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Stock impact report

Matthew DeSoto Spends US$543k On Mid Penn Bancorp Stock [Yahoo! Finance]

Mid Penn Bancorp (MPB) 
Last mid penn bancorp earnings: 4/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: midpennbank.com/investors
Company Research Source: Yahoo! Finance
Director of the company, who spent a stonking US$543k on stock at an average price of US$29.50. While that only increased their holding size by -122%, it is still a big swing by our standards. View our latest analysis for Mid Penn Bancorp In fact, the recent purchase by Matthew DeSoto was the biggest purchase of Mid Penn Bancorp shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$32.23. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Mid Penn Bancorp share holders is that insiders were buying at near the current price. Mid Penn Bancorp insiders may have bought shares in the last year, but they didn't sell any. You can s Show less Read more
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