Banc Funds Co. LLC Reduces Stake in Mid Penn Bancorp

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Banc Funds Co. LLC, a major institutional investor, has reduced its stake in Mid Penn Bancorp (NASDAQ:MPB) by 44.7% in the third quarter of 2026. The firm now owns approximately 207,982 shares, or 0.90% of the financial services provider's stock, valued at $5,957,000 at the end of the quarter.

Why it matters

This reduction in Banc Funds Co.'s holdings in Mid Penn Bancorp could signal a shift in the investment firm's strategy or outlook on the regional bank's performance. Changes in institutional ownership can impact a stock's price and trading volume, so this development is noteworthy for Mid Penn Bancorp investors and the broader financial community.

The details

According to the SEC filing, Banc Funds Co. LLC sold 167,804 shares of Mid Penn Bancorp during the third quarter. The firm now owns 207,982 shares, down from 375,786 shares held previously. Mid Penn Bancorp is a Pennsylvania-based financial services provider that operates a network of retail and commercial banking branches across the state.

• Banc Funds Co. LLC reduced its stake in Mid Penn Bancorp during the third quarter of 2026.