Two Sigma Investments LP Buys 25,170 Shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Two Sigma Investments LP boosted its holdings in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) by 74.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 58,801 shares of the financial services provider's stock after buying an additional 25,170 shares during the period. Two Sigma Investments LP owned 0.30% of Mid Penn Bancorp worth $1,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stonebridge Financial Group LLC bought a new position in shares of Mid Penn Bancorp in the fourth quarter worth about $45,000. Emerald Advisers LLC lifted 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 purchasing an additional 1,750 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Mid Penn Bancorp by 18.6% in the 4th quarter. SG Americas Securities LLC now owns 6,484 shares of the financial services provider's stock worth $187,000 after purchasing an additional 1,018 shares in the last quarter. Mystic Asset Management Inc. bought a new position in Mid Penn Bancorp in the 4th quarter worth approximately $210,000. Finally, Semanteon Capital Management LP bought a new position in Mid Penn Bancorp in the 4th quarter worth approximately $228,000. 43.11% of the stock is owned by institutional investors.

Insider Activity

In other Mid Penn Bancorp news, Director John E. Noone purchased 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were bought at an average price of $28.23 per share, with a total value of $28,230.00. Following the completion of the purchase, the director now directly owns 42,400 shares in the company, valued at $1,196,952. This trade represents a 2.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Soto Matthew G. De acquired 3,560 shares of the company's stock in a transaction on Friday, May 16th. The stock was acquired at an average cost of $28.10 per share, with a total value of $100,036.00. Following the completion of the purchase, the director now directly owns 108,138 shares in the company, valued at approximately $3,038,677.80. This represents a 3.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 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 Price Performance

Shares of Mid Penn Bancorp stock traded up $0.57 on Friday, hitting $26.53. 70,570 shares of the company traded hands, compared to its average volume of 67,134. Mid Penn Bancorp, Inc. has a 52 week low of $20.03 and a 52 week high of $33.87. The business has a 50-day simple moving average of $26.84 and a 200 day simple moving average of $28.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a market capitalization of $513.51 million, a P/E ratio of 9.15 and a beta of 0.63.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.10. The company had revenue of $47.75 million during the quarter, compared to analysts' expectations of $47.20 million. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%. Research analysts expect that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current fiscal year.

Mid Penn Bancorp Dividend Announcement

The business 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. This represents a $0.80 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Thursday, May 8th. Mid Penn Bancorp's dividend payout ratio (DPR) is presently 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.