Soto Matthew G. De Buys 2,299 Shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB) Stock

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Mid Penn Bancorp, Inc. (NASDAQ:MPB) Director Soto Matthew G. De bought 2,299 shares of Mid Penn Bancorp stock in a transaction on Wednesday, February 12th. The shares were purchased at an average cost of $24.49 per share, with a total value of $56,302.51.

Shares of NASDAQ:MPB opened at $24.26 on Friday. The company has a 50 day moving average of $27.00 and a 200-day moving average of $25.97. The firm has a market cap of $207.65 million, a P/E ratio of 11.61 and a beta of 0.63. Mid Penn Bancorp, Inc. has a twelve month low of $21.51 and a twelve month high of $29.88. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43.

Mid Penn Bancorp (NASDAQ:MPB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The company had revenue of $22.00 million during the quarter. Mid Penn Bancorp had a return on equity of 7.66% and a net margin of 16.40%. Equities research analysts forecast that Mid Penn Bancorp, Inc. will post 1.95 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Wednesday, February 5th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Tuesday, February 4th. Mid Penn Bancorp’s dividend payout ratio is currently 34.45%.

A number of research analysts have issued reports on the stock. ValuEngine lowered shares of Mid Penn Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Zacks Investment Research lowered shares of Mid Penn Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 4th.

Several large investors have recently modified their holdings of the company. Citigroup Inc. lifted its stake in shares of Mid Penn Bancorp by 96.9% in the 4th quarter. Citigroup Inc. now owns 1,382 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 680 shares during the period. Rhumbline Advisers lifted its stake in shares of Mid Penn Bancorp by 10.0% in the 3rd quarter. Rhumbline Advisers now owns 9,016 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 823 shares during the period. EJF Capital LLC lifted its stake in shares of Mid Penn Bancorp by 2.2% in the 4th quarter. EJF Capital LLC now owns 79,942 shares of the financial services provider’s stock worth $2,302,000 after acquiring an additional 1,728 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Mid Penn Bancorp by 6.5% in the 4th quarter. Bank of New York Mellon Corp now owns 35,695 shares of the financial services provider’s stock worth $1,028,000 after acquiring an additional 2,164 shares during the period. Finally, UBS Group AG lifted its stake in shares of Mid Penn Bancorp by 40.5% in the 4th quarter. UBS Group AG now owns 8,520 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 2,454 shares during the period. 18.93% of the stock is owned by institutional investors.

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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