Mid Penn Bancorp, Inc. (NASDAQ:MPB) Director Brian Arden Sr. Hudson Sells 500 Shares

Mid Penn Bancorp, Inc. (NASDAQ:MPB) Director Brian Arden Sr. Hudson sold 500 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $28.83, for a total value of $14,415.00. Following the transaction, the director now owns 6,914 shares of the company’s stock, valued at $199,330.62. This trade represents a 6.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mid Penn Bancorp Stock Down 2.7 %

Shares of MPB opened at $28.17 on Friday. The company’s 50-day simple moving average is $26.35 and its 200-day simple moving average is $28.88. 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, Inc. has a 1 year low of $20.03 and a 1 year high of $33.87. The stock has a market capitalization of $545.26 million, a PE ratio of 9.71 and a beta of 0.65.

Mid Penn Bancorp (NASDAQ:MPB) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.10. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%. The company had revenue of $47.75 million for the quarter, compared to analyst estimates of $47.20 million. 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 announced a quarterly dividend, which will be paid on Monday, May 26th. Investors of record on Thursday, May 8th will be issued a $0.20 dividend. The ex-dividend date is Thursday, May 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.84%. Mid Penn Bancorp’s dividend payout ratio (DPR) is presently 27.78%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stonebridge Financial Group LLC purchased a new position in shares of Mid Penn Bancorp in the 4th quarter valued at about $45,000. Emerald Advisers LLC lifted its stake 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 worth $70,000 after acquiring an additional 1,750 shares during the last quarter. GAMMA Investing LLC grew its holdings in Mid Penn Bancorp by 5,634.0% during the 1st quarter. GAMMA Investing LLC now owns 2,695 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 2,648 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Mid Penn Bancorp by 18.6% in the 4th quarter. SG Americas Securities LLC now owns 6,484 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 1,018 shares during the last quarter. Finally, Mystic Asset Management Inc. acquired a new stake in shares of Mid Penn Bancorp in the 4th quarter valued at $210,000. 43.11% of the stock is owned by institutional investors and hedge funds.

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.