Jefferies Financial Group Inc. Invests $252,000 in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Jefferies Financial Group Inc. purchased a new position in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,750 shares of the financial services provider’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in shares of Mid Penn Bancorp during the fourth quarter worth about $45,000. Emerald Advisers LLC increased its position in Mid Penn Bancorp by 261.6% during the 4th 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. SG Americas Securities LLC increased its position in Mid Penn Bancorp by 18.6% during the 4th 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. Mystic Asset Management Inc. acquired a new stake in Mid Penn Bancorp during the 4th quarter valued at approximately $210,000. Finally, Semanteon Capital Management LP acquired a new stake in Mid Penn Bancorp during the 4th quarter valued at approximately $228,000. 43.11% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Mid Penn Bancorp news, Director John E. Noone purchased 1,000 shares of the business’s stock in a transaction on Monday, April 28th. The shares were purchased at an average cost of $28.18 per share, for a total transaction of $28,180.00. Following the acquisition, the director now owns 41,400 shares of the company’s stock, valued at approximately $1,166,652. This represents a 2.48% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.10% of the company’s stock.

Mid Penn Bancorp Stock Performance

NASDAQ:MPB opened at $28.14 on Friday. The company has a market capitalization of $544.68 million, a PE ratio of 9.70 and a beta of 0.65. The company has a 50 day simple moving average of $26.55 and a two-hundred day simple moving average of $28.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.95. Mid Penn Bancorp, Inc. has a fifty-two week low of $20.03 and a fifty-two week high of $33.87.

Mid Penn Bancorp (NASDAQ:MPB) last released 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 the consensus estimate of $47.20 million. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%. Research analysts anticipate that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current year.

Mid Penn Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 26th. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, May 8th. Mid Penn Bancorp’s payout ratio is 27.78%.

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 individual retirement accounts.