Two Sigma Investments LP Purchases 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% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,801 shares of the financial services provider's stock after acquiring an additional 25,170 shares during the quarter. Two Sigma Investments LP owned about 0.30% of Mid Penn Bancorp worth $1,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP raised its position in Mid Penn Bancorp by 127.4% in the fourth 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 in the last quarter. Vanguard Group Inc. raised its holdings in Mid Penn Bancorp by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 962,636 shares of the financial services provider's stock worth $27,762,000 after buying an additional 141,756 shares during the period. Dimensional Fund Advisors LP raised its holdings in Mid Penn Bancorp by 6.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 475,533 shares of the financial services provider's stock worth $13,714,000 after buying an additional 29,400 shares during the period. Banc Funds Co. LLC raised its holdings in Mid Penn Bancorp by 13.8% during the 4th quarter. Banc Funds Co. LLC now owns 412,552 shares of the financial services provider's stock worth $11,898,000 after buying an additional 50,000 shares during the period. Finally, FJ Capital Management LLC acquired a new stake in Mid Penn Bancorp during the 4th quarter worth about $11,243,000. 43.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mid Penn Bancorp

In other Mid Penn Bancorp news, Director John E. Noone bought 1,000 shares of the stock in a transaction 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 purchase, the director now directly owns 42,400 shares in the company, valued at $1,196,952. The trade was a 2.42% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Soto Matthew G. De bought 1,875 shares of the stock in a transaction on Friday, May 23rd. The shares were acquired 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 approximately $2,932,946.58. This represents a 1.73% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,705 shares of company stock valued at $240,769 in the last 90 days. 8.10% of the stock is currently owned by corporate insiders.

Mid Penn Bancorp Trading Down 2.4%

NASDAQ MPB traded down $0.63 on Wednesday, hitting $26.04. 47,700 shares of the company were exchanged, compared to its average volume of 67,222. The company's 50 day moving average price is $26.83 and its 200-day moving average price is $28.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a market capitalization of $504.03 million, a P/E ratio of 8.98 and a beta of 0.65. 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 posted its quarterly earnings data 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. The firm had revenue of $47.75 million for the quarter, compared to the consensus estimate of $47.20 million. Mid Penn Bancorp had a return on equity of 8.43% and a net margin of 15.99%. Analysts predict that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current fiscal year.

Mid Penn Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 26th. Shareholders of record on Thursday, May 8th were paid 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 3.07%. Mid Penn Bancorp's dividend payout ratio (DPR) 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.