Mid Penn Bancorp, Inc. (EXCHANGE: MPB) disclosed that director Matthew G. De Soto purchased 311 shares of the company’s common stock on March 31, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were acquired at $32.16 each for a total outlay of $10,001.
At the time of the filing, Mid Penn Bancorp’s shares were trading at $32.41 and the company had a reported market capitalization of $821 million. An InvestingPro analysis noted in the filing that Mid Penn Bancorp appears undervalued at current levels.
Following the purchase, De Soto’s direct holdings in Mid Penn Bancorp, Inc. Common Stock total 115,226.002 shares. That direct position includes shares acquired through the company’s Dividend Reinvestment Plan. The filing also lists indirect holdings of 4,299 shares held By PUTMA for Children and 78 shares held By L T D Investments. In addition to the direct common shares, De Soto directly owns 1,945 shares of Mid Penn Bancorp, Inc. Common Restricted Stock.
The filing included supplementary dividend and corporate information sourced from InvestingPro Tips. According to that service, Mid Penn Bancorp currently offers a 2.74% dividend yield and has maintained dividend payments for 16 consecutive years. The InvestingPro Tips entry referenced in the filing notes three additional insights for MPB investors, though those specific extra tips are not detailed in the Form 4 disclosure.
Several operational and financial developments at Mid Penn Bancorp accompany the insider purchase. The bank reported a 47% increase in net income for the fourth quarter of 2025, with net income rising to $19.4 million compared with the same period in 2024. Reported earnings met analyst expectations at $0.84 per basic share for the quarter.
On the strategic growth front, Mid Penn Bancorp completed its acquisition of 1st Colonial Bancorp in a cash-and-stock transaction valued at approximately $106.1 million. That transaction folded 1st Colonial Community Bank into Mid Penn Bank. Separately, the company finalized its acquisition of Cumberland Advisors, Inc., adding approximately $3.2 billion in assets under management to Mid Penn’s platform.
Leadership changes were also noted. Dana Stewart was named chief operating officer of Mid Penn Bank effective January 5, 2026. Stewart will oversee the bank’s loan and deposit operations and brings over 35 years of experience in the financial services industry.
The filing additionally states that the merger between Mid Penn Bancorp and 1st Colonial Bancorp received all necessary regulatory approvals, while a shareholder vote related to the transaction was scheduled for February 2026.
This filing provides a snapshot of insider activity alongside recent corporate developments, combining a modest director purchase with a broader backdrop of earnings growth, completed acquisitions and an executive appointment that collectively reflect the company’s current operational posture.