Dimensional Fund Advisors LP Buys 29,400 Shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Dimensional Fund Advisors LP boosted its holdings in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 475,533 shares of the financial services provider's stock after acquiring an additional 29,400 shares during the period. Dimensional Fund Advisors LP owned about 2.46% of Mid Penn Bancorp worth $13,714,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MPB. Curi RMB Capital LLC bought a new stake in shares of Mid Penn Bancorp during the fourth quarter valued at approximately $1,903,000. First Trust Advisors LP raised its holdings in shares of Mid Penn Bancorp by 6.0% during the fourth quarter. First Trust Advisors LP now owns 69,139 shares of the financial services provider's stock valued at $1,994,000 after buying an additional 3,927 shares during the last quarter. Banc Funds Co. LLC raised its holdings in shares of Mid Penn Bancorp by 13.8% during the fourth 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 last quarter. Barclays PLC raised its holdings in shares of Mid Penn Bancorp by 1.2% during the fourth quarter. Barclays PLC now owns 37,257 shares of the financial services provider's stock valued at $1,074,000 after buying an additional 452 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its stake in shares of Mid Penn Bancorp by 43.8% during the fourth quarter. Kennedy Capital Management LLC now owns 102,482 shares of the financial services provider's stock valued at $2,956,000 after acquiring an additional 31,207 shares during the period. Institutional investors own 43.11% of the company's stock.

Mid Penn Bancorp Price Performance

Shares of NASDAQ MPB traded down $0.13 during mid-day trading on Wednesday, reaching $28.59. 25,097 shares of the company traded hands, compared to its average volume of 65,977. Mid Penn Bancorp, Inc. has a fifty-two week low of $20.03 and a fifty-two week high of $33.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a market cap of $553.29 million, a PE ratio of 9.86 and a beta of 0.65. The stock has a fifty day simple moving average of $26.41 and a 200-day simple moving average of $28.84.

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

Mid Penn Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 26th. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, May 8th. Mid Penn Bancorp's dividend payout ratio (DPR) is currently 27.78%.

Insider Buying and Selling at Mid Penn Bancorp

In other news, CEO Rory G. Ritrievi bought 3,365 shares of the business's stock in a transaction on Friday, February 14th. The stock was purchased at an average price of $29.56 per share, with a total value of $99,469.40. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John E. Noone bought 1,000 shares of the business's stock in a transaction on Monday, April 28th. The shares were purchased at an average cost of $28.18 per share, with a total value of $28,180.00. Following the transaction, the director now owns 41,400 shares in the company, valued at approximately $1,166,652. The trade was a 2.48% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 4,385 shares of company stock valued at $128,168 in the last quarter. Company insiders own 8.10% of the company's stock.

Mid Penn Bancorp Company Profile

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.