Mid Penn Bancorp director Joel L. Frank buys $2,478 in shares

Director Joel L. Frank of Mid Penn Bancorp Inc. (MPB) has made a recent investment in the company's common stock, acquiring 70 shares for a total of $2,478. The purchase took place on September 30, 2026, at a price of $35.4 per share as part of the Director Stock Purchase Plan. Following this transaction, Mr. Frank now directly holds 11,559.708 shares of Mid Penn Bancorp Inc., including shares acquired through the Dividend Reinvestment Plan.

Additionally, he owns 1,700 shares of Mid Penn Bancorp Inc. Common Restricted Stock, which are expected to vest in full on the first anniversary of their grant date. The stock is currently trading at $36.04 with a market capitalization of $913 million and has delivered a strong 38% return over the past year. Mid Penn Bancorp appears undervalued according to InvestingPro analysis and has maintained dividend payments for 16 consecutive years, currently yielding 2.55%.

Piper Sandler has initiated coverage on Mid Penn Bancorp with an overweight rating, setting a price target of $42.00, and projects strong earnings growth over the next few years.

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