10 Stocks With The Most Insider Purchases In The Last Quarter

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

Number of insider purchases in the last quarter: 15

Market capitalization: $498.03 million

Mid Penn Bancorp is a regional bank holding company providing various financial services through its subsidiary, Mid Penn Bank. The Harrisburg, Pennsylvania-based company provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations. It also offers a range of loan products, trust, retail investment, wealth management, and insurance services.

During the last quarter of 2024, 15 insiders acquired a total of $1.35 million worth of Mid Penn shares at an average price of $29.42 per share. Currently, the stock is trading at $25.73 per share, having lost 10.8% since the beginning of the year. However, over the last 12 months, Mid Penn returned 26.13% to its investors.

For the fourth quarter of 2024, Mid Penn Bank reported a net income of $13.2 million, or $0.72 per diluted common share, compared to $12.1 million, or $0.73 per diluted common share, in the same quarter of 2023. The bank’s board of directors also declared a cash dividend of $0.20 per common share, marking the 57th consecutive quarterly dividend.

Two analysts have given a “Buy” rating on Mid Penn stock, with a 12-month stock price target of $36.0, according to StockAnalysis.

Mid Penn is also among the 10 small–cap stocks insiders are buying recently.