Semanteon Capital Management LP Makes New $228,000 Investment in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Semanteon Capital Management LP bought a new position in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB) during the 4th quarter, HoldingsChannel reports. The firm bought 7,889 shares of the financial services provider’s stock, valued at approximately $228,000.

Several other institutional investors have also recently made changes to their positions in MPB. Empowered Funds LLC lifted its position in shares of Mid Penn Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 35,350 shares of the financial services provider’s stock worth $1,054,000 after acquiring an additional 1,742 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Mid Penn Bancorp during the third quarter worth $272,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Mid Penn Bancorp during the third quarter worth $1,626,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Mid Penn Bancorp during the third quarter worth $542,000. Finally, De Lisle Partners LLP lifted its position in shares of Mid Penn Bancorp by 14.6% during the third quarter. De Lisle Partners LLP now owns 61,263 shares of the financial services provider’s stock worth $1,826,000 after acquiring an additional 7,787 shares in the last quarter. Hedge funds and other institutional investors own 43.11% of the company’s stock.

Mid Penn Bancorp Trading Down 2.2 %

NASDAQ:MPB opened at $25.39 on Friday. The company has a market cap of $491.45 million, a P/E ratio of 8.76 and a beta of 0.53. The stock’s fifty day moving average price is $28.48 and its two-hundred day moving average price is $29.71. Mid Penn Bancorp, Inc. has a 1 year low of $19.20 and a 1 year high of $33.87. 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 released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share for the quarter, hitting the consensus estimate of $0.71. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%. As a group, analysts expect that Mid Penn Bancorp, Inc. will post 3 EPS for the current year.

Mid Penn Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were issued a $0.20 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.80 annualized dividend and a dividend yield of 3.15%. Mid Penn Bancorp’s payout ratio is currently 27.59%.

Insider Transactions at Mid Penn Bancorp

In other news, Director Soto Matthew G. De bought 2,575 shares of Mid Penn Bancorp stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average price of $29.07 per share, with a total value of $74,855.25. Following the completion of the purchase, the director now directly owns 103,162 shares in the company, valued at $2,998,919.34. The trade was a 2.56 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Rory G. Ritrievi bought 3,365 shares of Mid Penn Bancorp stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average cost of $29.56 per share, for a total transaction of $99,469.40. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 9,007 shares of company stock valued at $266,467. 10.70% of the stock is currently owned by company insiders.

Mid Penn Bancorp 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.