Curi RMB Capital LLC Purchases Shares of 65,992 Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Curi RMB Capital LLC acquired a new stake in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 65,992 shares of the financial services provider's stock, valued at approximately $1,903,000. Curi RMB Capital LLC owned approximately 0.34% of Mid Penn Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in Mid Penn Bancorp during the fourth quarter worth about $45,000. Emerald Advisers LLC boosted its position in shares of Mid Penn Bancorp by 261.6% during the fourth quarter. Emerald Advisers LLC now owns 2,419 shares of the financial services provider's stock worth $70,000 after purchasing an additional 1,750 shares in 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 acquiring an additional 1,018 shares in the last quarter. Mystic Asset Management Inc. acquired a new position in shares of Mid Penn Bancorp in the fourth quarter valued at approximately $210,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of Mid Penn Bancorp in the 4th quarter valued at about $228,000. 43.11% of the stock is owned by institutional investors.

Insider Activity at Mid Penn Bancorp

In other news, CEO Rory G. Ritrievi bought 3,365 shares of the firm's stock in a transaction on Friday, February 14th. The stock was acquired at an average price of $29.56 per share, with a total value of $99,469.40. Following the transaction, the chief executive officer now owns 10,750 shares of the company's stock, valued at $317,770. This trade represents a 45.57 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Soto Matthew G. De acquired 2,575 shares of the stock in a transaction dated Tuesday, February 4th. The stock was bought at an average price of $29.07 per share, with a total value of $74,855.25. Following the purchase, the director now directly owns 103,162 shares in the company, valued at $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 purchased a total of 9,010 shares of company stock valued at $266,495 over the last quarter. 8.10% of the stock is owned by corporate insiders.

Mid Penn Bancorp Stock Up 2.9 %

Shares of NASDAQ MPB traded up $0.77 during mid-day trading on Wednesday, hitting $27.05. The company had a trading volume of 136,530 shares, compared to its average volume of 59,192. The company has a market capitalization of $523.58 million, a PE ratio of 9.33 and a beta of 0.58. Mid Penn Bancorp, Inc. has a one year low of $19.75 and a one year high of $33.87. The firm has a 50-day simple moving average of $26.35 and a two-hundred day simple moving average of $29.01. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.10. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%. On average, equities analysts expect that Mid Penn Bancorp, Inc. will post 3 EPS for the current year.

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.