Mid Penn Bancorp, Inc. (NASDAQ:MPB) declared a quarterly dividend on Friday, October 26th, Wall Street Journal reports. Shareholders of record on Wednesday, November 7th will be given a dividend of 0.15 per share by the financial services provider on Monday, November 26th. This represents a $0.60 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, November 6th.
Mid Penn Bancorp has increased its dividend payment by an average of 14.1% per year over the last three years and has raised its dividend annually for the last 4 consecutive years.
Shares of Mid Penn Bancorp stock traded up $0.17 on Friday, reaching $26.45. 5,239 shares of the company were exchanged, compared to its average volume of 12,093. Mid Penn Bancorp has a one year low of $24.17 and a one year high of $37.90. The stock has a market cap of $226.54 million, a P/E ratio of 13.89 and a beta of 0.57. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.21.
In other news, Director William A. Specht III acquired 1,300 shares of the firm’s stock in a transaction on Friday, August 24th. The shares were purchased at an average cost of $31.50 per share, with a total value of $40,950.00. Following the acquisition, the director now directly owns 4,205 shares in the company, valued at approximately $132,457.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders purchased 4,495 shares of company stock worth $128,268. 22.50% of the stock is owned by company insiders.
A hedge fund recently bought a new stake in Mid Penn Bancorp stock. Bank of New York Mellon Corp bought a new position in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,233 shares of the financial services provider’s stock, valued at approximately $497,000. Bank of New York Mellon Corp owned approximately 0.17% of Mid Penn Bancorp as of its most recent filing with the SEC. 8.68% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: “Mid Penn Bancorp, Inc. (MPB) Plans Quarterly Dividend of $0.15” was originally published by BBNS and is the sole property of of BBNS. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://baseballnewssource.com/2018/11/10/mid-penn-bancorp-inc-mpb-plans-quarterly-dividend-of-0-15/2886208.html.
About Mid Penn Bancorp
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.
Further Reading: How can investors find ex-dividend dates?
Receive News & Ratings for Mid Penn Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid Penn Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.