JPMorgan Chase & Co. Has $2.53 Million Holdings in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

JPMorgan Chase & Co. raised its stake in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) by 40.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,809 shares of the financial services provider's stock after buying an additional 25,267 shares during the quarter. JPMorgan Chase & Co. owned 0.45% of Mid Penn Bancorp worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Mid Penn Bancorp by 17.3% in the fourth quarter. Vanguard Group Inc. now owns 962,636 shares of the financial services provider's stock valued at $27,762,000 after buying an additional 141,756 shares during the period. Geode Capital Management LLC grew its position in shares of Mid Penn Bancorp by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 350,375 shares of the financial services provider's stock valued at $10,454,000 after acquiring an additional 17,730 shares during the period. State Street Corp grew its holdings in Mid Penn Bancorp by 4.9% during the third quarter. State Street Corp now owns 302,384 shares of the financial services provider's stock worth $9,020,000 after purchasing an additional 14,148 shares during the period. American Century Companies Inc. increased its holdings in shares of Mid Penn Bancorp by 14.5% during the 4th quarter. American Century Companies Inc. now owns 244,971 shares of the financial services provider's stock worth $7,065,000 after acquiring an additional 30,965 shares during the last quarter. Finally, Boston Partners acquired a new position in shares of Mid Penn Bancorp in the fourth quarter valued at $2,630,000. Institutional investors own 43.11% of the company's stock.

Mid Penn Bancorp Trading Up 4.4 %

Shares of MPB stock opened at $26.28 on Wednesday. The company has a market capitalization of $508.68 million, a PE ratio of 9.06 and a beta of 0.58. The firm has a 50 day moving average price of $26.40 and a two-hundred day moving average price of $29.03. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. Mid Penn Bancorp, Inc. has a 12-month low of $19.75 and a 12-month high of $33.87.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, meeting 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, analysts predict that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current year.

Insider Activity at Mid Penn Bancorp

In other news, Director Soto Matthew G. De bought 2,575 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were purchased at an average cost of $29.07 per share, with a total value of $74,855.25. Following the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rory G. Ritrievi purchased 3,050 shares of the business's stock in a transaction dated Monday, January 27th. The shares were purchased at an average cost of $30.05 per share, with a total value of $91,652.50. Following the acquisition, the chief executive officer now owns 7,385 shares in the company, valued at $221,919.25. This trade represents a 70.36 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 9,010 shares of company stock worth $266,495. Company insiders own 8.10% of the company's stock.

About Mid Penn Bancorp

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.

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