BNP Paribas Financial Markets Reduces Holdings in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

BNP Paribas Financial Markets lessened its stake in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) by 84.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,905 shares of the financial services provider's stock after selling 10,223 shares during the period. BNP Paribas Financial Markets' holdings in Mid Penn Bancorp were worth $55,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MPB. SG Americas Securities LLC increased its holdings in shares of 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 buying an additional 1,018 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Mid Penn Bancorp by 4.8% in the 4th quarter. Empowered Funds LLC now owns 37,063 shares of the financial services provider's stock worth $1,069,000 after buying an additional 1,713 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Mid Penn Bancorp in the 4th quarter worth $45,000. Rhumbline Advisers increased its holdings in shares of Mid Penn Bancorp by 2.6% in the 4th quarter. Rhumbline Advisers now owns 24,386 shares of the financial services provider's stock worth $703,000 after buying an additional 621 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 worth $2,153,000 after buying an additional 12,297 shares during the last quarter. Institutional investors own 43.11% of the company's stock.

Insider Buying and Selling at Mid Penn Bancorp

In related news, Director Soto Matthew G. De bought 1,875 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average cost of $26.66 per share, with a total value of $49,987.50. Following the transaction, the director now owns 110,013 shares in the company, valued at approximately $2,932,946.58. This trade represents a 1.73% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John E. Noone bought 1,000 shares of the company's stock in a transaction dated Monday, April 28th. The stock was bought at an average cost of $28.18 per share, with a total value of $28,180.00. Following the completion of the transaction, the director now owns 41,400 shares in the company, valued at approximately $1,166,652. This trade represents a 2.48% increase in their position. The disclosure for this purchase can be found here. Insiders bought 8,705 shares of company stock valued at $240,769 in the last quarter. Company insiders own 8.10% of the company's stock.

Mid Penn Bancorp Trading Down 2.4%

Shares of Mid Penn Bancorp stock traded down $0.63 during trading on Wednesday, reaching $26.04. The company's stock had a trading volume of 47,700 shares, compared to its average volume of 67,222. Mid Penn Bancorp, Inc. has a 52-week low of $20.03 and a 52-week high of $33.87. The company has a market cap of $504.03 million, a price-to-earnings ratio of 8.98 and a beta of 0.65. The firm's 50-day moving average is $26.83 and its two-hundred day moving average is $28.36. 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 announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, sell-side analysts anticipate that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current year.

Mid Penn Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 26th. Shareholders of record on Thursday, May 8th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.80 annualized dividend and a yield of 3.07%. Mid Penn Bancorp's payout ratio is currently 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.