Mid Penn Bancorp, Inc. (NASDAQ:MPB) EVP Joan E. Dickinson Buys 800 Shares of Stock


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Mid Penn Bancorp, Inc. (NASDAQ:MPB) EVP Joan E. Dickinson bought 800 shares of Mid Penn Bancorp stock in a transaction that occurred on Friday, April 30th. The stock was bought at an average price of $25.00 per share, with a total value of $20,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

MPB opened at $27.36 on Tuesday. The stock has a market cap of $230.18 million, a PE ratio of 10.69 and a beta of 0.65. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Mid Penn Bancorp, Inc. has a 1 year low of $16.60 and a 1 year high of $29.87. The stock’s 50 day simple moving average is $26.19 and its 200-day simple moving average is $23.89.

Mid Penn Bancorp (NASDAQ:MPB) last released its quarterly earnings data on Wednesday, April 21st. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.19. Mid Penn Bancorp had a return on equity of 8.92% and a net margin of 18.55%. Equities analysts forecast that Mid Penn Bancorp, Inc. will post 2.88 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 24th. Stockholders of record on Monday, May 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 7th. This is a boost from Mid Penn Bancorp’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.92%. Mid Penn Bancorp’s payout ratio is currently 36.36%.

A number of brokerages have recently commented on MPB. Zacks Investment Research upgraded Mid Penn Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Tuesday, March 16th. Stephens began coverage on Mid Penn Bancorp in a report on Monday. They set an “overweight” rating and a $30.00 price target for the company.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPB. Banc Funds Co. LLC grew its position in Mid Penn Bancorp by 57.1% in the fourth quarter. Banc Funds Co. LLC now owns 118,172 shares of the financial services provider’s stock valued at $2,588,000 after acquiring an additional 42,950 shares during the period. BlackRock Inc. grew its holdings in shares of Mid Penn Bancorp by 7.3% during the fourth quarter. BlackRock Inc. now owns 365,930 shares of the financial services provider’s stock worth $8,013,000 after purchasing an additional 24,913 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Mid Penn Bancorp by 54.7% during the fourth quarter. JPMorgan Chase & Co. now owns 36,792 shares of the financial services provider’s stock valued at $806,000 after acquiring an additional 13,013 shares during the period. Rhumbline Advisers acquired a new position in Mid Penn Bancorp in the fourth quarter valued at about $225,000. Finally, Strs Ohio raised its position in shares of Mid Penn Bancorp by 82.5% during the first quarter. Strs Ohio now owns 10,400 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 4,700 shares during the period. Institutional investors and hedge funds own 19.50% of the company’s stock.

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 IRAs.

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