Mid Penn Bancorp (MPB) Projected to Post Quarterly Earnings on Wednesday

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.62 per share and revenue of $47.20 million for the quarter.

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 EPS for the quarter, hitting the consensus estimate of $0.71. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%. On average, analysts expect Mid Penn Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Mid Penn Bancorp Stock Up 0.6 %

MPB traded up $0.14 during trading on Friday, hitting $25.39. The stock had a trading volume of 73,861 shares, compared to its average volume of 58,395. The stock has a 50 day simple moving average of $26.54 and a two-hundred day simple moving average of $29.08. 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 has a twelve month low of $19.75 and a twelve month high of $33.87. The company has a market capitalization of $491.45 million, a PE ratio of 8.76 and a beta of 0.58.

Mid Penn Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were given a $0.20 dividend. 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 payout ratio is 27.59%.

Insider Activity at Mid Penn Bancorp

In related news, Director Soto Matthew G. De purchased 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, for a total transaction of $74,855.25. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rory G. Ritrievi acquired 3,050 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average price of $30.05 per share, with a total value of $91,652.50. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. Insiders have acquired 9,010 shares of company stock valued at $266,495 in the last ninety days. Corporate 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.