Mid Penn Bancorp (MPB) to Release Earnings on Wednesday

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) is projected to post its Q2 2025 quarterly earnings results 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 issued 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 company had revenue of $47.75 million for the quarter, compared to the consensus estimate of $47.20 million. Mid Penn Bancorp had a return on equity of 8.23% and a net margin of 16.36%. 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 Down 0.3%

Shares of NASDAQ MPB traded down $0.08 during trading hours on Thursday, hitting $29.00. The stock had a trading volume of 39,651 shares, compared to its average volume of 72,998. The company has a market capitalization of $561.34 million, a P/E ratio of 10.06 and a beta of 0.64. The firm's 50-day moving average price is $27.82 and its two-hundred day moving average price is $27.72. Mid Penn Bancorp has a 52 week low of $22.50 and a 52 week high of $33.87. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 0.96.

Mid Penn Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 26th. Investors of record on Thursday, May 8th were paid a $0.20 dividend. The ex-dividend date was Thursday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.76%. Mid Penn Bancorp's payout ratio is 27.78%.

Insider Activity at Mid Penn Bancorp

In other news, Director John E. Noone purchased 1,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $26.60 per share, with a total value of $26,600.00. Following the purchase, the director owned 43,400 shares in the company, valued at $1,154,440. This represents a 2.36% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Soto Matthew G. De purchased 1,875 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $26.66 per share, with a total value of $49,987.50. Following the purchase, the director owned 110,013 shares in the company, valued at $2,932,946.58. This represents a 1.73% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 9,586 shares of company stock valued at $265,659. 8.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mid Penn Bancorp

Large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Mid Penn Bancorp by 21.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,361 shares of the financial services provider's stock worth $268,000 after purchasing an additional 1,796 shares during the period. AQR Capital Management LLC boosted its position in shares of Mid Penn Bancorp by 107.5% in the first 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 period. Finally, Empowered Funds LLC boosted its position in shares of Mid Penn Bancorp by 55.2% in the first 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 period. Institutional investors own 43.11% of the company's stock.

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.