Mid Penn Bancorp (MPB) to Release Quarterly Earnings on Wednesday

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) is expected to release its Q2 2025 earnings data before the market opens on Wednesday, July 23rd. Analysts expect Mid Penn Bancorp to post earnings of $0.69 per share and revenue of $54.20 million for the quarter.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.10. The business 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 16.36% and a return on equity of 8.23%. On average, analysts expect Mid Penn Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Mid Penn Bancorp Stock Performance

MPB traded down $0.05 during mid-day trading on Friday, reaching $28.95. 90,741 shares of the company traded hands, compared to its average volume of 73,614. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $560.47 million, a P/E ratio of 10.05 and a beta of 0.64. Mid Penn Bancorp has a 52-week low of $22.50 and a 52-week high of $33.87. The company's fifty day moving average price is $27.84 and its 200-day moving average price is $27.72.

Mid Penn Bancorp Announces Dividend

The company 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. This represents a $0.80 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, May 8th. Mid Penn Bancorp's dividend payout ratio is currently 27.78%.

Insider Transactions at Mid Penn Bancorp

In other Mid Penn Bancorp news, Director Soto Matthew G. De purchased 3,560 shares of Mid Penn Bancorp stock in a transaction dated 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 completion of the transaction, the director owned 108,138 shares in the company, valued at approximately $3,038,677.80. This trade represents a 3.40% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John E. Noone acquired 1,000 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were bought 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 directly owned 43,400 shares of the company's stock, 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. In the last ninety days, insiders purchased 9,586 shares of company stock valued at $265,659. 8.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Mid Penn Bancorp

Several hedge funds have recently modified their holdings of the company. Empowered Funds LLC raised its holdings in Mid Penn Bancorp by 55.2% in the 1st quarter. Empowered Funds LLC now owns 57,505 shares of the financial services provider's stock valued at $1,490,000 after acquiring an additional 20,442 shares during the last quarter. AQR Capital Management LLC raised its holdings in Mid Penn Bancorp by 107.5% in the 1st quarter. AQR Capital Management LLC now owns 22,730 shares of the financial services provider's stock valued at $589,000 after acquiring an additional 11,774 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Mid Penn Bancorp by 21.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,361 shares of the financial services provider's stock valued at $268,000 after acquiring an additional 1,796 shares during the last quarter. 43.11% of the stock is 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.