Mid Penn Bancorp, Inc. (NASDAQ:MPB) Director Sells $14,415.00 in Stock

Mid Penn Bancorp, Inc. (NASDAQ:MPB) Director Brian Arden Sr. Hudson sold 500 shares of Mid Penn Bancorp stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $28.83, for a total transaction of $14,415.00. Following the completion of the transaction, the director now owns 6,914 shares of the company’s stock, valued at $199,330.62. This represents a 6.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mid Penn Bancorp Stock Down 2.7%

Shares of Mid Penn Bancorp stock opened at $28.17 on Monday. The company has a market capitalization of $545.26 million, a P/E ratio of 9.71 and a beta of 0.65. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. Mid Penn Bancorp, Inc. has a 52-week low of $20.03 and a 52-week high of $33.87. The company has a 50 day moving average of $26.35 and a 200 day moving average of $28.85.

Mid Penn Bancorp (NASDAQ:MPB) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.10. The business had revenue of $47.75 million during the quarter, compared to the consensus estimate of $47.20 million. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%. As a group, research analysts forecast that Mid Penn Bancorp, Inc. will post 3 EPS for the current fiscal year.

Mid Penn Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 26th. Stockholders of record on Thursday, May 8th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.84%. Mid Penn Bancorp’s dividend payout ratio is presently 27.78%.

Institutional Trading of Mid Penn Bancorp

Institutional investors have recently modified their holdings of the stock. Stonebridge Financial Group LLC purchased a new stake in shares of Mid Penn Bancorp during the 4th quarter worth approximately $45,000. Emerald Advisers LLC increased its holdings in shares of Mid Penn Bancorp by 261.6% in the 4th quarter. Emerald Advisers LLC now owns 2,419 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,750 shares during the period. GAMMA Investing LLC increased its holdings in shares of Mid Penn Bancorp by 5,634.0% in the 1st quarter. GAMMA Investing LLC now owns 2,695 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 2,648 shares during the period. SG Americas Securities LLC increased its holdings in shares of Mid Penn Bancorp by 18.6% in the 4th quarter. SG Americas Securities LLC now owns 6,484 shares of the financial services provider’s stock valued at $187,000 after acquiring an additional 1,018 shares during the period. Finally, Mystic Asset Management Inc. acquired a new position in shares of Mid Penn Bancorp in the 4th quarter valued at $210,000. Hedge funds and other institutional investors own 43.11% of the company’s stock.

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.