<div id="readability-page-1"><p>Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.16), FiscalAI reports. The company had revenue of $64.85 million for the quarter, compared to analyst estimates of $63.15 million. Mid Penn Bancorp had a return on equity of 8.64% and a net margin of 16.04%.</p><div><p><span></span><span>Get <strong>Mid Penn Bancorp</strong> alerts:</span></p></div><h2>Mid Penn Bancorp Stock Down 2.8%</h2><p>MPB traded down $0.96 on Tuesday, reaching $33.43. 145,103 shares of the company traded hands, compared to its average volume of 148,529. The stock's 50 day moving average price is $32.63 and its 200-day moving average price is $31.23. Mid Penn Bancorp has a 52-week low of $25.47 and a 52-week high of $35.22. The company has a market cap of $847.12 million, a price-to-earnings ratio of 13.11 and a beta of 0.51. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.94. </p><h2>Mid Penn Bancorp Dividend Announcement</h2><p>The business also recently disclosed a special dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, February 6th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a yield of 254.0%. Mid Penn Bancorp's payout ratio is presently 34.51%. </p><h2>Analysts Set New Price Targets</h2><p>MPB has been the topic of several recent analyst reports. Weiss Ratings upgraded Mid Penn Bancorp from a &#34;hold (c+)&#34; rating to a &#34;buy (b-)&#34; rating in a report on Monday, February 23rd. Wall Street Zen cut Mid Penn Bancorp from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research note on Saturday, January 24th. Two investment analysts have rated the stock with a Buy rating,  Based on data from MarketBeat, the company currently has a consensus rating of &#34;Buy&#34; and an average target price of $37.00.</p><p><b>Get Our Latest Report on Mid Penn Bancorp</b></p><h2>Insider Activity at Mid Penn Bancorp</h2><p>In other news, Director Thomas R. Brugger purchased 818 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $31.35 per share, with a total value of $25,644.30. Following the purchase, the director owned 6,110 shares in the company, valued at $191,548.50. This represents a 15.46% increase in their position. The purchase was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, Director Soto Matthew G. De purchased 972 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $30.85 per share, with a total value of $29,986.20. Following the purchase, the director owned 4,299 shares in the company, valued at $132,624.15. This represents a 29.22% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 3,408 shares of company stock valued at $105,578. 7.20% of the stock is currently owned by company insiders. </p><h2>Institutional Investors Weigh In On Mid Penn Bancorp</h2><p>Large investors have recently made changes to their positions in the company. Empowered Funds LLC grew its stake in shares of  Mid Penn Bancorp by 55.2% in the 1st quarter. Empowered Funds LLC now owns 57,505 shares of the financial services provider's stock valued at $1,490,000 after buying an additional 20,442 shares in the last quarter.  Los Angeles Capital Management LLC grew its stake in shares of  Mid Penn Bancorp by 230.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 29,175 shares of the financial services provider's stock valued at $840,000 after buying an additional 20,350 shares in the last quarter.  Wells Fargo &amp; Company MN grew its stake in shares of  Mid Penn Bancorp by 7.7% in the 4th quarter. Wells Fargo &amp; Company MN now owns 27,033 shares of the financial services provider's stock valued at $839,000 after buying an additional 1,923 shares in the last quarter.  Rhumbline Advisers boosted its position in  Mid Penn Bancorp by 19.5% during the second quarter. Rhumbline Advisers now owns 28,696 shares of the financial services provider's stock worth $809,000 after purchasing an additional 4,677 shares during the period.  Finally, Invesco Ltd. boosted its position in  Mid Penn Bancorp by 5.6% during the second quarter. Invesco Ltd. now owns 23,604 shares of the financial services provider's stock worth $666,000 after purchasing an additional 1,244 shares during the period. Institutional investors own  43.11% of the company's stock. </p><h2>Mid Penn Bancorp Company Profile</h2> (Get Free Report)<p>Mid Penn Bancorp, Inc is a bank holding company headquartered in Hummelstown, Pennsylvania, serving as the parent of Mid Penn Bank. As a full-service financial institution, Mid Penn Bank operates a network of branches across central Pennsylvania, delivering retail and commercial banking services to individuals, families and businesses in its regional markets.  </p><p>Through its banking subsidiary, the company offers a broad range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside consumer and commercial lending solutions.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Mid Penn Bancorp</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TVBC?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TVBC"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Mid Penn Bancorp Right Now?</h2><p>Before you consider Mid Penn Bancorp, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mid Penn Bancorp wasn't on the list.</p><p>While Mid Penn Bancorp currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Mid Penn Bancorp (NASDAQ:MPB) reported quarterly earnings of $0.64 EPS, missing estimates of $0.80 by $0.16. The company had revenue of $64.85 million, exceeding expectations of $63.15 million. It recorded a net margin of 16.04% and a return on equity of 8.64%. The stock fell 2.8% to $33.43. Additionally, a special dividend of $0.05 per share was announced. Analysts have mixed ratings, with a consensus rating of "Buy" and an average target price of $37.00. Insider purchases were noted, and institutional investors have increased their stakes in the company.</p>

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Mid Penn Bancorp (NASDAQ:MPB) Announces Quarterly Earnings Results