Semanteon Capital Management LP Buys New Holdings in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Semanteon Capital Management LP bought a new stake in Mid Penn Bancorp, Inc. (NASDAQ:MPB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,889 shares of the financial services provider’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MPB. Stonebridge Financial Group LLC bought a new stake in Mid Penn Bancorp during the 4th quarter worth approximately $45,000. SG Americas Securities LLC increased its holdings in Mid Penn Bancorp by 18.6% during the 4th quarter. SG Americas Securities LLC now owns 6,484 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 1,018 shares in the last quarter. Mystic Asset Management Inc. bought a new stake in Mid Penn Bancorp during the 4th quarter worth approximately $210,000. Thrivent Financial for Lutherans bought a new stake in Mid Penn Bancorp during the 3rd quarter worth approximately $272,000. Finally, Franklin Resources Inc. bought a new stake in Mid Penn Bancorp during the 3rd quarter worth approximately $285,000. 43.11% of the stock is owned by institutional investors.

Insider Activity

In other Mid Penn Bancorp news, CEO Rory G. Ritrievi bought 3,050 shares of Mid Penn Bancorp stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of $30.05 per share, with a total value of $91,652.50. Following the completion of the acquisition, the chief executive officer now directly owns 7,385 shares in the company, valued at approximately $221,919.25. The trade was a 70.36 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Soto Matthew G. De bought 2,575 shares of Mid Penn Bancorp stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of $29.07 per share, with a total value of $74,855.25. Following the completion of the acquisition, the director now owns 103,162 shares of the company’s stock, valued at $2,998,919.34. This represents a 2.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 9,007 shares of company stock valued at $266,467 over the last three months. Corporate insiders own 10.70% of the company’s stock.

Mid Penn Bancorp Stock Performance

Shares of MPB opened at $25.39 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a 50 day moving average price of $28.48 and a two-hundred day moving average price of $29.71. The firm has a market capitalization of $491.45 million, a P/E ratio of 8.76 and a beta of 0.53. Mid Penn Bancorp, Inc. has a 52 week low of $19.20 and a 52 week high of $33.87.

Mid Penn Bancorp (NASDAQ:MPB) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.71 EPS for the quarter, hitting analysts’ consensus estimates of $0.71. Mid Penn Bancorp had a return on equity of 8.43% and a net margin of 15.99%. Equities analysts forecast that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current fiscal year.

Mid Penn Bancorp Dividend Announcement

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

About Mid Penn Bancorp

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.