Mid Penn Bancorp, Inc. (NASDAQ:MPB) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its position in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) by 120.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,902 shares of the financial services provider's stock after buying an additional 10,335 shares during the period. D. E. Shaw & Co. Inc. owned about 0.10% of Mid Penn Bancorp worth $545,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MPB. Stonebridge Financial Group LLC acquired a new stake in shares of Mid Penn Bancorp in the fourth quarter valued at about $45,000. Emerald Advisers LLC boosted its holdings in Mid Penn Bancorp by 261.6% in the 4th quarter. Emerald Advisers LLC now owns 2,419 shares of the financial services provider's stock worth $70,000 after buying an additional 1,750 shares during the last quarter. SG Americas Securities LLC increased its stake in 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 worth $187,000 after buying an additional 1,018 shares in the last quarter. Mystic Asset Management Inc. purchased a new stake in Mid Penn Bancorp during the 4th quarter worth approximately $210,000. Finally, Semanteon Capital Management LP acquired a new position in shares of Mid Penn Bancorp during the fourth quarter valued at approximately $228,000. Institutional investors and hedge funds own 43.11% of the company's stock.

Insider Buying and Selling

In other Mid Penn Bancorp news, Director Soto Matthew G. De acquired 3,560 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were purchased at an average cost of $28.10 per share, for a total transaction of $100,036.00. Following the completion of the acquisition, the director now owns 108,138 shares of the company's stock, valued at approximately $3,038,677.80. The trade was a 3.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John E. Noone bought 1,000 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was bought at an average cost of $28.23 per share, for a total transaction of $28,230.00. Following the transaction, the director now directly owns 42,400 shares of the company's stock, valued at $1,196,952. The trade was a 2.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 8,705 shares of company stock worth $240,769. 8.10% of the stock is owned by corporate insiders.

Mid Penn Bancorp Price Performance

Shares of NASDAQ:MPB traded down $0.10 during trading on Friday, reaching $26.80. The stock had a trading volume of 6,838 shares, compared to its average volume of 91,379. 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 1-year low of $20.03 and a 1-year high of $33.87. The stock has a market cap of $518.64 million, a PE ratio of 9.24 and a beta of 0.65. The business has a fifty day moving average price of $26.81 and a 200-day moving average price of $28.50.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.10. The business 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 analysts forecast that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current fiscal 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 issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.99%. Mid Penn Bancorp's dividend payout ratio is presently 27.78%.

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.