Emerald Mutual Fund Advisers Trust Purchases 48,250 Shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Emerald Mutual Fund Advisers Trust raised its holdings in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) by 44.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,338 shares of the financial services provider's stock after buying an additional 48,250 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.81% of Mid Penn Bancorp worth $4,509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in MPB. Stonebridge Financial Group LLC purchased a new position in Mid Penn Bancorp during the fourth quarter worth about $45,000. Emerald Advisers LLC raised its position in Mid Penn Bancorp by 261.6% in the fourth quarter. Emerald Advisers LLC now owns 2,419 shares of the financial services provider's stock worth $70,000 after acquiring an additional 1,750 shares during the period. SG Americas Securities LLC raised its position in Mid Penn Bancorp by 18.6% in the fourth quarter. SG Americas Securities LLC now owns 6,484 shares of the financial services provider's stock worth $187,000 after acquiring an additional 1,018 shares during the period. Mystic Asset Management Inc. bought a new stake in Mid Penn Bancorp in the fourth quarter worth about $210,000. Finally, Semanteon Capital Management LP bought a new stake in Mid Penn Bancorp in the fourth quarter worth about $228,000. 43.11% of the stock is owned by institutional investors.

Mid Penn Bancorp Stock Performance

MPB stock traded up $0.02 during mid-day trading on Thursday, hitting $29.07. The company had a trading volume of 128,017 shares, compared to its average volume of 63,666. The firm has a market cap of $562.68 million, a PE ratio of 10.02 and a beta of 0.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.95. Mid Penn Bancorp, Inc. has a 12 month low of $20.03 and a 12 month high of $33.87. The stock's fifty day moving average price is $26.27 and its two-hundred day moving average price is $28.99.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last announced 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. The business had revenue of $47.75 million for 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, analysts forecast that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current fiscal year.

Mid Penn Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 26th. Stockholders of record on Thursday, May 8th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, May 8th. Mid Penn Bancorp's dividend payout ratio (DPR) is currently 27.78%.

Insider Activity

In other Mid Penn Bancorp news, Director Soto Matthew G. De purchased 2,575 shares of the stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of $29.07 per share, with a total value of $74,855.25. Following the completion of the transaction, the director now directly owns 103,162 shares in the company, valued at approximately $2,998,919.34. This trade represents a 2.56 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John E. Noone purchased 1,000 shares of the stock in a transaction dated Monday, April 28th. The stock was acquired at an average cost of $28.18 per share, for a total transaction of $28,180.00. Following the transaction, the director now owns 41,400 shares of the company's stock, valued at approximately $1,166,652. This trade represents a 2.48 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 6,960 shares of company stock valued at $203,023 over the last quarter. Company insiders own 8.10% of the company's stock.

Mid Penn Bancorp 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.