Northern Trust Corp Has $4.10 Million Stock Holdings in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Northern Trust Corp grew its position in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,242 shares of the financial services provider's stock after acquiring an additional 13,044 shares during the period. Northern Trust Corp owned 0.73% of Mid Penn Bancorp worth $4,102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MPB. Wellington Management Group LLP grew its holdings in Mid Penn Bancorp by 127.4% during the 4th quarter. Wellington Management Group LLP now owns 1,452,177 shares of the financial services provider's stock worth $41,881,000 after acquiring an additional 813,583 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Mid Penn Bancorp by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 962,636 shares of the financial services provider's stock worth $27,762,000 after purchasing an additional 141,756 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Mid Penn Bancorp by 62.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 344,453 shares of the financial services provider's stock valued at $9,934,000 after purchasing an additional 132,814 shares during the last quarter. Boston Partners bought a new stake in shares of Mid Penn Bancorp during the fourth quarter valued at approximately $2,630,000. Finally, North Reef Capital Management LP acquired a new stake in shares of Mid Penn Bancorp in the fourth quarter valued at approximately $2,336,000. 43.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mid Penn Bancorp

In other Mid Penn Bancorp news, Director John E. Noone bought 1,000 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was bought at an average price of $28.23 per share, for a total transaction of $28,230.00. Following the transaction, the director now owns 42,400 shares of the company's stock, valued at approximately $1,196,952. The trade was a 2.42% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Soto Matthew G. De purchased 1,875 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $26.66 per share, for a total transaction of $49,987.50. Following the purchase, the director now owns 110,013 shares in the company, valued at $2,932,946.58. This trade represents a 1.73% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 8,705 shares of company stock worth $240,769. Company insiders own 8.10% of the company's stock.

Mid Penn Bancorp Trading Down 1.5%

NASDAQ:MPB traded down $0.40 during trading hours on Wednesday, hitting $26.87. 58,363 shares of the stock were exchanged, compared to its average volume of 68,110. The company has a market capitalization of $520.10 million, a P/E ratio of 9.27 and a beta of 0.65. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $26.79 and its two-hundred day moving average is $28.55. Mid Penn Bancorp, Inc. has a twelve month low of $20.03 and a twelve month high of $33.87.

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 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 the consensus estimate of $47.20 million. On average, sell-side analysts anticipate that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current fiscal year.

Mid Penn Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 26th. Shareholders of record on Thursday, May 8th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, May 8th. This represents a $0.80 annualized dividend and a yield of 2.98%. 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.