Kennedy Capital Management LLC Boosts Holdings in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Kennedy Capital Management LLC boosted its holdings in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) by 43.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,482 shares of the financial services provider's stock after buying an additional 31,207 shares during the period. Kennedy Capital Management LLC owned approximately 0.53% of Mid Penn Bancorp worth $2,956,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp grew its position in Mid Penn Bancorp by 4.9% in the third quarter. State Street Corp now owns 302,384 shares of the financial services provider's stock worth $9,020,000 after acquiring an additional 14,148 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Mid Penn Bancorp by 72.7% in the 3rd quarter. Jane Street Group LLC now owns 22,145 shares of the financial services provider's stock worth $661,000 after purchasing an additional 9,324 shares in the last quarter. Barclays PLC increased its position in shares of Mid Penn Bancorp by 61.3% during the 3rd quarter. Barclays PLC now owns 36,805 shares of the financial services provider's stock valued at $1,098,000 after purchasing an additional 13,986 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Mid Penn Bancorp by 5.3% during 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 purchasing an additional 17,730 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of Mid Penn Bancorp during the 3rd quarter valued at about $285,000. 43.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Rory G. Ritrievi bought 3,365 shares of the business's stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of $29.56 per share, for a total transaction of $99,469.40. Following the completion of the acquisition, the chief executive officer now owns 10,750 shares of the company's stock, valued at approximately $317,770. This trade represents a 45.57 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Soto Matthew G. De bought 2,575 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost of $29.07 per share, for a total transaction of $74,855.25. Following the completion of the purchase, the director now owns 103,162 shares of the company's stock, valued at $2,998,919.34. This trade represents a 2.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 9,010 shares of company stock valued at $266,495. Insiders own 8.10% of the company's stock.

Mid Penn Bancorp Price Performance

MPB traded up $0.14 during midday trading on Friday, hitting $25.39. The stock had a trading volume of 73,861 shares, compared to its average volume of 59,364. Mid Penn Bancorp, Inc. has a 1 year low of $19.62 and a 1 year high of $33.87. 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 business has a fifty day moving average of $26.54 and a 200 day moving average of $29.07. The company has a market cap of $491.45 million, a P/E ratio of 8.76 and a beta of 0.58.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last announced 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, equities analysts forecast that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current fiscal year.

Mid Penn Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.15%. Mid Penn Bancorp's dividend payout ratio (DPR) is currently 27.59%.

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.