Mid Penn Bancorp (MPB) to Release Quarterly Earnings on Wednesday

Mid Penn Bancorp (NASDAQ:MPB) will likely be issuing its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.62 per share and revenue of $47.20 million for the quarter.

Mid Penn Bancorp (NASDAQ:MPB) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.71. Mid Penn Bancorp had a return on equity of 8.43% and a net margin of 15.99%. On average, analysts expect Mid Penn Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Mid Penn Bancorp Stock Up 0.6 %

MPB opened at $25.39 on Monday. Mid Penn Bancorp has a twelve month low of $19.75 and a twelve month high of $33.87. The firm has a market cap of $491.45 million, a price-to-earnings ratio of 8.76 and a beta of 0.58. The firm’s 50-day simple moving average is $26.54 and its 200-day simple moving average is $29.08. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.95.

Mid Penn Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Friday, February 7th. Mid Penn Bancorp’s payout ratio is 27.59%.

Insider Transactions at Mid Penn Bancorp

In other news, CEO Rory G. Ritrievi purchased 3,050 shares of Mid Penn Bancorp stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $30.05 per share, with a total value of $91,652.50. Following the completion of the transaction, the chief executive officer now directly owns 7,385 shares in the company, valued at $221,919.25. This trade represents a 70.36 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Soto Matthew G. De purchased 2,575 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average cost of $29.07 per share, with a total value of $74,855.25. Following the acquisition, the director now directly owns 103,162 shares in the company, valued at $2,998,919.34. This trade represents a 2.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 9,010 shares of company stock valued at $266,495 in the last three months. 8.10% 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.