Wellington Management Group LLP Grows Holdings in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Wellington Management Group LLP raised its stake in Mid Penn Bancorp, Inc. (NASDAQ:MPB - Free Report) by 127.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,452,177 shares of the financial services provider's stock after acquiring an additional 813,583 shares during the period. Wellington Management Group LLP owned 7.50% of Mid Penn Bancorp worth $41,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Stonebridge Financial Group LLC acquired a new stake in shares of Mid Penn Bancorp during the fourth quarter worth about $45,000. Emerald Advisers LLC increased its holdings in Mid Penn Bancorp by 261.6% in 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 increased its holdings in 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 valued at $187,000 after buying an additional 1,018 shares in the last quarter. Mystic Asset Management Inc. purchased a new position in Mid Penn Bancorp in the fourth quarter valued at about $210,000. Finally, Semanteon Capital Management LP purchased a new position in Mid Penn Bancorp in the fourth quarter valued at about $228,000. Institutional investors and hedge funds own 43.11% of the company's stock.

Mid Penn Bancorp Price Performance

Mid Penn Bancorp stock traded down $0.93 during mid-day trading on Thursday, reaching $24.42. The company had a trading volume of 14,513 shares, compared to its average volume of 57,557. Mid Penn Bancorp, Inc. has a 1 year low of $19.20 and a 1 year high of $33.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.94. The company has a market capitalization of $472.67 million, a P/E ratio of 8.42 and a beta of 0.58. The stock's 50-day simple moving average is $27.22 and its 200-day simple moving average is $29.29.

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) last issued its earnings results 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%. On average, equities analysts predict that Mid Penn Bancorp, Inc. will post 3 EPS for the current year.

Mid Penn Bancorp Dividend Announcement

The firm 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 3.28%. Mid Penn Bancorp's dividend payout ratio (DPR) is 27.59%.

Insider Buying and Selling

In related news, Director Soto Matthew G. De purchased 2,575 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were bought at an average price of $29.07 per share, for a total transaction 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 trade represents a 2.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rory G. Ritrievi purchased 3,050 shares of the firm's stock in a transaction on Monday, January 27th. The stock was bought at an average price of $30.05 per share, for a total transaction of $91,652.50. Following the acquisition, the chief executive officer now owns 7,385 shares in the company, valued at $221,919.25. The trade was a 70.36 % 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.

Mid Penn Bancorp Company Profile

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.