Wellington Management Group LLP Raises Stock Holdings in Mid Penn Bancorp, Inc. (NASDAQ:MPB)

Wellington Management Group LLP raised its stake in Mid Penn Bancorp, Inc. (NASDAQ:MPB) by 127.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,452,177 shares of the financial services provider’s stock after purchasing an additional 813,583 shares during the period. Wellington Management Group LLP owned 7.50% of Mid Penn Bancorp worth $41,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Mid Penn Bancorp by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 962,636 shares of the financial services provider’s stock valued at $27,762,000 after buying an additional 141,756 shares in the last quarter. Geode Capital Management LLC lifted its position in Mid Penn Bancorp by 5.3% during the third quarter. Geode Capital Management LLC now owns 350,375 shares of the financial services provider’s stock valued at $10,454,000 after acquiring an additional 17,730 shares during the last quarter. State Street Corp boosted its stake in Mid Penn Bancorp by 4.9% in the third quarter. State Street Corp now owns 302,384 shares of the financial services provider’s stock valued at $9,020,000 after acquiring an additional 14,148 shares in the last quarter. American Century Companies Inc. grew its holdings in Mid Penn Bancorp by 14.5% in the fourth quarter. American Century Companies Inc. now owns 244,971 shares of the financial services provider’s stock worth $7,065,000 after purchasing an additional 30,965 shares during the last quarter. Finally, Boston Partners acquired a new position in shares of Mid Penn Bancorp during the fourth quarter worth $2,630,000. 43.11% of the stock is currently owned by institutional investors.

Mid Penn Bancorp Stock Up 1.0 %

Mid Penn Bancorp stock opened at $24.24 on Friday. Mid Penn Bancorp, Inc. has a 1-year low of $19.20 and a 1-year high of $33.87. The business has a fifty day moving average price of $27.78 and a 200-day moving average price of $29.47. 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 stock has a market capitalization of $469.19 million, a price-to-earnings ratio of 8.36 and a beta of 0.53.

Mid Penn Bancorp (NASDAQ:MPB) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share 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%. Equities research analysts forecast that Mid Penn Bancorp, Inc. will post 3 EPS for the current fiscal year.

Mid Penn Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.80 dividend on an annualized basis and a yield of 3.30%. Mid Penn Bancorp’s payout ratio is 27.59%.

Insider Buying and Selling at Mid Penn Bancorp

In other Mid Penn Bancorp news, Director Soto Matthew G. De purchased 2,575 shares of Mid Penn Bancorp stock in a transaction on Tuesday, February 4th. The stock was bought at an average cost of $29.07 per share, with a total value of $74,855.25. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rory G. Ritrievi acquired 3,050 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were acquired at an average price of $30.05 per share, with a total value of $91,652.50. Following the completion of the purchase, the chief executive officer now owns 7,385 shares in the company, valued at approximately $221,919.25. This trade represents a 70.36 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 9,010 shares of company stock worth $266,495. 10.70% of the stock is owned by corporate 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.