Citadel Advisors LLC acquired a new stake in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,945 shares of the financial services provider's stock, valued at approximately $864,000. Citadel Advisors LLC owned about 0.15% of Mid Penn Bancorp at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC increased 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 acquiring an additional 1,018 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Mid Penn Bancorp by 4.8% in the fourth quarter. Empowered Funds LLC now owns 37,063 shares of the financial services provider's stock worth $1,069,000 after purchasing an additional 1,713 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Mid Penn Bancorp during the 4th quarter worth about $45,000. Rhumbline Advisers boosted its stake in Mid Penn Bancorp by 2.6% during the 4th quarter. Rhumbline Advisers now owns 24,386 shares of the financial services provider's stock valued at $703,000 after purchasing an additional 621 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Mid Penn Bancorp by 19.7% in the 4th quarter. Bank of New York Mellon Corp now owns 74,669 shares of the financial services provider's stock valued at $2,153,000 after buying an additional 12,297 shares during the last quarter. Institutional investors and hedge funds own 43.11% of the company's stock.
Mid Penn Bancorp Stock Performance
Shares of MPB stock traded down $0.17 during trading hours on Friday, reaching $26.72. 48,037 shares of the company's stock were exchanged, compared to its average volume of 67,207. Mid Penn Bancorp, Inc. has a fifty-two week low of $20.03 and a fifty-two week high of $33.87. The stock has a market capitalization of $517.19 million, a P/E ratio of 9.21 and a beta of 0.65. The business has a fifty day moving average price of $26.82 and a 200-day moving average price of $28.46. 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 results on Wednesday, April 23rd. The financial services provider reported $0.72 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $47.75 million during the quarter, compared to analyst estimates of $47.20 million. Analysts predict that Mid Penn Bancorp, Inc. will post 3 EPS for the current fiscal year.
Mid Penn Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 26th. Investors of record on Thursday, May 8th were given a $0.20 dividend. The ex-dividend date was Thursday, May 8th. This represents a $0.80 annualized dividend and a yield of 2.99%. Mid Penn Bancorp's dividend payout ratio (DPR) is currently 27.78%.
Insiders Place Their Bets
In related news, Director Soto Matthew G. De bought 3,560 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was acquired at an average price of $28.10 per share, for a total transaction of $100,036.00. Following the transaction, the director now directly owns 108,138 shares of the company's stock, valued at $3,038,677.80. This represents a 3.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John E. Noone acquired 1,000 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were bought at an average cost of $28.23 per share, with a total value of $28,230.00. Following the completion of the acquisition, the director now owns 42,400 shares of the company's stock, valued at approximately $1,196,952. This trade represents a 2.42% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 8,705 shares of company stock worth $240,769 over the last 90 days. Corporate insiders own 8.10% of the company's stock.
Mid Penn Bancorp Profile
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Free Report)
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.
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