Mid Penn Bancorp director Noone buys $59,025 in shares

Director John E. Noone of MID PENN BANCORP INC (NASDAQ:MPB) acquired 2,000 shares of the company’s common stock on October 27, 2025, at a price of $29.5125 per share, for a total transaction value of $59,025. The purchase comes as the $682 million market cap bank trades below its book value, with a P/B ratio of 0.89. According to InvestingPro analysis, the stock appears slightly undervalued, while maintaining a 15-year track record of consistent dividend payments, currently yielding 2.98%.

Following the transaction, Noone directly holds 22,430.116 shares of Mid Penn Bancorp, Inc. Common Stock, which includes shares acquired through the Dividend Reinvestment Plan. He also indirectly holds 45,400 shares By John E. Noone Trust, 3,200 shares By IRA, and 2,500 shares By John Noone SEP IRA. Additionally, Noone holds 1,945 shares of Mid Penn Bancorp, Inc. Common Restricted Stock.

Balance includes shares acquired through the Dividend Reinvestment Plan.

Shares granted in the form of restricted stock, which vests 100% on the first anniversary of the date of grant.

In other recent news, Mid Penn Bancorp reported third-quarter 2025 net income of $18.3 million, or $0.79 per diluted share, surpassing analyst estimates of $0.71 per share. This performance marks a significant improvement from the previous quarter’s $4.8 million, or $0.22 per diluted share, and was driven by a 16 basis point increase in net interest margin to 3.60%. Additionally, Mid Penn Bancorp announced an agreement to acquire Cumberland Advisors, which will add approximately $3.3 billion in assets under management, with the transaction expected to close in the fourth quarter of 2025. The company is also set to acquire 1st Colonial Bancorp, Inc. in a cash and stock transaction valued at approximately $101 million, expanding its footprint in the Philadelphia metropolitan area. Keefe, Bruyette & Woods reiterated an Outperform rating on Mid Penn Bancorp, expressing confidence in management’s ability to integrate recent acquisitions. Furthermore, Mid Penn Bancorp updated its executive compensation arrangements, amending retirement plan agreements for three executives, with an annual normal retirement benefit set at $125,000. These developments indicate strategic growth and financial performance improvements for Mid Penn Bancorp.

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