Mid Penn Bancorp, Inc. (NASDAQ:MPB) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in Mid Penn Bancorp, Inc. (NASDAQ:MPB) by 127.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,452,177 shares of the financial services provider’s stock after acquiring an additional 813,583 shares during the quarter. Wellington Management Group LLP owned approximately 0.08% of Mid Penn Bancorp worth $41,881,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new position in shares of Mid Penn Bancorp in the third quarter worth about $272,000. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Mid Penn Bancorp in the 3rd quarter valued at about $1,078,000. State Street Corp raised its holdings in Mid Penn Bancorp by 4.9% in the 3rd quarter. State Street Corp now owns 302,384 shares of the financial services provider’s stock worth $9,020,000 after purchasing an additional 14,148 shares during the period. Jane Street Group LLC boosted its position in Mid Penn Bancorp by 72.7% during the third quarter. Jane Street Group LLC now owns 22,145 shares of the financial services provider’s stock worth $661,000 after purchasing an additional 9,324 shares in the last quarter. Finally, Barclays PLC grew its holdings in Mid Penn Bancorp by 61.3% in the third quarter. Barclays PLC now owns 36,805 shares of the financial services provider’s stock valued at $1,098,000 after purchasing an additional 13,986 shares during the period. Hedge funds and other institutional investors own 43.11% of the company’s stock.

Insider Buying and Selling at Mid Penn Bancorp

In other Mid Penn Bancorp news, CEO Rory G. Ritrievi purchased 3,365 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average cost of $29.56 per share, for a total transaction of $99,469.40. Following the completion of the transaction, the chief executive officer now owns 10,750 shares of the company’s stock, valued at $317,770. The trade was a 45.57 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Soto Matthew G. De acquired 2,575 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was acquired at an average price of $29.07 per share, with a total value of $74,855.25. Following the acquisition, the director now owns 103,162 shares in the company, valued at $2,998,919.34. The trade was a 2.56 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 9,010 shares of company stock valued at $266,495 over the last quarter. 10.70% of the stock is currently owned by insiders.

Mid Penn Bancorp Trading Up 1.0 %

Shares of MPB stock opened at $24.24 on Friday. The stock has a 50 day simple moving average of $27.78 and a 200-day simple moving average of $29.47. Mid Penn Bancorp, Inc. has a 1-year low of $19.20 and a 1-year high of $33.87. The company has a market cap of $469.19 million, a price-to-earnings ratio of 8.36 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.94.

Mid Penn Bancorp (NASDAQ:MPB) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.71. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%. On average, equities research analysts expect that Mid Penn Bancorp, Inc. will post 3 EPS for the current fiscal year.

Mid Penn Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, February 7th. This represents a $0.80 annualized dividend and a yield of 3.30%. Mid Penn Bancorp’s dividend payout ratio (DPR) is currently 27.59%.

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.