Squarepoint Ops LLC bought a new position in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 quarter.
Other hedge funds have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in shares of Mid Penn Bancorp during the fourth quarter worth approximately $45,000. Emerald Advisers LLC boosted its stake in shares of Mid Penn Bancorp by 261.6% in the fourth quarter. Emerald Advisers LLC now owns 2,419 shares of the financial services provider's stock valued at $70,000 after buying an additional 1,750 shares during the period. SG Americas Securities LLC grew its position in Mid Penn Bancorp by 18.6% during the fourth 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 in the last quarter. Mystic Asset Management Inc. acquired a new stake in Mid Penn Bancorp during the fourth quarter worth approximately $210,000. Finally, Semanteon Capital Management LP bought a new position in Mid Penn Bancorp during the 4th quarter worth $228,000. 43.11% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Mid Penn Bancorp
In other Mid Penn Bancorp news, Director John E. Noone bought 1,000 shares of the firm's stock in a transaction on Monday, April 28th. The shares were purchased at an average price of $28.18 per share, for a total transaction of $28,180.00. Following the completion of the transaction, the director now directly owns 41,400 shares in the company, valued at approximately $1,166,652. The trade was a 2.48% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Soto Matthew G. De bought 3,560 shares of the stock in a transaction on Friday, May 16th. The shares were acquired at an average cost of $28.10 per share, with a total value of $100,036.00. Following the purchase, the director now owns 108,138 shares of the company's stock, valued at approximately $3,038,677.80. This represents a 3.40% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 8,705 shares of company stock valued at $240,769. Company insiders own 8.10% of the company's stock.
Mid Penn Bancorp Price Performance
NASDAQ MPB traded up $0.57 during midday trading on Friday, hitting $26.53. The company had a trading volume of 70,570 shares, compared to its average volume of 66,971. The firm has a 50-day moving average price of $26.84 and a 200-day moving average price of $28.31. The company has a market capitalization of $513.51 million, a PE 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.
Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.72 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $47.75 million during the quarter, compared to the consensus estimate of $47.20 million. As a group, analysts anticipate that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current fiscal year.
Mid Penn Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 26th. Stockholders of record on Thursday, May 8th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, May 8th. Mid Penn Bancorp's payout ratio is presently 27.78%.
Mid Penn Bancorp Profile
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Free Report)
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.
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