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Mid Penn Bancorp (MPB)

Company Profile

Company profile

Ticker

MPB

Exchange

Website

www.midpennbank.com

CEO

Mr. Rory G. Ritrievi

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

The Bank of New York Mellon Corporation • State Street • Ally Financial • Citizens Financial • Northern Trust • M&T Bank • First Citizens BancShares • East West Bancorp • Associated Banc-Corp • Commerce Bancshares ...

Former names

APA Enterprises, Inc., APA OPTICS INC /MN/

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

MPB Financial Services LLC • MPB Wealth Management LLC • MPB Risk Services LLC • MPB Launchpad Fund 1 LLC • MPB Realty Holding LLC ...

IRS number

251666413

MPB stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$36.00

Low target

$35.00

High target

$37.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

Quarterly report

7 Nov 24

Mid Penn Bancorp, Inc. Announces Closing of Public Offering of Common Stock

Business combination disclosure

Mid Penn Bancorp, Inc. Announces Pricing of $70 Million

Prospectus supplement for primary offering

Free writing prospectus

Prospectus supplement for primary offering

Business combination disclosure

Mid Penn Bancorp, Inc. to Acquire

Latest ownership filings

View all

Maureen M. Gathagan

Hudson Susan Doris

Albert J. Evans

Kimberly J Brumbaugh

Soto Matthew G De

THEODORE W MOWERY

RORY G RITRIEVI

William A Specht III

Financial summary

Financial statements Chart MPB financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q2 2024

MPB institutional ownership history Ownership history

19.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	44	84	-47.6%
Opened positions	14	64	-78.1%
Closed positions	54	2	+2600.0%
Increased positions	12	2	+500.0%
Reduced positions	7	4	+75.0%

13F shares	Current	Prev Q	Change
Total value	35.97 bn	120.40 bn	-70.1%
Total shares	3.28 mm	8.38 mm	-60.8%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Lawrence Keister & Co	1.00 mm	$32.91 mm	0.0%
Bay Pond Partners	603.75 k	$19.16 mm	0.0%
Alliancebernstein	338.23 k	$7.42 bn	+1.8%
STT State Street	288.24 k	$6.33 bn	-1.1%
Manufacturers Life Insurance Company, The	217.01 k	$4.76 bn	-0.3%
Kennedy Capital Management	99.43 k	$2.18 bn	+3.5%
BK The Bank of New York Mellon Corporation	72.68 k	$1.60 bn	+7.6%
Bridgeway Capital Management	60.21 k	$1.32 bn	+4.0%
RKL Wealth Management	55.23 k	$1.21 bn	0.0%
Endeavour Capital Advisors	54.26 k	$1.19 bn	NEW

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-1.16 mm	EXIT
Wellington Management	0.00	-698.50 k	EXIT
Vanguard	0.00	-688.36 k	EXIT
Banc Funds	0.00	-459.83 k	EXIT
Dimensional Fund Advisors	0.00	-387.67 k	EXIT
Geode Capital Management	0.00	-313.22 k	EXIT
Royce & Associates	0.00	-222.18 k	EXIT
TFO USA	0.00	-197.11 k	EXIT
Emerald Mutual Fund Advisers Trust	0.00	-162.28 k	EXIT
American Century Companies	0.00	-132.67 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MPB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Dec 24	Gathagan Maureen M.	Mid Penn Bancorp, Inc. Common Stock	Buy	Acquire P	No	No	31.8023	9	286.22	10,223.691
1 Nov 24	Rory G Ritrievi	Mid Penn Bancorp, Inc. Common Stock	Buy	Acquire P	No	No	29.5	500	14.75 k	49,528.84
1 Nov 24	William A Specht III	Mid Penn Bancorp, Inc. Common Stock	Buy	Acquire P	No	No	29.5	1,356	40.00 k	10,557
1 Nov 24	Justin T. Webb	Mid Penn Bancorp, Inc. Common Stock	Buy	Acquire P	No	No	29.5	500	14.75 k	12,206.904
1 Nov 24	Micklewright Scott W	Mid Penn Bancorp, Inc. Common Stock	Buy	Acquire P	No	No	29.5	500	14.75 k	16,176.992

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

William Penn To Merge With And Into Mid Penn Bancorp In An All-stock Transaction Valued At Approximately $127M

Headquartered in Bristol, Pennsylvania, William Penn operates 12 branches across Pennsylvania and New Jersey. As of September 30, 2024, William Penn had approximately $812 million in total assets, $465 million in total

Keefe, Bruyette & Woods Maintains Outperform on Mid Penn Bancorp, Raises Price Target to $37

Keefe, Bruyette & Woods analyst Timothy Switzer maintains Mid Penn Bancorp (NASDAQ:MPB) with a Outperform and raises the price target from $34 to $37.

Piper Sandler Maintains Overweight on Mid Penn Bancorp, Raises Price Target to $35

Piper Sandler analyst Frank Schiraldi maintains Mid Penn Bancorp (NASDAQ:MPB) with a Overweight and raises the price target from $31 to $35.

Mid Penn Bancorp Q3 2024 Adj EPS $0.75 Beats $0.71 Estimate, Sales $45.35M Beat $44.51M Estimate

Press releases

From Benzinga Pro

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALTR, MPB, CDMO, AVAV on Behalf of Shareholders

NEW YORK, Dec. 9, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties

Kuehn Law Encourages AVAV, CCRN, MPB, and ENLC Investors to Contact Law Firm

NEW YORK, Dec. 6, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers. Kuehn Law may seek additional disclosures or

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALTR, MPB, AVTE on Behalf of Shareholders

NEW YORK, Nov. 8, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties

WILLIAM PENN INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of William Penn Bancorporation - WMPN

Mid Penn Bancorp, Inc. Announces Closing of Public Offering of Common Stock

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