ValuEngine lowered shares of Mid Penn Bancorp (NASDAQ:MPB) from a buy rating to a hold rating in a research note issued to investors on Friday.

Mid Penn Bancorp (NASDAQ MPB) opened at $34.25 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.27. Mid Penn Bancorp has a one year low of $22.25 and a one year high of $35.75. The company has a market cap of $141.25, a price-to-earnings ratio of 13.01 and a beta of 0.46.

The business also recently declared a special dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, December 21st will be issued a $0.10 dividend. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, December 20th. Mid Penn Bancorp’s dividend payout ratio (DPR) is currently 25.49%.

Large investors have recently added to or reduced their stakes in the stock. ZPR Investment Management boosted its holdings in shares of Mid Penn Bancorp by 1.5% during the 2nd quarter. ZPR Investment Management now owns 14,550 shares of the financial services provider’s stock valued at $399,000 after buying an additional 209 shares in the last quarter. Wharton Business Group LLC boosted its holdings in shares of Mid Penn Bancorp by 52.4% during the 2nd quarter. Wharton Business Group LLC now owns 25,737 shares of the financial services provider’s stock valued at $695,000 after buying an additional 8,850 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Mid Penn Bancorp by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,661 shares of the financial services provider’s stock valued at $704,000 after buying an additional 810 shares in the last quarter. Institutional investors and hedge funds own 5.74% of the company’s stock.

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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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