CEO Rory Ritrievi buys 93 MPB shares at $26.64; stock down 7.3% in 30 days, continues negative pattern.
Ritrievi, President and CEO, purchased 93 shares at $26.64 on 2025-06-12, increasing holdings by 0.9% to 10,904 shares. The acquisition occurs amid weak near-term momentum: the stock is trading at $26.25, down 7.3% over 30 days and -20.5% from its 52-week high of $33.02. Ritrievi's track record at MPB shows a troubling pattern: all 5 prior purchases on 2025-02-14 delivered negative 30-day and 90-day returns, ranging from -13.5% to -14.0% over 30 days and -3.5% to -4.0% over 90 days. His cross-ticker buy history is similarly weak (17 prior buys with average 90-day return of -3.3% and a 90d win rate of 11.76%). The company's fundamentals appear modest with a P/E of 9.98 and market cap of $508,913,422.50, but the executive's repeated purchases into declining valuations without subsequent rebounds raises questions about the timing discipline of this buying pattern.