According to Zacks, “MID PENN BANCORP, INC. is a one-bank holding company engaged in general banking business. “
MPB opened at $21.77 on Thursday. Mid Penn Bancorp has a twelve month low of $21.51 and a twelve month high of $31.63. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $25.10 and a 200 day moving average price of $24.58. The company has a market cap of $196.21 million, a PE ratio of 10.87 and a beta of 0.54.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Wednesday, August 7th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.72 annualized dividend and a dividend yield of 3.31%. Mid Penn Bancorp’s dividend payout ratio (DPR) is presently 35.12%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MPB. BlackRock Inc. raised its position in shares of Mid Penn Bancorp by 51.6% during the 2nd quarter. BlackRock Inc. now owns 324,268 shares of the financial services provider’s stock worth $8,091,000 after purchasing an additional 110,423 shares during the last quarter. Vanguard Group Inc. raised its holdings in Mid Penn Bancorp by 79.2% in the 2nd quarter. Vanguard Group Inc. now owns 144,943 shares of the financial services provider’s stock valued at $3,616,000 after acquiring an additional 64,058 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Mid Penn Bancorp in the 2nd quarter valued at about $813,000. Banc Funds Co. LLC raised its holdings in Mid Penn Bancorp by 54.8% in the 2nd quarter. Banc Funds Co. LLC now owns 55,067 shares of the financial services provider’s stock valued at $1,374,000 after acquiring an additional 19,500 shares during the last quarter. Finally, EJF Capital LLC acquired a new stake in Mid Penn Bancorp in the 2nd quarter valued at about $426,000. Hedge funds and other institutional investors own 17.45% 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 IRAs.
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