Whilst it may not be a huge deal, we thought it was good to see that the Mid Penn Bancorp, Inc. (NASDAQ:MPB) President, Rory Ritrievi, recently bought US$92k worth of stock, for US$30.05 per share. However, it only increased their shares held by 3.7%, and it wasn't a huge purchase by absolute value, either.

See our latest analysis for Mid Penn Bancorp

Mid Penn Bancorp Insider Transactions Over The Last Year

The Independent Director Matthew DeSoto made the biggest insider purchase in the last 12 months. That single transaction was for US$543k worth of shares at a price of US$29.50 each. So it's clear an insider wanted to buy, at around the current price, which is US$30.54. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.

Mid Penn Bancorp insiders may have bought shares in the last year, but they didn't sell any. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership Of Mid Penn Bancorp

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 4.7% of Mid Penn Bancorp shares, worth about US$28m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Mid Penn Bancorp Tell Us?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Mid Penn Bancorp shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Mid Penn Bancorp. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Mid Penn Bancorp.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.