Insider Buying: Mid Penn Bancorp, Inc. (MPB) Director Buys 550 Shares of Stock

Mid Penn Bancorp, Inc. (NASDAQ:MPB) Director Robert J. Moisey bought 550 shares of Mid Penn Bancorp stock in a transaction on Wednesday, November 7th. The shares were acquired at an average price of $26.62 per share, for a total transaction of $14,641.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Mid Penn Bancorp stock opened at $26.45 on Friday. The stock has a market capitalization of $226.54 million, a PE ratio of 13.89 and a beta of 0.57. Mid Penn Bancorp, Inc. has a one year low of $24.17 and a one year high of $37.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 0.87.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Stockholders of record on Wednesday, November 7th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.27%.

A number of analysts have recently commented on the company. TheStreet lowered Mid Penn Bancorp from a “b” rating to a “c” rating in a report on Monday, October 29th. ValuEngine lowered Mid Penn Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th.

Several institutional investors have recently modified their holdings of MPB. BlackRock Inc. lifted its holdings in shares of Mid Penn Bancorp by 12,689.0% in the second quarter. BlackRock Inc. now owns 189,022 shares of the financial services provider’s stock valued at $6,597,000 after purchasing an additional 187,544 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Mid Penn Bancorp by 740.7% in the third quarter. Alliancebernstein L.P. now owns 128,455 shares of the financial services provider’s stock valued at $3,744,000 after purchasing an additional 113,175 shares in the last quarter. Northern Trust Corp bought a new stake in shares of Mid Penn Bancorp in the second quarter valued at about $1,446,000. Eidelman Virant Capital bought a new stake in shares of Mid Penn Bancorp in the third quarter valued at about $1,144,000. Finally, Salzhauer Michael bought a new stake in shares of Mid Penn Bancorp in the third quarter valued at about $578,000. Institutional investors own 8.68% of the company’s stock.

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Mid Penn Bancorp Company Profile

Mid Penn Bancorp, Inc operates as the holding company for Mid Penn Bank that provides commercial banking and trust services to individuals, partnerships, non-profit organizations, and corporations. It 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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