Mid Penn Bancorp, Inc. (NASDAQ:MPB) Director Robert A. Abel purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average price of $33.10 per share, for a total transaction of $33,100.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB) opened at $31.00 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $139.92, a price-to-earnings ratio of 13.20 and a beta of 0.46. Mid Penn Bancorp, Inc. has a 12-month low of $25.10 and a 12-month high of $37.90.
Mid Penn Bancorp (NASDAQ:MPB) last posted its earnings results on Friday, January 26th. The financial services provider reported $0.43 EPS for the quarter. The company had revenue of $10.82 million for the quarter. Mid Penn Bancorp had a return on equity of 14.12% and a net margin of 14.30%.
Separately, ValuEngine downgraded Mid Penn Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
A hedge fund recently raised its stake in Mid Penn Bancorp stock. ZPR Investment Management boosted its position in shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,550 shares of the financial services provider’s stock after purchasing an additional 209 shares during the quarter. ZPR Investment Management owned approximately 0.34% of Mid Penn Bancorp worth $399,000 at the end of the most recent reporting period. 5.74% of the stock is owned by institutional investors.
About Mid Penn Bancorp
Mid Penn Bancorp, Inc (Mid Penn) is the bank holding company for Mid Penn Bank (the Bank). The Bank engages in a full-service commercial banking and trust business, providing a range of financial services, including mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, community development loans, loans to non-profit entities and local government loans, and various types of time and demand deposits, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit and individual retirement accounts (IRAs).
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