10 Small–Cap Stocks Insiders Are Buying Recently

3. Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Number of Insiders Buying: 8

Market Capitalization: $567.125 million

Mid Penn Bancorp is a regional bank holding company headquartered in Harrisburg, Pennsylvania, offering a range of financial services through its subsidiary, Mid Penn Bank. It is one of the 10 small-cap stocks insiders are buying recently.

In December and January, eight insiders, including the President and CEO acquired around $117,400 worth of Mid Penn Bancorp shares at an average price of $29.65 per share. The stock is now trading at $29.82 per share, having gone up 3.40% since the beginning of the year. Over the past 12 months, its shares gained 42.07%.

According to StockAnalysis, two analysts have a consensus “Buy” rating on the stock, with a price target of $36.00 for an upside of 20.72%.

For the fourth quarter of 2024, Mid Penn Bank reported net income available to common shareholders of $13.2 million, or $0.72 per diluted common share, compared to net income of $12.1 million, or $0.73 per diluted common share, for the fourth quarter of 2023. At the same time, its board of directors declared a cash dividend of $0.20 per common share, making this a 57th consecutive quarterly dividend.

Investors who decided to invest in Mid Penn Bank five years ago would have gained 21.62% on their investment.