Alyeska Investment Group L.P. Takes Position in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Alyeska Investment Group L.P. bought a new position in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 75,000 shares of the financial services provider's stock, valued at approximately $2,163,000. Alyeska Investment Group L.P. owned approximately 0.39% of Mid Penn Bancorp at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in Mid Penn Bancorp by 127.4% in the fourth quarter. Wellington Management Group LLP now owns 1,452,177 shares of the financial services provider's stock valued at $41,881,000 after acquiring an additional 813,583 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Mid Penn Bancorp by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 962,636 shares of the financial services provider's stock worth $27,762,000 after purchasing an additional 141,756 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Mid Penn Bancorp by 6.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 475,533 shares of the financial services provider's stock worth $13,714,000 after purchasing an additional 29,400 shares during the last quarter. Banc Funds Co. LLC raised its holdings in Mid Penn Bancorp by 13.8% in the 4th quarter. Banc Funds Co. LLC now owns 412,552 shares of the financial services provider's stock valued at $11,898,000 after buying an additional 50,000 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Mid Penn Bancorp by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 379,639 shares of the financial services provider's stock valued at $10,952,000 after buying an additional 29,264 shares during the period. 43.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mid Penn Bancorp news, CEO Rory G. Ritrievi purchased 3,365 shares of the company's stock in a transaction on Friday, February 14th. The stock was acquired at an average price of $29.56 per share, for a total transaction of $99,469.40. Following the completion of the purchase, the chief executive officer now directly owns 10,750 shares in the company, valued at approximately $317,770. The trade was a 45.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John E. Noone acquired 1,000 shares of Mid Penn Bancorp stock in a transaction dated Monday, April 28th. The stock was bought at an average price of $28.18 per share, for a total transaction of $28,180.00. Following the completion of the purchase, the director now owns 41,400 shares of the company's stock, valued at approximately $1,166,652. This represents a 2.48% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 4,385 shares of company stock valued at $128,168. Corporate insiders own 8.10% of the company's stock.

Mid Penn Bancorp Trading Up 2.4%

MPB stock traded up $0.69 during mid-day trading on Monday, hitting $28.89. 21,204 shares of the company were exchanged, compared to its average volume of 65,650. Mid Penn Bancorp, Inc. has a 12-month low of $20.03 and a 12-month high of $33.87. The firm has a market capitalization of $559.10 million, a P/E ratio of 9.96 and a beta of 0.65. The business has a fifty day simple moving average of $26.35 and a 200-day simple moving average of $28.85. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.12.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.62 by $0.10. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%. The firm had revenue of $47.75 million for the quarter, compared to analyst estimates of $47.20 million. On average, equities research analysts predict that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current fiscal year.

Mid Penn Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 26th. Investors of record on Thursday, May 8th will be issued a $0.20 dividend. The ex-dividend date is Thursday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.77%. Mid Penn Bancorp's dividend payout ratio is presently 27.78%.

About Mid Penn Bancorp

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. The company offers various time and demand deposit products, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and individual retirement accounts.