Banc Funds Co. LLC Purchases 50,000 Shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Banc Funds Co. LLC increased its position in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) by 13.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 412,552 shares of the financial services provider's stock after buying an additional 50,000 shares during the period. Mid Penn Bancorp comprises approximately 1.3% of Banc Funds Co. LLC's holdings, making the stock its 27th largest position. Banc Funds Co. LLC owned 2.13% of Mid Penn Bancorp worth $11,898,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Barclays PLC boosted its stake in Mid Penn Bancorp by 1.2% in the 4th quarter. Barclays PLC now owns 37,257 shares of the financial services provider's stock worth $1,074,000 after purchasing an additional 452 shares during the period. Rhumbline Advisers boosted its holdings in shares of Mid Penn Bancorp by 2.6% during the 4th quarter. Rhumbline Advisers now owns 24,386 shares of the financial services provider's stock valued at $703,000 after purchasing an additional 621 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Mid Penn Bancorp by 18.6% in the fourth quarter. SG Americas Securities LLC now owns 6,484 shares of the financial services provider's stock worth $187,000 after purchasing an additional 1,018 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Mid Penn Bancorp in the fourth quarter worth about $45,000. Finally, Empowered Funds LLC grew its holdings 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 valued at $1,069,000 after buying an additional 1,713 shares in the last quarter. 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, Director Soto Matthew G. De bought 2,575 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were acquired at an average price of $29.07 per share, with a total value of $74,855.25. Following the transaction, the director now owns 103,162 shares of the company's stock, valued at approximately $2,998,919.34. This trade represents a 2.56 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rory G. Ritrievi acquired 3,050 shares of Mid Penn Bancorp stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average cost of $30.05 per share, with a total value of $91,652.50. Following the purchase, the chief executive officer now directly owns 7,385 shares of the company's stock, valued at $221,919.25. This represents a 70.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 9,010 shares of company stock worth $266,495. 8.10% of the stock is currently owned by company insiders.

Mid Penn Bancorp Price Performance

Shares of MPB traded up $1.12 during mid-day trading on Tuesday, hitting $26.29. 39,160 shares of the stock were exchanged, compared to its average volume of 58,431. The firm has a 50-day moving average of $26.46 and a two-hundred day moving average of $29.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.95. The company has a market cap of $508.87 million, a PE ratio of 9.07 and a beta of 0.58. Mid Penn Bancorp, Inc. has a 52-week low of $19.75 and a 52-week high of $33.87.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share for the quarter, hitting the consensus estimate of $0.71. Mid Penn Bancorp had a return on equity of 8.43% and a net margin of 15.99%. On average, equities analysts predict that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current year.

Mid Penn Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.80 annualized dividend and a dividend yield of 3.04%. Mid Penn Bancorp's dividend payout ratio (DPR) is presently 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.