SG Americas Securities LLC Buys 1,050 Shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB)

SG Americas Securities LLC lifted its holdings in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB) by 15.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,052 shares of the financial services provider’s stock after buying an additional 1,050 shares during the period. SG Americas Securities LLC’s holdings in Mid Penn Bancorp were worth $196,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vestcor Inc purchased a new stake in shares of Mid Penn Bancorp during the fourth quarter valued at $70,000. UBS Group AG boosted its position in shares of Mid Penn Bancorp by 579.9% during the third quarter. UBS Group AG now owns 3,481 shares of the financial services provider’s stock valued at $100,000 after buying an additional 2,969 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Mid Penn Bancorp by 51.5% during the second quarter. BNP Paribas Arbitrage SA now owns 3,500 shares of the financial services provider’s stock valued at $94,000 after buying an additional 1,190 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Mid Penn Bancorp by 524.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,759 shares of the financial services provider’s stock valued at $76,000 after buying an additional 3,157 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC boosted its position in shares of Mid Penn Bancorp by 29.7% during the third quarter. BNP Paribas Arbitrage SNC now owns 4,539 shares of the financial services provider’s stock valued at $130,000 after buying an additional 1,039 shares during the last quarter. 43.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on MPB. TheStreet cut Mid Penn Bancorp from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Piper Sandler dropped their target price on Mid Penn Bancorp from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st.

Insider Transactions at Mid Penn Bancorp

In related news, Director Theodore W. Mowery acquired 2,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $20.42 per share, with a total value of $40,840.00. Following the completion of the purchase, the director now directly owns 31,540 shares of the company’s stock, valued at $644,046.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Mid Penn Bancorp news, Director Soto Matthew G. De bought 1,185 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $21.13 per share, with a total value of $25,039.05. Following the purchase, the director now owns 67,863 shares of the company’s stock, valued at $1,433,945.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodore W. Mowery bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $20.42 per share, for a total transaction of $40,840.00. Following the purchase, the director now directly owns 31,540 shares in the company, valued at approximately $644,046.80. The disclosure for this purchase can be found here. Insiders have purchased 4,994 shares of company stock valued at $103,875 over the last quarter. 10.70% of the stock is currently owned by company insiders.

Mid Penn Bancorp Stock Down 0.2 %

NASDAQ MPB opened at $19.68 on Friday. The stock’s 50-day moving average price is $20.39 and its 200-day moving average price is $21.30. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.19. Mid Penn Bancorp, Inc. has a 52 week low of $18.25 and a 52 week high of $25.92. The company has a market capitalization of $326.10 million, a P/E ratio of 8.63 and a beta of 0.57.

Mid Penn Bancorp (NASDAQ:MPB) last posted its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.59 by $0.14. Mid Penn Bancorp had a return on equity of 8.37% and a net margin of 14.59%. The firm had revenue of $42.12 million for the quarter, compared to the consensus estimate of $42.03 million. On average, equities research analysts predict that Mid Penn Bancorp, Inc. will post 2.66 earnings per share for the current year.

Mid Penn Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Thursday, February 8th. Mid Penn Bancorp’s dividend payout ratio (DPR) is currently 35.09%.

Mid Penn Bancorp 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.