Justin T. Webb Purchases 900 Shares of Mid Penn Bancorp, Inc. (MPB) Stock

Mid Penn Bancorp, Inc. (NASDAQ:MPB) COO Justin T. Webb purchased 900 shares of the business’s stock in a transaction dated Tuesday, October 30th. The shares were purchased at an average price of $26.35 per share, for a total transaction of $23,715.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Mid Penn Bancorp stock traded up $0.26 during trading on Wednesday, hitting $26.76. 17,300 shares of the stock traded hands, compared to its average volume of 10,131. The firm has a market cap of $211.76 million, a P/E ratio of 12.77 and a beta of 0.48. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Mid Penn Bancorp, Inc. has a 52-week low of $24.17 and a 52-week high of $37.90.

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 paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 6th. This represents a $0.60 annualized dividend and a dividend yield of 2.24%.



Several institutional investors have recently made changes to their positions in the company. Eidelman Virant Capital bought a new stake in Mid Penn Bancorp during the third quarter valued at about $1,144,000. Northern Trust Corp bought a new stake in Mid Penn Bancorp during the second quarter valued at about $1,446,000. Bank of New York Mellon Corp bought a new stake in Mid Penn Bancorp during the second quarter valued at about $497,000. Renaissance Technologies LLC bought a new stake in Mid Penn Bancorp during the second quarter valued at about $527,000. Finally, Dimensional Fund Advisors LP boosted its position in Mid Penn Bancorp by 23.0% during the second quarter. Dimensional Fund Advisors LP now owns 31,573 shares of the financial services provider’s stock valued at $1,102,000 after purchasing an additional 5,912 shares in the last quarter. Hedge funds and other institutional investors own 8.67% of the company’s stock.

MPB has been the topic of several research reports. ValuEngine lowered Mid Penn Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. TheStreet lowered Mid Penn Bancorp from a “b” rating to a “c” rating in a research note on Monday.

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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Insider Buying and Selling by Quarter for Mid Penn Bancorp (NASDAQ:MPB)

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