Director Albert J. Evans bought 311 MPB shares at $32.16; joins 5 other insiders' buys in 14 days
Evans Albert J., a Director, purchased 311 shares of Mid Penn Bancorp at $32.16 on 2026-03-31, increasing his holdings to 39,593 shares. The transaction occurs within a cluster of 5 other insider purchases in the prior 14 days, which is a notable pattern of coordinated director/officer interest in the stock. At his same-ticker history (5 prior MPB buys), Evans achieved positive 90-day returns in 3 of 5 trades, with 2 of 3 most recent buys delivering gains at 30-day (+6.4%) and 90-day (+3.7%) marks. The current stock price of $32.37 is -6.5% from the 52-week high of $34.61, placing the purchase slightly below recent peak valuations. With a 13.21 P/E ratio and $750.2M market cap against $18.3M net income, the company appears reasonably valued; the cluster buy pattern suggests board/management confidence in current levels, though the isolated transaction itself ($10.0K value) represents a modest addition to a $1.28M+ position.