Mid Penn Bancorp, Inc. (NASDAQ:MPB) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $23.90 and last traded at $24.90, with a volume of 458 shares changing hands. The stock had previously closed at $25.31.
Several equities research analysts recently issued reports on the stock. TheStreet lowered shares of Mid Penn Bancorp from a “b” rating to a “c” rating in a research note on Monday, October 29th. ValuEngine lowered shares of Mid Penn Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th.
The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21. The company has a market cap of $208.55 million, a PE ratio of 12.78 and a beta of 0.55.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Wednesday, November 7th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Tuesday, November 6th.
In other Mid Penn Bancorp news, Director Steven T. Boyer acquired 1,200 shares of Mid Penn Bancorp stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average price of $26.82 per share, with a total value of $32,184.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders purchased 4,397 shares of company stock valued at $116,080. 22.50% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in MPB. Bank of New York Mellon Corp acquired a new position in Mid Penn Bancorp during the 2nd quarter worth $497,000. Schwab Charles Investment Management Inc. acquired a new position in Mid Penn Bancorp during the 2nd quarter worth $311,000. BlackRock Inc. lifted its position in Mid Penn Bancorp by 12,689.0% during the 2nd quarter. BlackRock Inc. now owns 189,022 shares of the financial services provider’s stock worth $6,597,000 after acquiring an additional 187,544 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Mid Penn Bancorp by 23.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 31,573 shares of the financial services provider’s stock worth $1,102,000 after acquiring an additional 5,912 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Mid Penn Bancorp during the 2nd quarter worth $527,000. 13.88% of the stock is owned by hedge funds and other institutional investors.
Mid Penn Bancorp Company Profile (NASDAQ:MPB)
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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