Mid Penn Bancorp, Inc. (NASDAQ:MPB) Director Soto Matthew G. De purchased 2,299 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were bought at an average cost of $24.49 per share, with a total value of $56,302.51.
MPB opened at $24.49 on Friday. The company has a market capitalization of $207.65 million, a price-to-earnings ratio of 11.72 and a beta of 0.63. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43. Mid Penn Bancorp, Inc. has a 12-month low of $21.51 and a 12-month high of $29.88. The business’s fifty day simple moving average is $27.08 and its 200-day simple moving average is $25.98.
Mid Penn Bancorp (NASDAQ:MPB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.05). Mid Penn Bancorp had a net margin of 16.40% and a return on equity of 7.66%. The firm had revenue of $22.00 million during the quarter. On average, equities research analysts predict that Mid Penn Bancorp, Inc. will post 1.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Tuesday, February 4th. Mid Penn Bancorp’s dividend payout ratio (DPR) is 34.45%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Mid Penn Bancorp by 79.2% during the 2nd quarter. Vanguard Group Inc. now owns 144,943 shares of the financial services provider’s stock valued at $3,616,000 after acquiring an additional 64,058 shares in the last quarter. State Street Corp increased its holdings in shares of Mid Penn Bancorp by 13.3% in the third quarter. State Street Corp now owns 99,066 shares of the financial services provider’s stock valued at $2,539,000 after purchasing an additional 11,594 shares during the period. Rhumbline Advisers raised its stake in shares of Mid Penn Bancorp by 10.0% during the third quarter. Rhumbline Advisers now owns 9,016 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 823 shares during the last quarter. Northern Trust Corp raised its stake in shares of Mid Penn Bancorp by 11.5% during the second quarter. Northern Trust Corp now owns 56,041 shares of the financial services provider’s stock worth $1,398,000 after purchasing an additional 5,786 shares during the last quarter. Finally, Strs Ohio raised its stake in shares of Mid Penn Bancorp by 307.1% during the fourth quarter. Strs Ohio now owns 5,700 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 4,300 shares during the last quarter. 18.93% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently issued reports on the company. ValuEngine lowered Mid Penn Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Zacks Investment Research downgraded Mid Penn Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 4th.
Mid Penn Bancorp Company 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 IRAs.
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