Mid Penn Bancorp, Inc. (NASDAQ:MPB) Director Soto Matthew G. De Acquires 9,615 Shares

Mid Penn Bancorp, Inc. (NASDAQ:MPB) Director Soto Matthew G. De acquired 9,615 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average price of $20.76 per share, with a total value of $199,607.40. Following the completion of the acquisition, the director now directly owns 79,190 shares of the company’s stock, valued at $1,643,984.40. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mid Penn Bancorp Price Performance

MPB stock opened at $20.99 on Friday. The stock has a market capitalization of $347.89 million, a PE ratio of 9.09 and a beta of 0.56. The company’s 50-day moving average is $20.23 and its 200-day moving average is $21.31. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.94. Mid Penn Bancorp, Inc. has a 1 year low of $18.25 and a 1 year high of $25.92.

Mid Penn Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 27th. Stockholders of record on Friday, May 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.81%. Mid Penn Bancorp’s dividend payout ratio (DPR) is presently 34.63%.

Hedge Funds Weigh In On Mid Penn Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Grace & White Inc. NY boosted its position in shares of Mid Penn Bancorp by 75.0% during the 4th quarter. Grace & White Inc. NY now owns 21,103 shares of the financial services provider’s stock worth $512,000 after purchasing an additional 9,042 shares in the last quarter. Swiss National Bank lifted its position in Mid Penn Bancorp by 8.2% in the 3rd quarter. Swiss National Bank now owns 31,517 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 2,400 shares in the last quarter. Barclays PLC lifted its position in Mid Penn Bancorp by 18.1% in the 3rd quarter. Barclays PLC now owns 23,154 shares of the financial services provider’s stock valued at $466,000 after acquiring an additional 3,548 shares in the last quarter. Endeavour Capital Advisors Inc. lifted its position in Mid Penn Bancorp by 2.0% in the 3rd quarter. Endeavour Capital Advisors Inc. now owns 110,187 shares of the financial services provider’s stock valued at $2,218,000 after acquiring an additional 2,136 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Mid Penn Bancorp by 15.0% in the 4th quarter. SG Americas Securities LLC now owns 8,052 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 1,050 shares in the last quarter. Institutional investors own 43.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com upgraded Mid Penn Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday. TheStreet downgraded Mid Penn Bancorp from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Finally, Piper Sandler decreased their price target on Mid Penn Bancorp from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, February 1st.

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.