Princeton Bancorp director Martin Tuchman sells $95,160 in shares

Theodore W. Mowery, a member of Mid Penn Bancorp's board of directors, acquired 56 shares of the company's common stock on September 30, 2026. The purchase was made under the company's Director Stock Purchase Plan, with each share costing $35.4, amounting to a total investment of $1,982. As a result of this transaction, Mr. Mowery's direct ownership of Mid Penn Bancorp common stock rose to 42,970.704 shares.

Currently, the stock trades at a price-to-earnings ratio of 12.75, having generated a 38% return over the past year. According to InvestingPro analysis, the stock is considered undervalued and is listed among the most undervalued stocks. Mid Penn Bancorp offers a dividend yield of 2.55% and has a history of consistent dividend payments for 16 years.

Beyond the shares bought directly, Mr. Mowery also indirectly owns 22,757.753 shares through his Individual Retirement Account (IRA) and 250 shares via his spouse, both investments also benefiting from the Dividend Reinvestment Plan. Furthermore, Mr. Mowery holds 1,700 shares of Mid Penn Bancorp's Common Restricted Stock, which are expected to become fully vested 12 months after the grant date.

Recently, Piper Sandler upgraded its rating of Mid Penn Bancorp to "overweight" and set a price target of $42.00, expressing optimism about the bank's future performance. The firm projects robust earnings growth, anticipating double-digit increases in 2025, 2026, and 2027, driven by the integration of acquisitions and heightened commercial team output. These projections suggest a positive outlook for Mid Penn Bancorp's growth trajectory.