Theodore W. Mowery, who serves on the board of Mid Penn Bancorp Inc (NASDAQ: MPB), filed a Form 4 disclosing a purchase of 62 shares of the company's common stock on March 31, 2026. The transaction, recorded at $32.16 per share, had a total value of $1,993.
At the time the filing was referenced, Mid Penn Bancorp shares were trading at $32.41 and the company carried a market capitalization of $821 million. The stock has appreciated roughly 29% over the past year, based on the figures in the filing.
Following the March 31 purchase, Mowery's direct ownership of Mid Penn Bancorp common stock totals 40,384.964 shares. That direct stake includes shares acquired through the company's Dividend Reinvestment Plan. In addition to his direct holdings, the filing shows Mowery has indirect ownership of 22,465.667 shares through an IRA, 250 shares held by his spouse and 1,945 shares in common restricted stock.
An analysis cited in the filing from InvestingPro characterizes the stock as appearing undervalued at current levels. The filing also notes the company has paid dividends for 16 consecutive years and currently offers a yield of 2.74%. The InvestingPro service is reported to offer three additional tips for investors in MPB.
Recent corporate disclosures included operational and strategic updates for Mid Penn Bancorp. The company reported a 47% increase in fourth-quarter net income, with net income of $19.4 million. Basic earnings per share were $0.84, which the company reported as meeting analyst expectations.
Mid Penn Bancorp has completed two deal-related transactions described in the disclosure. The bank finalized the acquisition of 1st Colonial Bancorp in a transaction valued at approximately $106.1 million; as a result, 1st Colonial Community Bank was integrated into Mid Penn Bank. Separately, the company completed its acquisition of Cumberland Advisors, bringing $3.2 billion in assets under management under Mid Penn's control.
Leadership changes disclosed by the company include the appointment of Dana Stewart as chief operating officer, effective January 5, 2026. Stewart is reported to be responsible for oversight of the bank's loan and deposit operations.
The Form 4 filing and the company's recent financial and strategic announcements together provide a snapshot of insider activity and corporate developments at Mid Penn Bancorp.