Hillsdale Investment Management Inc. Has $3.33 Million Holdings in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Hillsdale Investment Management Inc. lowered its stake in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,578 shares of the financial services provider’s stock after selling 1,900 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Mid Penn Bancorp were worth $3,333,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new stake in shares of Mid Penn Bancorp during the 4th quarter worth about $45,000. SG Americas Securities LLC lifted 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 buying 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 about $210,000. Semanteon Capital Management LP bought a new position in Mid Penn Bancorp in the fourth quarter valued at approximately $228,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Mid Penn Bancorp during the third quarter worth $272,000. 43.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Mid Penn Bancorp Stock Performance

Shares of NASDAQ:MPB opened at $25.39 on Friday. Mid Penn Bancorp, Inc. has a fifty-two week low of $19.20 and a fifty-two week high of $33.87. The company has a market capitalization of $491.45 million, a price-to-earnings ratio of 8.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.95 and a quick ratio of 0.94. The firm’s 50 day simple moving average is $28.48 and its 200 day simple moving average is $29.71.

Mid Penn Bancorp (NASDAQ:MPB) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.71. Mid Penn Bancorp had a return on equity of 8.43% and a net margin of 15.99%. As a group, sell-side analysts forecast that Mid Penn Bancorp, Inc. will post 3 earnings per share for the current year.

Mid Penn Bancorp Announces Dividend

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

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.