Today, the EVP & COO of Mid Penn Bancorp (NASDAQ: MPB), Justin Webb, bought shares of MPB for $23.72K.
Following this transaction Justin Webb’s holding in the company was increased by 19.71% to a total of $144.9K. Following Justin Webb’s last MPB Buy transaction on March 20, 2015, the stock climbed by 12.1%.
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Based on Mid Penn Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $21.7 million and quarterly net profit of $2.16 million. In comparison, last year the company earned revenue of $12.71 million and had a net profit of $2.25 million. MPB’s market cap is $224.1M and the company has a P/E ratio of 25.98. Currently, Mid Penn Bancorp has an average volume of 14.43K.
The insider sentiment on Mid Penn Bancorp has been positive according to 66 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Justin Webb’s trades have generated a 13.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Mid Penn Bancorp, Inc. is a bank holding company for Mid Penn Bank, which engages in the provision of commercial banking and financial services. It offers checking and savings accounts, deposits, debit and credit cards, mortgages, loans, cash management, trust and investment services, electronic banking, and wealth management.
