How are energy investors positioned?
Matthew G. De Soto, a director at Mid Penn Bancorp Inc. (NASDAQ:MPB), recently purchased 309 shares of the company’s common stock on March 31, 2025. The shares were acquired at a price of $25.91 each, amounting to a total transaction value of $8,006. The regional bank, currently valued at $496 million, trades at an attractive P/E ratio of 8.8x and offers a 3.1% dividend yield, having maintained dividend payments for 15 consecutive years. InvestingPro analysis suggests the stock is fairly valued, with analyst price targets ranging from $35 to $37.50. Following this acquisition, De Soto now directly owns 103,579 shares of Mid Penn Bancorp stock. Additionally, he holds indirect ownership of 3,327 shares through a custodial account for children and 78 shares through L T D Investments. De Soto also owns 999 shares in the form of restricted stock, which will vest fully on the first anniversary of the grant date. Track insider transactions and access detailed financial analysis with InvestingPro, which offers 5+ additional exclusive insights about MPB’s financial health and growth prospects.
In other recent news, Mid Penn Bancorp Inc. announced the launch of a new Executive Annual Incentive Plan aimed at boosting the company’s profitability and growth. Approved by the Board of Directors, the plan is designed to align the financial interests of the executive team with the company’s overall performance. The incentive structure includes annual cash and/or equity bonuses contingent upon meeting specific performance objectives set each year. The Compensation Committee of the Board will determine these objectives, which may involve metrics like net income and efficiency ratio, as well as qualitative factors relevant to each executive’s role. Bonuses will be paid no later than March 15th following the end of each plan year, with equity awards distributed as restricted stock under the company’s 2023 Stock Incentive Plan. Additionally, all awards are subject to recovery or clawback provisions according to the company’s policy or applicable laws. This plan is part of Mid Penn Bancorp’s strategy to attract, motivate, and retain key contributors to its success. The details of the incentive plan are documented in the full text attached as Exhibit 10.1 to the 8-K filing.
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