Raymond James Financial Inc. acquired a new stake in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,711 shares of the financial services provider's stock, valued at approximately $1,289,000. Raymond James Financial Inc. owned approximately 0.27% of Mid Penn Bancorp as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Stonebridge Financial Group LLC purchased a new position in shares of Mid Penn Bancorp during the 4th quarter worth $45,000. SG Americas Securities LLC lifted its position in Mid Penn Bancorp by 18.6% during 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. Thrivent Financial for Lutherans purchased a new position in Mid Penn Bancorp during the third quarter worth about $272,000. Franklin Resources Inc. acquired a new stake in Mid Penn Bancorp in the 3rd quarter worth about $285,000. Finally, Jane Street Group LLC grew its holdings in 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 valued at $661,000 after buying an additional 9,324 shares during the period. Institutional investors and hedge funds own 43.11% of the company's stock.
Mid Penn Bancorp Trading Up 1.8 %
Shares of NASDAQ MPB traded up $0.44 on Monday, reaching $24.68. 172,920 shares of the company traded hands, compared to its average volume of 56,132. The company has a 50 day moving average of $27.67 and a 200 day moving average of $29.42. 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, Inc. has a fifty-two week low of $19.20 and a fifty-two week high of $33.87. The stock has a market capitalization of $477.71 million, a PE ratio of 8.51 and a beta of 0.58.
Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last issued its quarterly earnings results 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, equities research analysts forecast that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current fiscal year.
Mid Penn Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, February 7th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Friday, February 7th. Mid Penn Bancorp's dividend payout ratio (DPR) is currently 27.59%.
Insider Activity at Mid Penn Bancorp
In other Mid Penn Bancorp news, Director Soto Matthew G. De purchased 2,575 shares of Mid Penn Bancorp 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 completion of the transaction, the director now directly owns 103,162 shares in the company, valued at approximately $2,998,919.34. This represents a 2.56 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rory G. Ritrievi acquired 3,365 shares of the firm's stock in a transaction on Friday, February 14th. The shares were acquired at an average price of $29.56 per share, with a total value of $99,469.40. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 9,010 shares of company stock worth $266,495. 10.70% of the stock is owned by insiders.
About Mid Penn Bancorp
(
Free Report)
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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