Mid Penn Bancorp (NASDAQ:MPB) Stake Cut by Emerald Advisers Inc. PA

Emerald Advisers Inc. PA lowered its position in Mid Penn Bancorp (NASDAQ:MPB) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,098 shares of the financial services provider’s stock after selling 1,628 shares during the period. Emerald Advisers Inc. PA owned approximately 0.71% of Mid Penn Bancorp worth $813,000 at the end of the most recent quarter.

Shares of Mid Penn Bancorp (MPB) traded up 1.29% on Friday, hitting $27.45. The company’s stock had a trading volume of 579 shares. The stock’s 50 day moving average is $26.74 and its 200-day moving average is $26.97. The company has a market cap of $116.33 million, a price-to-earnings ratio of 13.97 and a beta of 0.47. Mid Penn Bancorp has a 52 week low of $18.09 and a 52 week high of $28.95.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Wednesday, August 9th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.52 annualized dividend and a yield of 1.89%. Mid Penn Bancorp’s dividend payout ratio (DPR) is presently 26.53%.

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Separately, ValuEngine raised Mid Penn Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

Mid Penn Bancorp Company Profile

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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