Mid Penn Bancorp, Inc. (NASDAQ:MPB) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its holdings in Mid Penn Bancorp, Inc. (NASDAQ:MPB) by 120.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,902 shares of the financial services provider’s stock after buying an additional 10,335 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.10% of Mid Penn Bancorp worth $545,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rhumbline Advisers raised its holdings in shares of Mid Penn Bancorp by 2.6% in the fourth quarter. Rhumbline Advisers now owns 24,386 shares of the financial services provider’s stock worth $703,000 after buying an additional 621 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mid Penn Bancorp in the 4th quarter valued at $1,289,000. Thrivent Financial for Lutherans raised its stake in Mid Penn Bancorp by 115.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 19,654 shares of the financial services provider’s stock worth $567,000 after acquiring an additional 10,540 shares during the last quarter. Mendon Capital Advisors Corp acquired a new stake in Mid Penn Bancorp during the 4th quarter worth about $1,903,000. Finally, Dimensional Fund Advisors LP lifted its position in Mid Penn Bancorp by 6.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 475,533 shares of the financial services provider’s stock worth $13,714,000 after acquiring an additional 29,400 shares during the period. Hedge funds and other institutional investors own 43.11% of the company’s stock.

Mid Penn Bancorp Trading Down 0.9%

NASDAQ MPB opened at $26.65 on Monday. Mid Penn Bancorp, Inc. has a 1 year low of $20.03 and a 1 year high of $33.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.94. The company has a market capitalization of $515.84 million, a PE ratio of 9.19 and a beta of 0.65. The company has a fifty day moving average of $26.72 and a 200 day moving average of $28.60.

Mid Penn Bancorp (NASDAQ:MPB) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.10. The firm had revenue of $47.75 million for the quarter, compared to analysts’ expectations of $47.20 million. Mid Penn Bancorp had a return on equity of 8.43% and a net margin of 15.99%. Research analysts forecast that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current year.

Mid Penn Bancorp Announces Dividend

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 issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, May 8th. Mid Penn Bancorp’s payout ratio is currently 27.78%.

Insider Buying and Selling at Mid Penn Bancorp

In other news, Director John E. Noone purchased 1,000 shares of the stock in a transaction dated Monday, April 28th. The stock was acquired at an average cost of $28.18 per share, for a total transaction of $28,180.00. Following the completion of the transaction, the director now directly owns 41,400 shares in the company, valued at approximately $1,166,652. This represents a 2.48% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Soto Matthew G. De bought 3,560 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The shares were purchased at an average cost of $28.10 per share, for a total transaction of $100,036.00. Following the purchase, the director now owns 108,138 shares in the company, valued at $3,038,677.80. This represents a 3.40% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 5,830 shares of company stock worth $164,182 in the last three months. 8.10% of the stock is owned by corporate insiders.

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.