Mid Penn Bancorp, Inc. (NASDAQ:MPB – Get Free Report) CEO Rory G. Ritrievi purchased 500 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $29.50 per share, for a total transaction of $14,750.00. Following the completion of the transaction, the chief executive officer now owns 49,529 shares in the company, valued at approximately $1,461,105.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Mid Penn Bancorp Trading Up 5.1 %
Mid Penn Bancorp stock opened at $32.23 on Thursday. Mid Penn Bancorp, Inc. has a 52-week low of $19.20 and a 52-week high of $32.86. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $538.24 million, a price-to-earnings ratio of 11.08 and a beta of 0.57. The firm has a 50-day moving average price of $30.09 and a two-hundred day moving average price of $25.73.
Mid Penn Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, November 8th. Mid Penn Bancorp’s dividend payout ratio (DPR) is 27.49%.
Analyst Ratings Changes
Get Our Latest Research Report on Mid Penn Bancorp
Institutional Trading of Mid Penn Bancorp
Hedge funds have recently added to or reduced their stakes in the business. Kennedy Capital Management LLC grew its stake in shares of Mid Penn Bancorp by 126.4% in the first quarter. Kennedy Capital Management LLC now owns 96,086 shares of the financial services provider’s stock worth $1,923,000 after purchasing an additional 53,650 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Mid Penn Bancorp by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,963 shares of the financial services provider’s stock valued at $9,195,000 after buying an additional 31,292 shares in the last quarter. LSV Asset Management grew its position in Mid Penn Bancorp by 21.0% in the 2nd quarter. LSV Asset Management now owns 156,059 shares of the financial services provider’s stock valued at $3,425,000 after buying an additional 27,098 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Mid Penn Bancorp during the 2nd quarter valued at about $282,000. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of Mid Penn Bancorp during the 2nd quarter worth about $278,000. Institutional investors own 43.11% of the company’s stock.
Mid Penn Bancorp Company 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.
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