (NASDAQ:MPB) acquired 280 shares of the company’s common stock on September 30, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were purchased at a price of $28.64, totaling approximately $8,019. The regional bank, currently valued at $658 million, trades below its InvestingPro Fair Value with a modest 2.79% dividend yield. The company has maintained dividend payments for 15 consecutive years.

Following the transaction, De Soto directly owns 112,753.667 shares of Mid Penn Bancorp, Inc., which includes shares acquired through the Dividend Reinvestment Plan. He also indirectly owns 3,327 shares By PUTMA for Children, 78 shares By L T D Investments and 1,945 shares of Common Restricted Stock. InvestingPro analysis reveals the bank maintains a high shareholder yield, with additional insights available to subscribers.

In other recent news, Mid Penn Bancorp announced plans to acquire Cumberland Advisors, a move expected to add approximately $3.3 billion in assets under management. The acquisition is anticipated to close in the fourth quarter of 2025, pending customary closing conditions. In another strategic expansion, Mid Penn Bancorp will also acquire 1st Colonial Bancorp in a deal valued at approximately $101 million, involving both cash and stock transactions. This acquisition aims to strengthen Mid Penn’s presence in the greater Philadelphia metropolitan area.

Keefe, Bruyette & Woods (KBW) reiterated an Outperform rating for Mid Penn Bancorp, citing confidence in the company’s management to integrate these recent acquisitions effectively. Additionally, Mid Penn Bancorp reported updates to executive compensation arrangements, specifically amending retirement plan agreements for three executives. The revised agreements set the annual normal retirement benefit at $125,000, with specific increases for two executives after full vesting. These developments reflect Mid Penn Bancorp’s ongoing strategic growth and internal management adjustments.

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