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Trade Alert: The Independent Director Of Mid Penn Bancorp, Inc. (NASDAQ:MPB), Robert Abel, Has Just Spent US$86k Buying 15% More Shares

Even if it's not a huge purchase, we think it was good to see that Robert Abel, the Independent Director of Mid Penn Bancorp, Inc. (NASDAQ:MPB) recently shelled out US$86k to buy stock, at US$28.78 per share. That purchase might not be huge but it did increase their holding by 15%.

Check out our latest analysis for Mid Penn Bancorp

The Last 12 Months Of Insider Transactions At Mid Penn Bancorp

In the last twelve months, the biggest single purchase by an insider was when Independent Director Matthew DeSoto bought US$100k worth of shares at a price of US$25.00 per share. Even though the purchase was made at a significantly lower price than the recent price (US$29.17), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Happily, we note that in the last year insiders paid US$477k for 17.35k shares. On the other hand they divested 500.00 shares, for US$15k. In the last twelve months there was more buying than selling by Mid Penn Bancorp insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Mid Penn Bancorp Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Mid Penn Bancorp insiders own 6.1% of the company, worth about US$28m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Mid Penn Bancorp Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Mid Penn Bancorp insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Mid Penn Bancorp. Every company has risks, and we've spotted 3 warning signs for Mid Penn Bancorp you should know about.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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