Mid Penn Bancorp, Inc. (NASDAQ:MPB) Shares Bought by Invesco Ltd.

Invesco Ltd. lifted its stake in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,138 shares of the financial services provider’s stock after buying an additional 2,945 shares during the quarter. Invesco Ltd. owned approximately 0.12% of Mid Penn Bancorp worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC grew its holdings in Mid Penn Bancorp by 72.7% during the 3rd quarter. Jane Street Group LLC now owns 22,145 shares of the financial services provider’s stock worth $661,000 after acquiring an additional 9,324 shares in the last quarter. Barclays PLC increased its holdings in Mid Penn Bancorp by 61.3% in the third quarter. Barclays PLC now owns 36,805 shares of the financial services provider’s stock valued at $1,098,000 after buying an additional 13,986 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Mid Penn Bancorp by 28.9% during the third quarter. JPMorgan Chase & Co. now owns 62,542 shares of the financial services provider’s stock valued at $1,866,000 after buying an additional 14,009 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Mid Penn Bancorp by 18.6% during the 4th quarter. SG Americas Securities LLC now owns 6,484 shares of the financial services provider’s stock worth $187,000 after buying an additional 1,018 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Mid Penn Bancorp by 4.8% in the 4th quarter. Empowered Funds LLC now owns 37,063 shares of the financial services provider’s stock worth $1,069,000 after acquiring an additional 1,713 shares in the last quarter. Institutional investors own 43.11% of the company’s stock.

Insider Activity

In related news, CEO Rory G. Ritrievi acquired 3,365 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were acquired at an average cost of $29.56 per share, for a total transaction of $99,469.40. Following the completion of the purchase, the chief executive officer now directly owns 10,750 shares in the company, valued at $317,770. This trade represents a 45.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Soto Matthew G. De bought 2,575 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average price of $29.07 per share, with a total value of $74,855.25. Following the transaction, the director now directly owns 103,162 shares in the company, valued at $2,998,919.34. This represents a 2.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 6,960 shares of company stock valued at $203,023. 8.10% of the stock is currently owned by insiders.

Mid Penn Bancorp Price Performance

Shares of NASDAQ MPB opened at $29.27 on Friday. The business has a 50 day simple moving average of $26.29 and a 200-day simple moving average of $28.97. Mid Penn Bancorp, Inc. has a twelve month low of $20.03 and a twelve month high of $33.87. The company has a market capitalization of $566.55 million, a price-to-earnings ratio of 10.09 and a beta of 0.58. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

Mid Penn Bancorp (NASDAQ:MPB) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.72 earnings per share 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 analysts’ expectations of $47.20 million. As a group, equities research analysts expect that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current year.

Mid Penn Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 26th. Shareholders of record on Thursday, May 8th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.73%. Mid Penn Bancorp’s payout ratio is currently 27.78%.

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.