Will Mid Penn Bancorp (NASDAQ:MPB) Run Out of Steam Soon? Short Interest Is Down

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

Investors sentiment decreased to 1.07 in 2018 Q4. Its down 2.18, from 3.25 in 2018Q3. It fall, as 3 investors sold Mid Penn Bancorp, Inc. shares while 11 reduced holdings. 2 funds opened positions while 13 raised stakes. 1.18 million shares or 46.51% less from 2.20 million shares in 2018Q3 were reported.
Minerva Llc has invested 0.72% of its portfolio in Mid Penn Bancorp, Inc. (NASDAQ:MPB). Gendell Jeffrey L holds 156,841 shares. Pennsylvania-based Wharton Business Grp Ltd Limited Liability Company has invested 0.08% in Mid Penn Bancorp, Inc. (NASDAQ:MPB). Bancorporation Of America De stated it has 8,359 shares or 0% of all its holdings. Dimensional Fund Advisors Lp holds 0% of its portfolio in Mid Penn Bancorp, Inc. (NASDAQ:MPB) for 29,147 shares. Ubs Asset Mngmt Americas stated it has 202 shares. Bancshares Of Montreal Can, a Ontario – Canada-based fund reported 65 shares. 11,392 were accumulated by Wells Fargo And Mn. New York-based Financial Bank Of Mellon has invested 0% in Mid Penn Bancorp, Inc. (NASDAQ:MPB). Legal & General Gru Public Ltd has invested 0% of its portfolio in Mid Penn Bancorp, Inc. (NASDAQ:MPB). Strs Ohio holds 0% of its portfolio in Mid Penn Bancorp, Inc. (NASDAQ:MPB) for 1,400 shares. Ameritas Inv Prtn holds 0% or 399 shares in its portfolio. American International Group holds 0% of its portfolio in Mid Penn Bancorp, Inc. (NASDAQ:MPB) for 3,096 shares. 6,292 are held by Deutsche Bank Ag. Morgan Stanley holds 0% or 11,742 shares in its portfolio.

Since September 28, 2018, it had 38 insider buys, and 0 selling transactions for $587,786 activity. 17 shares valued at $496 were bought by Abel Robert A on Friday, September 28. The insider Boyer Steven T bought $2,011. Another trade for 700 shares valued at $17,439 was bought by De Soto Matthew G. Noone John E bought 1,000 shares worth $24,950. The insider MOWERY THEODORE W bought 1,000 shares worth $25,307. 550 Mid Penn Bancorp, Inc. (NASDAQ:MPB) shares with value of $14,642 were bought by Moisey Robert J.

The stock of Mid Penn Bancorp (NASDAQ:MPB) registered a decrease of 7.22% in short interest. MPB’s total short interest was 61,700 shares in March as published by FINRA. Its down 7.22% from 66,500 shares, reported previously. With 3,800 shares average volume, it will take short sellers 16 days to cover their MPB’s short positions.

The stock increased 1.48% or $0.36 during the last trading session, reaching $24.75. About 12,487 shares traded or 76.42% up from the average. Mid Penn Bancorp, Inc. (NASDAQ:MPB) has declined 23.20% since March 17, 2018 and is downtrending. It has underperformed by 27.57% the S&P500.

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 $209.38 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 16.68 P/E ratio. The firm also provides a range of loan products comprising 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.

More notable recent Mid Penn Bancorp, Inc. (NASDAQ:MPB) news were published by: Bizjournals.com which released: “Bank Notes: Sale of Chesco bank earns regulatory approval – Philadelphia Business Journal” on June 04, 2018, also Globenewswire.com with their article: “Shareholders of Mid Penn Bancorp, Inc. and The Scottdale Bank & Trust Company Approve Merger – GlobeNewswire” published on November 17, 2017, Bizjournals.com published: “Shareholders OK local bank purchase – Pittsburgh Business Times” on November 20, 2017. 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 relocate Allentown Boulevard branch – GlobeNewswire” published on February 15, 2019 as well as Globenewswire.com‘s news article titled: “Mid Penn Bancorp, Inc. Reports 2018 Annual Earnings and Declares Both a Quarterly and Special Dividend – GlobeNewswire” with publication date: January 28, 2019.

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

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