Geode Capital Management LLC lifted its stake in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 379,639 shares of the financial services provider's stock after buying an additional 29,264 shares during the quarter. Geode Capital Management LLC owned about 1.96% of Mid Penn Bancorp worth $10,952,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of MPB. Stonebridge Financial Group LLC acquired a new stake in shares of Mid Penn Bancorp in the 4th quarter worth about $45,000. Emerald Advisers LLC raised its holdings in shares of Mid Penn Bancorp by 261.6% in the 4th quarter. Emerald Advisers LLC now owns 2,419 shares of the financial services provider's stock worth $70,000 after acquiring an additional 1,750 shares during the last quarter. SG Americas Securities LLC raised 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 acquiring an additional 1,018 shares during the last quarter. Mystic Asset Management Inc. acquired a new stake in shares of Mid Penn Bancorp in the 4th quarter worth about $210,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of Mid Penn Bancorp in the 4th quarter worth about $228,000. Institutional investors and hedge funds own 43.11% of the company's stock.
Mid Penn Bancorp Stock Up 2.9 %
NASDAQ:MPB traded up $0.80 on Monday, hitting $28.57. The stock had a trading volume of 164,690 shares, compared to its average volume of 60,569. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a market cap of $553.00 million, a P/E ratio of 9.85 and a beta of 0.58. Mid Penn Bancorp, Inc. has a 1 year low of $19.75 and a 1 year high of $33.87. The firm's fifty day simple moving average is $26.26 and its two-hundred day simple moving average is $28.99.
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 EPS for the quarter, beating the consensus estimate of $0.62 by $0.10. The firm had revenue of $47.75 million during the quarter, compared to analyst estimates of $47.20 million. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%. Analysts predict that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current year.
Mid Penn Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, May 26th. Stockholders of record on Thursday, May 8th will be paid 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 2.80%. Mid Penn Bancorp's payout ratio is currently 27.78%.
Insider Transactions at Mid Penn Bancorp
In other news, Director Soto Matthew G. De purchased 2,575 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $29.07 per share, with a total value of $74,855.25. Following the acquisition, the director now directly owns 103,162 shares in the company, valued at approximately $2,998,919.34. This trade represents a 2.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rory G. Ritrievi purchased 3,365 shares of the business's stock in a transaction on Friday, February 14th. The stock was purchased at an average cost of $29.56 per share, with a total value of $99,469.40. Following the completion of the acquisition, the chief executive officer now owns 10,750 shares in the company, 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 purchased a total of 5,960 shares of company stock worth $174,843 in the last quarter. Insiders own 8.10% of the company's stock.
Mid Penn Bancorp Company 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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