Mendon Capital Advisors Corp Makes New $1.90 Million Investment in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Mendon Capital Advisors Corp acquired a new position in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,992 shares of the financial services provider's stock, valued at approximately $1,903,000. Mid Penn Bancorp accounts for approximately 0.9% of Mendon Capital Advisors Corp's investment portfolio, making the stock its 28th biggest holding. Mendon Capital Advisors Corp owned about 0.34% of Mid Penn Bancorp at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new position in shares of Mid Penn Bancorp during the 4th quarter valued at $45,000. Emerald Advisers LLC lifted its stake in 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 valued at $70,000 after buying an additional 1,750 shares in the last quarter. SG Americas Securities LLC boosted 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 buying an additional 1,018 shares during the period. Mystic Asset Management Inc. purchased a new position in shares of Mid Penn Bancorp in the fourth quarter worth approximately $210,000. Finally, Semanteon Capital Management LP purchased a new stake in shares of Mid Penn Bancorp in the 4th quarter valued at approximately $228,000. Institutional investors and hedge funds own 43.11% of the company's stock.

Insider Buying and Selling at Mid Penn Bancorp

In related news, Director Soto Matthew G. De acquired 2,575 shares of the stock in a transaction dated 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 acquisition, the director now owns 103,162 shares in the company, valued at approximately $2,998,919.34. The trade was a 2.56 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rory G. Ritrievi bought 3,050 shares of the firm's stock in a transaction on Monday, January 27th. The shares were bought at an average cost of $30.05 per share, with a total value of $91,652.50. Following the transaction, the chief executive officer now directly owns 7,385 shares of the company's stock, valued at approximately $221,919.25. This trade represents a 70.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 9,010 shares of company stock worth $266,495 over the last 90 days. 8.10% of the stock is currently owned by corporate insiders.

Mid Penn Bancorp Trading Down 0.9 %

NASDAQ MPB opened at $25.17 on Tuesday. The firm's 50 day moving average price is $26.46 and its two-hundred day moving average price is $29.05. The stock has a market cap of $487.19 million, a price-to-earnings ratio of 8.68 and a beta of 0.58. Mid Penn Bancorp, Inc. has a twelve month low of $19.75 and a twelve month 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.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.71. Mid Penn Bancorp had a return on equity of 8.43% and a net margin of 15.99%. Equities analysts anticipate that Mid Penn Bancorp, Inc. will post 3 EPS for the current year.

Mid Penn Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, February 7th were issued 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 3.18%. Mid Penn Bancorp's dividend payout ratio is 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.

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