Mid Penn Bancorp, Inc. (NASDAQ:MPB) Director John E. Noone Acquires 1,000 Shares

Mid Penn Bancorp, Inc. (NASDAQ:MPB - Get Free Report) Director John E. Noone purchased 1,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $26.60 per share, for a total transaction of $26,600.00. Following the completion of the purchase, the director now directly owns 43,400 shares in the company, valued at $1,154,440. This represents a 2.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mid Penn Bancorp Stock Performance

Shares of NASDAQ:MPB traded down $0.28 during midday trading on Friday, hitting $26.62. The stock had a trading volume of 13,523 shares, compared to its average volume of 68,020. The company has a market capitalization of $515.16 million, a PE ratio of 9.19 and a beta of 0.65. The stock has a 50 day moving average price of $26.81 and a two-hundred day moving average price of $28.50. 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 1 year low of $20.03 and a 1 year high of $33.87.

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 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 analysts' expectations of $47.20 million. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%. As a group, equities analysts predict that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current fiscal year.

Mid Penn Bancorp Announces Dividend

The business also recently announced 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 of this dividend was Thursday, May 8th. This represents a $0.80 dividend on an annualized basis and a yield of 3.01%. Mid Penn Bancorp's payout ratio is 27.78%.

Institutional Investors Weigh In On Mid Penn Bancorp

Institutional investors have recently bought and sold shares of the business. Stonebridge Financial Group LLC purchased a new stake in 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 purchasing an additional 1,750 shares during the period. GAMMA Investing LLC boosted its stake in shares of Mid Penn Bancorp by 5,634.0% in the first quarter. GAMMA Investing LLC now owns 2,695 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 2,648 shares during the period. SG Americas Securities LLC boosted its stake in shares of Mid Penn Bancorp by 18.6% in the fourth 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 during the period. Finally, Mystic Asset Management Inc. purchased a new position in shares of Mid Penn Bancorp in the fourth quarter valued at $210,000. 43.11% of the stock is currently owned by hedge funds and other institutional investors.

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.