Dividend Alert: $0.12 just might be within reach for Mid Penn Bancorp (NASDAQ:MPB) shareholder.

Dividend Alert: $0.12 just might be within reach for Mid Penn Bancorp (NASDAQ:MPB) shareholder.

Mid Penn Bancorp (NASDAQ:MPB) is expected to pay $0.12 on Nov 28, 2016. The indicated annual dividend is $0.48. Shareholders owning the stock before Nov 7, 2016 will be eligible to receive the payout. Based on Mid Penn Bancorp’s current price of $19.00, the dividend is 0.63%. This dividend’s record date is Nov 9, 2016 and the announcement date is Oct 27, 2016. The stock increased 2.43% or $0.45 on November 4, hitting $19. About 6,158 shares traded hands or 275.49% up from the average. Mid Penn Bancorp, Inc. (NASDAQ:MPB) has risen 27.52% since April 5, 2016 and is uptrending. It has outperformed by 25.56% the S&P500.

Mid Penn Bancorp, Inc. is the bank holding firm for Mid Penn Bank (the Bank). The company has a market cap of $80.41 million. 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). It has a 11.25 P/E ratio. The Bank provides a range of trust and retail investment services.

Insitutional Activity: The institutional sentiment is 2 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, as 1 funds sold all Mid Penn Bancorp, Inc. shares owned while 2 reduced positions. only 4 funds bought stakes while 2 increased positions. They now own 203,972 shares or 103.50% more from 100,232 shares in 2016Q1.
Wharton Business Gru Ltd, a Pennsylvania-based fund reported 16,887 shares. Tower Rech Capital Lc (Trc) holds 0% or 536 shares in its portfolio. Massmutual Trust Co Fsb Adv holds 0% or 50,044 shares in its portfolio. Emerald Advisers Inc Pa holds 0.03% of its portfolio in Mid Penn Bancorp, Inc. (NASDAQ:MPB) for 36,205 shares. Welch And Forbes Limited Liability Corporation holds 0.02% of its portfolio in Mid Penn Bancorp, Inc. (NASDAQ:MPB) for 50,044 shares. Bryn Mawr Tru owns 21,452 shares or 0.02% of their US portfolio. Moreover, Wells Fargo And Mn has 0% invested in Mid Penn Bancorp, Inc. (NASDAQ:MPB) for 1 shares. Dimensional Fund Advsr L P accumulated 24,851 shares or 0% of the stock. Moreover, Ladenburg Thalmann Financial Service has 0% invested in Mid Penn Bancorp, Inc. (NASDAQ:MPB) for 2,200 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Manufacturers Life The holds 0% or 304 shares in its portfolio. Blackrock Fund holds 0% of its portfolio in Mid Penn Bancorp, Inc. (NASDAQ:MPB) for 733 shares. The New Jersey-based Blackrock Inv Limited Com has invested 0% in Mid Penn Bancorp, Inc. (NASDAQ:MPB).

Insider Transactions: Since June 14, 2016, the stock had 8 insider buys, and 0 insider sales for $156,329 net activity. 4,000 shares were bought by Peduzzi Michael D, worth $67,690. $3,612 worth of shares were bought by Klinger Robert E on Wednesday, August 17. $15,775 worth of Mid Penn Bancorp, Inc. (NASDAQ:MPB) was bought by Paese Joseph L on Tuesday, June 14. $26,775 worth of Mid Penn Bancorp, Inc. (NASDAQ:MPB) was bought by Noone John E. Shares for $18,250 were bought by Abel Robert A.

More notable recent Mid Penn Bancorp, Inc. (NASDAQ:MPB) news were published by: Globenewswire.com which released: “Mid Penn Bancorp, Inc. Declares Quarterly Dividend” on October 26, 2016, also Nasdaq.com with their article: “Mid Penn Bancorp, Inc. Reports Improvement in Quarterly and Year-Over-Year …” published on October 24, 2016, Globenewswire.com published: “Mid Penn Bancorp, Inc. Announces Completion of Merger” on March 02, 2015. More interesting news about Mid Penn Bancorp, Inc. (NASDAQ:MPB) were released by: Globenewswire.com and their article: “Mid Penn Bank seeks regulatory approval to open New Holland branch” published on November 01, 2016 as well as Globenewswire.com‘s news article titled: “Mid Penn Bancorp, Inc. and Phoenix Bancorp, Inc. Announce Agreement to Merge” with publication date: August 27, 2014.

MPB Company Profile

Mid Penn Bancorp, Inc. (Mid Penn), incorporated on August 14, 1991, is the bank holding firm 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, construction financing, farm loans, 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). The Bank provides a range of trust and retail investment services. The Bank also offers other services, such as online banking, telephone banking, cash management services, automated teller services and safe deposit boxes. The Bank has approximately 20 retail banking properties located in Cumberland, Dauphin, Lancaster, Luzerne, Northumberland and Schuylkill Counties in Pennsylvania.

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