LSV Asset Management Acquires 1,500 Shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB)

LSV Asset Management boosted its holdings in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,078 shares of the financial services provider’s stock after buying an additional 1,500 shares during the quarter. LSV Asset Management’s holdings in Mid Penn Bancorp were worth $2,818,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MPB. Grace & White Inc. NY raised its holdings in Mid Penn Bancorp by 75.0% in the fourth quarter. Grace & White Inc. NY now owns 21,103 shares of the financial services provider’s stock worth $512,000 after purchasing an additional 9,042 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Mid Penn Bancorp by 15.0% during the 4th quarter. SG Americas Securities LLC now owns 8,052 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 1,050 shares in the last quarter. Endeavour Capital Advisors Inc. raised its stake in shares of Mid Penn Bancorp by 2.0% during the 3rd quarter. Endeavour Capital Advisors Inc. now owns 110,187 shares of the financial services provider’s stock worth $2,218,000 after acquiring an additional 2,136 shares in the last quarter. Trexquant Investment LP purchased a new stake in Mid Penn Bancorp during the third quarter valued at approximately $348,000. Finally, Swiss National Bank boosted its stake in Mid Penn Bancorp by 8.2% in the third quarter. Swiss National Bank now owns 31,517 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 2,400 shares in the last quarter. Institutional investors own 43.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MPB. Piper Sandler reduced their price target on Mid Penn Bancorp from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. StockNews.com raised Mid Penn Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, TheStreet downgraded Mid Penn Bancorp from a “b” rating to a “c+” rating in a report on Tuesday, February 13th.

Mid Penn Bancorp Trading Up 2.1 %

NASDAQ MPB opened at $21.75 on Friday. Mid Penn Bancorp, Inc. has a 12-month low of $18.32 and a 12-month high of $25.92. The company has a fifty day simple moving average of $20.30 and a two-hundred day simple moving average of $21.37. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19. The stock has a market cap of $360.48 million, a P/E ratio of 9.42 and a beta of 0.56.

Mid Penn Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 27th. Investors of record on Friday, May 10th will be paid a $0.20 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.68%. Mid Penn Bancorp’s dividend payout ratio (DPR) is 34.63%.

Insiders Place Their Bets

In other news, Director Soto Matthew G. De purchased 9,615 shares of the company’s stock in a transaction on Monday, April 29th. The shares were acquired at an average price of $20.76 per share, for a total transaction of $199,607.40. Following the purchase, the director now owns 79,190 shares in the company, valued at $1,643,984.40. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other Mid Penn Bancorp news, Director Theodore W. Mowery acquired 2,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $20.42 per share, for a total transaction of $40,840.00. Following the completion of the purchase, the director now directly owns 31,540 shares of the company’s stock, valued at $644,046.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Soto Matthew G. De bought 9,615 shares of Mid Penn Bancorp stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $20.76 per share, with a total value of $199,607.40. Following the acquisition, the director now owns 79,190 shares of the company’s stock, valued at $1,643,984.40. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 13,223 shares of company stock valued at $273,830. 10.70% of the stock is owned by company insiders.

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.