Mid Penn Bancorp, Inc. (NASDAQ:MPB) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) by 84.3% in the fourth quarter, according to its most recent disclosure 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 quarter. BNP Paribas Financial Markets' holdings in Mid Penn Bancorp were worth $55,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. acquired a new position in Mid Penn Bancorp during the fourth quarter worth $395,000. Alyeska Investment Group L.P. acquired a new position in Mid Penn Bancorp during the fourth quarter worth $2,163,000. Emerald Mutual Fund Advisers Trust boosted its stake in Mid Penn Bancorp by 44.6% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 156,338 shares of the financial services provider's stock worth $4,509,000 after buying an additional 48,250 shares during the last quarter. Northern Trust Corp boosted its stake in Mid Penn Bancorp by 10.1% during the fourth quarter. Northern Trust Corp now owns 142,242 shares of the financial services provider's stock worth $4,102,000 after buying an additional 13,044 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in 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 worth $9,934,000 after buying an additional 132,814 shares during the last quarter. 43.11% of the stock is currently owned by hedge funds and other institutional investors.

Mid Penn Bancorp Trading Up 2.2%

NASDAQ:MPB traded up $0.57 on Friday, reaching $26.53. The company's stock had a trading volume of 70,570 shares, compared to its average volume of 67,134. Mid Penn Bancorp, Inc. has a 12-month low of $20.03 and a 12-month high of $33.87. 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 firm has a market cap of $513.51 million, a price-to-earnings ratio of 9.15 and a beta of 0.63. The stock has a 50 day moving average price of $26.84 and a 200 day moving average price of $28.31.

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, beating the consensus estimate 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 firm had revenue of $47.75 million for the quarter, compared to the consensus estimate of $47.20 million. On average, equities analysts anticipate that Mid Penn Bancorp, Inc. will post 3 EPS 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. Shareholders of record on Thursday, May 8th were issued 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 3.02%. Mid Penn Bancorp's dividend payout ratio (DPR) is 27.78%.

Insiders Place Their Bets

In other Mid Penn Bancorp news, Director Soto Matthew G. De acquired 1,875 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $26.66 per share, for a total transaction of $49,987.50. Following the acquisition, the director now owns 110,013 shares in the company, valued at $2,932,946.58. The trade was a 1.73% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John E. Noone acquired 1,000 shares of the company's stock in a transaction dated Monday, April 28th. The stock was acquired at an average price of $28.18 per share, for a total transaction of $28,180.00. Following the acquisition, the director now owns 41,400 shares in the company, valued at approximately $1,166,652. The trade was a 2.48% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 8,705 shares of company stock worth $240,769 in the last quarter. 8.10% of the stock is owned by company insiders.

About Mid Penn Bancorp

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.