Mid Penn Bancorp, Inc. (NASDAQ:MPB) Shares Bought by De Lisle Partners LLP

De Lisle Partners LLP grew its stake in Mid Penn Bancorp, Inc. (NASDAQ:MPB) by 14.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,263 shares of the financial services provider’s stock after acquiring an additional 7,787 shares during the quarter. De Lisle Partners LLP owned about 0.37% of Mid Penn Bancorp worth $1,826,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. McClarren Financial Advisors Inc. lifted its holdings in Mid Penn Bancorp by 5,438.1% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 1,163 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,142 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Mid Penn Bancorp in the third quarter valued at approximately $163,000. Cornercap Investment Counsel Inc. acquired a new position in shares of Mid Penn Bancorp in the third quarter valued at approximately $263,000. Thrivent Financial for Lutherans purchased a new position in shares of Mid Penn Bancorp during the third quarter valued at approximately $272,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in Mid Penn Bancorp in the 2nd quarter worth approximately $278,000. Institutional investors and hedge funds own 43.11% of the company’s stock.

Mid Penn Bancorp Trading Down 0.7 %

MPB stock opened at $32.07 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. The company has a market cap of $533.00 million, a price-to-earnings ratio of 11.02 and a beta of 0.57. The business has a fifty day simple moving average of $30.92 and a 200-day simple moving average of $26.90. Mid Penn Bancorp, Inc. has a 52 week low of $19.20 and a 52 week high of $33.87.

Mid Penn Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.49%. Mid Penn Bancorp’s dividend payout ratio (DPR) is 27.49%.

Insiders Place Their Bets

In related news, Director Albert J. Evans acquired 8,474 shares of the business’s stock in a transaction on Friday, November 1st. The shares were bought at an average cost of $29.50 per share, with a total value of $249,983.00. Following the completion of the transaction, the director now directly owns 34,712 shares of the company’s stock, valued at $1,024,004. This trade represents a 32.30 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired a total of 9,669 shares of company stock worth $285,241 over the last ninety days. 9.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

MPB has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on Mid Penn Bancorp from $31.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods increased their target price on Mid Penn Bancorp from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Finally, StockNews.com cut Mid Penn Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 14th.

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.