FJ Capital Management LLC Takes Position in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

FJ Capital Management LLC acquired a new position in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 389,845 shares of the financial services provider's stock, valued at approximately $11,243,000. Mid Penn Bancorp comprises about 1.3% of FJ Capital Management LLC's investment portfolio, making the stock its 27th largest holding. FJ Capital Management LLC owned 2.01% of Mid Penn Bancorp as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Barclays PLC boosted its holdings in Mid Penn Bancorp by 61.3% in the third quarter. Barclays PLC now owns 36,805 shares of the financial services provider's stock worth $1,098,000 after purchasing an additional 13,986 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Mid Penn Bancorp by 28.9% during the third quarter. JPMorgan Chase & Co. now owns 62,542 shares of the financial services provider's stock worth $1,866,000 after purchasing an additional 14,009 shares during the period. SG Americas Securities LLC increased its stake in Mid Penn Bancorp by 18.6% during the 4th quarter. SG Americas Securities LLC now owns 6,484 shares of the financial services provider's stock valued at $187,000 after purchasing an additional 1,018 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Mid Penn Bancorp by 4.8% during the 4th quarter. Empowered Funds LLC now owns 37,063 shares of the financial services provider's stock valued at $1,069,000 after buying an additional 1,713 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in Mid Penn Bancorp during the fourth quarter worth about $45,000. 43.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mid Penn Bancorp news, Director John E. Noone bought 1,000 shares of the company's stock in a transaction dated 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 acquisition, the director now owns 41,400 shares in the company, valued at approximately $1,166,652. This represents a 2.48% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rory G. Ritrievi acquired 3,365 shares of the firm's stock in a transaction on Friday, February 14th. The shares were bought at an average price of $29.56 per share, for a total transaction of $99,469.40. Following the completion of the transaction, the chief executive officer now owns 10,750 shares of the company's stock, valued at approximately $317,770. This trade represents a 45.57% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 4,385 shares of company stock valued at $128,168 in the last 90 days. 8.10% of the stock is owned by insiders.

Mid Penn Bancorp Stock Performance

Shares of Mid Penn Bancorp stock traded down $0.54 on Wednesday, hitting $28.17. 56,351 shares of the company's stock were exchanged, compared to its average volume of 93,368. The stock has a market capitalization of $545.26 million, a PE ratio of 9.71 and a beta of 0.65. Mid Penn Bancorp, Inc. has a 1 year low of $20.03 and a 1 year high of $33.87. The company has a 50-day simple moving average of $26.41 and a 200-day simple moving average of $28.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.95.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last posted its 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 net margin of 15.99% and a return on equity of 8.43%. The company had revenue of $47.75 million for the quarter, compared to analysts' expectations of $47.20 million. As a group, equities analysts anticipate that Mid Penn Bancorp, Inc. will post 3 EPS for the current year.

Mid Penn Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 26th. Investors of record on Thursday, May 8th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.84%. Mid Penn Bancorp's dividend payout ratio (DPR) is presently 27.78%.

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.