Mid Penn Bancorp Inc (NASDAQ:MPB) Institutional Investors Sentiment Index Up in Q2 2019

Mid Penn Bancorp, Inc. (NASDAQ:MPB) Logo

Sentiment for Mid Penn Bancorp Inc (NASDAQ:MPB)

Mid Penn Bancorp Inc (NASDAQ:MPB) institutional sentiment increased to 3.13 in Q2 2019. Its up 1.38, from 1.75 in 2019Q1. The ratio has increased, as 25 investment managers opened new or increased stock positions, while 8 decreased and sold their holdings in Mid Penn Bancorp Inc. The investment managers in our partner’s database now have: 2.74 million shares, up from 1.20 million shares in 2019Q1. Also, the number of investment managers holding Mid Penn Bancorp Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 7 Increased: 20 New Position: 5.

Mid Penn Bancorp, Inc. operates as the holding firm for Mid Penn Bank that provides commercial banking and trust business services to individuals, partnerships, non-profit organizations, and firms in Pennsylvania. The company has market cap of $229.94 million. It offers various time and demand deposit products, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and individual retirement accounts. It has a 14.18 P/E ratio. The firm also provides a range of loan products comprising installment loans, 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.

The stock increased 0.70% or $0.18 during the last trading session, reaching $25.98. About 4,383 shares traded. Mid Penn Bancorp, Inc. (NASDAQ:MPB) has declined 20.12% since September 13, 2018 and is downtrending. It has underperformed by 20.12% the S&P500.

Analysts await Mid Penn Bancorp, Inc. (NASDAQ:MPB) to report earnings on October, 24. They expect $0.57 earnings per share, down 5.00 % or $0.03 from last year’s $0.6 per share. MPB’s profit will be $5.04M for 11.39 P/E if the $0.57 EPS becomes a reality. After $0.52 actual earnings per share reported by Mid Penn Bancorp, Inc. for the previous quarter, Wall Street now forecasts 9.62 % EPS growth.

Minerva Advisors Llc holds 0.67% of its portfolio in Mid Penn Bancorp, Inc. for 49,637 shares. Gendell Jeffrey L owns 129,468 shares or 0.4% of their US portfolio. Moreover, Eidelman Virant Capital has 0.27% invested in the company for 20,842 shares. The New York-based Salzhauer Michael has invested 0.23% in the stock. Banc Funds Co Llc, a Illinois-based fund reported 55,067 shares.

Since January 1, 0001, it had 25 insider buys, and 0 sales for $145,966 activity.

More notable recent Mid Penn Bancorp, Inc. (NASDAQ:MPB) news were published by: Globenewswire.com which released: “Mid Penn Bank opens new branch office in Halifax – GlobeNewswire” on January 12, 2018, also Globenewswire.com with their article: “Miners Bank offices receive branding makeover to reflect Mid Penn Bank name – GlobeNewswire” published on July 01, 2019, Globenewswire.com published: “Mid Penn Bancorp, Inc. completes merger with The Scottdale Bank & Trust Company – GlobeNewswire” on January 09, 2018. 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 Establish Hazle Township Branch – GlobeNewswire” published on July 30, 2019 as well as Globenewswire.com‘s news article titled: “Mid Penn Bancorp, Inc. and Mid Penn Bank Announce Appointment of New Board Member – GlobeNewswire” with publication date: January 25, 2019.

Mid Penn Bancorp, Inc. (NASDAQ:MPB) Institutional Positions Chart

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