Revenue Update on Mid Penn Bancorp(NASDAQ:MPB)

Mid Penn Bancorp(NASDAQ:MPB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $9.93M. Analysts estimated a revenue of $5.69M. Earnings per share were $0.48.

Mid Penn Bancorp (MPB) shares turned negative on Wednesdays trading session with the shares closing down -0.0272 points or -0.17% at a volume of 2,100. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.0999. The peak price level was also seen at $16.0999 while the days lowest was $15.9. Finally the shares closed at $15.92. The 52-week high of the shares is $17.46 while the 52-week low is $14.6501. According to the latest information available, the market cap of the company is $67 M.

Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, John E Noone (director) purchased 1,400 shares at $15.65 per share price.Also, On Jun 17, 2016, Joseph L Paese (EVP, Dir of Trust, Wealth Mgmt) purchased 1,000 shares at $15.81 per share price.On Mar 24, 2016, Robert E Klinger (director) purchased 200 shares at $14.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Mid Penn Bancorp Inc. (Mid Penn) is the bank holding company for Mid Penn Bank (the Bank). The Bank provides range of financial services including 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 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 Internet banking telephone banking cash management services automated teller services and safe deposit boxes. Mid Penn Insurance Services LLC a wholly owned subsidiary of the Bank provides a range of personal and commercial insurance products.

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