Why insider trading matters?

When insiders buy shares on the open market, this can thus be regarded as a strong endorsement by those that know the company the best -- they are literally betting their own money on the company's future. Insider selling, however, is not necessarily meaningful in any way, as there is a range of reasons for insiders to liquidate (some) of the shares they own.

- Seeking Alpha
Sector: Financial Services; Industry: Banks—Regional

Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations. In addition, the company offers online banking, telephone banking, cash management, and automated teller services, as well as safe deposit boxes; and trust and wealth management services. As of December 31, 2019, it operates 39 full service retail banking locations in Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill, and Westmoreland counties, Pennsylvania. The company was founded in 1868 and is headquartered in Millersburg, Pennsylvania.

Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-04-30 Peduzzi Michael D SEVP/CFO Buy 750 $25.00 $18,750 No
2020-09-10 Peduzzi Michael D SEVP/CFO Buy 500 $19.17 $9,585 No
2020-03-16 Peduzzi Michael D SEVP/CFO Buy 1,400 $17.89 $25,039 No
2019-02-13 Peduzzi Michael D SEVP/CFO Buy 200 $23.18 $4,637 No
2017-05-11 Peduzzi Michael D EVP and CFO Buy 350 $27.39 $9,588 No
2016-08-02 Peduzzi Michael D EVP and CFO Buy 4,000 $16.92 $67,690 No

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