Squarepoint Ops LLC Acquires New Position in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Squarepoint Ops LLC purchased a new stake in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,319 shares of the financial services provider's stock, valued at approximately $499,000. Squarepoint Ops LLC owned 0.09% of Mid Penn Bancorp at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Citadel Advisors LLC bought a new stake in Mid Penn Bancorp during the fourth quarter worth $864,000. Rhumbline Advisers grew its stake in shares of Mid Penn Bancorp by 2.6% in the fourth quarter. Rhumbline Advisers now owns 24,386 shares of the financial services provider's stock valued at $703,000 after acquiring an additional 621 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mid Penn Bancorp in the fourth quarter valued at about $1,289,000. D. E. Shaw & Co. Inc. grew its stake in shares of Mid Penn Bancorp by 120.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 18,902 shares of the financial services provider's stock valued at $545,000 after acquiring an additional 10,335 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Mid Penn Bancorp by 115.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 19,654 shares of the financial services provider's stock worth $567,000 after buying an additional 10,540 shares in the last quarter. 43.11% of the stock is owned by institutional investors.

Mid Penn Bancorp Price Performance

Mid Penn Bancorp stock traded up $0.57 during trading hours on Friday, reaching $26.53. 70,570 shares of the stock were exchanged, compared to its average volume of 67,345. The company has a market cap of $513.51 million, a P/E ratio of 9.15 and a beta of 0.63. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. Mid Penn Bancorp, Inc. has a twelve month low of $20.03 and a twelve month high of $33.87. The stock has a 50 day moving average of $26.85 and a two-hundred day moving average of $28.23.

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, topping analysts' consensus estimates 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 net margin of 15.99% and a return on equity of 8.43%. Equities analysts expect that Mid Penn Bancorp, Inc. will post 3 EPS for the current fiscal year.

Mid Penn Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 26th. Investors of record on Thursday, May 8th were issued a $0.20 dividend. The ex-dividend date was Thursday, May 8th. This represents a $0.80 dividend on an annualized basis and a yield of 3.02%. Mid Penn Bancorp's dividend payout ratio (DPR) is presently 27.78%.

Insider Activity at Mid Penn Bancorp

In other news, Director Soto Matthew G. De acquired 3,560 shares of the business's stock in a transaction on Friday, May 16th. The shares were purchased at an average cost of $28.10 per share, with a total value of $100,036.00. Following the acquisition, the director now directly owns 108,138 shares of the company's stock, valued at $3,038,677.80. The trade was a 3.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John E. Noone acquired 1,000 shares of the business's stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of $26.60 per share, for a total transaction of $26,600.00. Following the completion of the acquisition, the director now directly owns 43,400 shares in the company, valued at approximately $1,154,440. The trade was a 2.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 8,705 shares of company stock worth $240,769 in the last quarter. 8.10% of the stock is owned by insiders.

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.