De Lisle Partners LLP Increases Stock Position in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

De Lisle Partners LLP boosted its position in Mid Penn Bancorp, Inc. (NASDAQ:MPB) by 14.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,263 shares of the financial services provider’s stock after buying an additional 7,787 shares during the quarter. De Lisle Partners LLP’s holdings in Mid Penn Bancorp were worth $1,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Mid Penn Bancorp by 1.8% during the first quarter. Vanguard Group Inc. now owns 688,363 shares of the financial services provider’s stock worth $13,774,000 after buying an additional 12,314 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Mid Penn Bancorp by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 418,963 shares of the financial services provider’s stock valued at $9,195,000 after purchasing an additional 31,292 shares in the last quarter. LSV Asset Management lifted its position in shares of Mid Penn Bancorp by 21.0% during the second quarter. LSV Asset Management now owns 156,059 shares of the financial services provider’s stock worth $3,425,000 after purchasing an additional 27,098 shares during the last quarter. American Century Companies Inc. grew its stake in Mid Penn Bancorp by 8.8% in the second quarter. American Century Companies Inc. now owns 144,397 shares of the financial services provider’s stock worth $3,170,000 after purchasing an additional 11,731 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in Mid Penn Bancorp by 126.4% in the first quarter. Kennedy Capital Management LLC now owns 96,086 shares of the financial services provider’s stock valued at $1,923,000 after buying an additional 53,650 shares during the last quarter. 43.11% of the stock is owned by hedge funds and other institutional investors.

Mid Penn Bancorp Trading Down 0.7 %

Shares of NASDAQ MPB opened at $32.07 on Thursday. Mid Penn Bancorp, Inc. has a 12-month low of $19.20 and a 12-month high of $33.87. 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 company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $30.92 and its 200 day simple moving average is $26.90.

Mid Penn Bancorp Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Mid Penn Bancorp

In other Mid Penn Bancorp news, Director Albert J. Evans acquired 8,474 shares of Mid Penn Bancorp stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $29.50 per share, for a total transaction of $249,983.00. Following the completion of the transaction, the director now owns 34,712 shares in the company, valued at approximately $1,024,004. This represents a 32.30 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders bought 9,669 shares of company stock worth $285,241. Insiders own 9.90% of the company’s stock.

Mid Penn Bancorp Company 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.