Mid Penn Bancorp, Inc. (NASDAQ:MPB) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its position in Mid Penn Bancorp, Inc. (NASDAQ:MPB) by 2.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,386 shares of the financial services provider’s stock after buying an additional 621 shares during the quarter. Rhumbline Advisers owned about 0.15% of Mid Penn Bancorp worth $703,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of Mid Penn Bancorp by 18.6% during the fourth 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 period. Stonebridge Financial Group LLC acquired a new position in Mid Penn Bancorp during the 4th quarter worth approximately $45,000. Empowered Funds LLC increased its position in 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 worth $1,069,000 after purchasing an additional 1,713 shares during the period. Martingale Asset Management L P raised its stake in shares of Mid Penn Bancorp by 12.0% during the 3rd quarter. Martingale Asset Management L P now owns 42,502 shares of the financial services provider’s stock worth $1,268,000 after buying an additional 4,550 shares in the last quarter. Finally, De Lisle Partners LLP lifted its holdings in shares of Mid Penn Bancorp by 14.6% in the 3rd quarter. De Lisle Partners LLP now owns 61,263 shares of the financial services provider’s stock valued at $1,826,000 after buying an additional 7,787 shares during the period. Hedge funds and other institutional investors own 43.11% of the company’s stock.

Insider Transactions at Mid Penn Bancorp

In other Mid Penn Bancorp news, CEO Rory G. Ritrievi bought 3,050 shares of the company’s stock in a transaction on Monday, January 27th. The stock was purchased at an average cost of $30.05 per share, for a total transaction of $91,652.50. Following the acquisition, the chief executive officer now owns 7,385 shares of the company’s stock, valued at $221,919.25. The trade was a 70.36 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Soto Matthew G. De purchased 2,575 shares of Mid Penn Bancorp stock in a transaction on Tuesday, February 4th. The stock was acquired at an average cost of $29.07 per share, for a total transaction of $74,855.25. Following the acquisition, the director now directly owns 103,162 shares of the company’s stock, valued at approximately $2,998,919.34. This represents a 2.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 9,007 shares of company stock valued at $266,467 in the last quarter. 10.70% of the stock is currently owned by corporate insiders.

Mid Penn Bancorp Trading Down 0.7 %

Shares of MPB stock opened at $26.93 on Friday. The business’s fifty day moving average price is $28.99 and its 200 day moving average price is $29.95. The firm has a market capitalization of $521.26 million, a PE ratio of 9.29 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.94. Mid Penn Bancorp, Inc. has a 1-year low of $19.20 and a 1-year high of $33.87.

Mid Penn Bancorp (NASDAQ:MPB) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.71. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%. As a group, sell-side analysts forecast that Mid Penn Bancorp, Inc. will post 3 EPS for the current fiscal year.

Mid Penn Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were given a dividend of $0.20 per share. The ex-dividend date was Friday, February 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.97%. Mid Penn Bancorp’s payout ratio is 27.59%.

Mid Penn Bancorp 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.