Mid Penn Bancorp, Inc. (NASDAQ:MPB) Director Robert J. Moisey purchased 550 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was acquired at an average cost of $26.62 per share, for a total transaction of $14,641.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NASDAQ MPB traded up $0.05 during trading hours on Friday, hitting $26.33. The company’s stock had a trading volume of 100 shares, compared to its average volume of 12,541. Mid Penn Bancorp, Inc. has a 52 week low of $24.17 and a 52 week high of $37.90. The stock has a market cap of $226.46 million, a price-to-earnings ratio of 13.89 and a beta of 0.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 0.87.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Investors of record on Wednesday, November 7th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.60 annualized dividend and a yield of 2.28%.
A number of large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. purchased a new stake in shares of Mid Penn Bancorp during the 2nd quarter worth approximately $311,000. Bank of New York Mellon Corp purchased a new stake in shares of Mid Penn Bancorp during the 2nd quarter worth approximately $497,000. Renaissance Technologies LLC bought a new position in Mid Penn Bancorp in the 2nd quarter worth approximately $527,000. Salzhauer Michael bought a new position in Mid Penn Bancorp in the 3rd quarter worth approximately $578,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Mid Penn Bancorp by 23.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 31,573 shares of the financial services provider’s stock worth $1,102,000 after buying an additional 5,912 shares during the period. Hedge funds and other institutional investors own 8.68% of the company’s stock.
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Mid Penn Bancorp Company Profile
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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