Dimensional Fund Advisors LP Has $13.71 Million Position in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

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

A number of other institutional investors have also modified their holdings of the business. Curi RMB Capital LLC bought a new stake in shares of Mid Penn Bancorp during the 4th quarter valued at about $1,903,000. First Trust Advisors LP boosted its stake in Mid Penn Bancorp by 6.0% during the 4th quarter. First Trust Advisors LP now owns 69,139 shares of the financial services provider's stock valued at $1,994,000 after purchasing an additional 3,927 shares during the period. Banc Funds Co. LLC boosted its stake in Mid Penn Bancorp by 13.8% during 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 purchasing an additional 50,000 shares during the period. Barclays PLC boosted its stake in Mid Penn Bancorp by 1.2% during the 4th quarter. Barclays PLC now owns 37,257 shares of the financial services provider's stock valued at $1,074,000 after purchasing an additional 452 shares during the period. Finally, Kennedy Capital Management LLC boosted its stake in Mid Penn Bancorp by 43.8% during the 4th quarter. Kennedy Capital Management LLC now owns 102,482 shares of the financial services provider's stock valued at $2,956,000 after purchasing an additional 31,207 shares during the period. Institutional investors own 43.11% of the company's stock.

Insider Transactions at Mid Penn Bancorp

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

Mid Penn Bancorp Stock Performance

Mid Penn Bancorp stock traded up $0.53 during midday trading on Monday, reaching $28.73. 96,660 shares of the stock traded hands, compared to its average volume of 65,942. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $26.35 and a two-hundred day moving average price of $28.85. The firm has a market cap of $556.10 million, a price-to-earnings ratio of 9.91 and a beta of 0.65. Mid Penn Bancorp, Inc. has a fifty-two week low of $20.03 and a fifty-two week high of $33.87.

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

Mid Penn Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 26th. Stockholders of record on Thursday, May 8th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, May 8th. Mid Penn Bancorp's dividend payout ratio is currently 27.78%.

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.