Citadel Advisors LLC Invests $864,000 in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Citadel Advisors LLC purchased a new stake in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,945 shares of the financial services provider's stock, valued at approximately $864,000. Citadel Advisors LLC owned approximately 0.15% of Mid Penn Bancorp as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Stonebridge Financial Group LLC purchased a new position in shares of Mid Penn Bancorp during the 4th quarter valued at about $45,000. Emerald Advisers LLC raised its holdings in shares of Mid Penn Bancorp by 261.6% during the 4th quarter. Emerald Advisers LLC now owns 2,419 shares of the financial services provider's stock valued at $70,000 after buying an additional 1,750 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Mid Penn Bancorp by 18.6% during the 4th quarter. SG Americas Securities LLC now owns 6,484 shares of the financial services provider's stock valued at $187,000 after buying an additional 1,018 shares in the last quarter. Mystic Asset Management Inc. purchased a new position in shares of Mid Penn Bancorp during the 4th quarter valued at about $210,000. Finally, Semanteon Capital Management LP purchased a new position in shares of Mid Penn Bancorp during the 4th quarter valued at about $228,000. Hedge funds and other institutional investors own 43.11% of the company's stock.

Mid Penn Bancorp Trading Up 1.6%

MPB traded up $0.41 on Tuesday, hitting $26.67. 55,040 shares of the company were exchanged, compared to its average volume of 67,300. The firm has a fifty day simple moving average of $26.83 and a two-hundred day simple moving average of $28.36. 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 has a market capitalization of $516.22 million, a PE ratio of 9.20 and a beta of 0.65.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.10. Mid Penn Bancorp had a return on equity of 8.43% and a net margin of 15.99%. The business had revenue of $47.75 million for the quarter, compared to analyst estimates of $47.20 million. Sell-side analysts expect 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 was paid on Monday, May 26th. Investors of record on Thursday, May 8th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.80 annualized dividend and a yield of 3.00%. Mid Penn Bancorp's payout ratio is 27.78%.

Insider Buying and Selling

In other Mid Penn Bancorp news, Director John E. Noone acquired 1,000 shares of the business's stock in a transaction dated Monday, April 28th. The shares were purchased 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 in the company, valued at $1,166,652. This represents a 2.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Soto Matthew G. De acquired 1,875 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was acquired at an average price of $26.66 per share, for a total transaction of $49,987.50. Following the completion of the transaction, the director now owns 110,013 shares in the company, valued at approximately $2,932,946.58. The trade was a 1.73% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 8,705 shares of company stock worth $240,769 in the last ninety days. 8.10% of the stock is owned by insiders.

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.