SCHEDULE: BlackRock Discloses 5.7% Stake in Mid Penn Bancorp
Ownership Filing
BlackRock, Inc. has reported beneficial ownership of 5.7% of Mid Penn Bancorp Inc.'s common stock as of March 31, 2026.
Summary
- BlackRock, Inc. has filed a Schedule 13G, indicating it beneficially owns 1,433,519 shares of Mid Penn Bancorp Inc. common stock.
- This ownership represents 5.7% of the class of securities.
- The filing is an amendment (Amendment No. 3) and the event date requiring the filing is March 31, 2026.
- BlackRock, Inc. has sole voting power over 1,414,065 shares and sole dispositive power over 1,433,519 shares.
- The filing specifies that it reflects securities owned by certain reporting business units of BlackRock, Inc. and its subsidiaries and affiliates, and does not include securities owned by other business units whose ownership is disaggregated.
- Various persons have the right to receive or direct dividends or proceeds from the sale of the common stock, but no single person's interest exceeds five percent of the total outstanding shares.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it confirms a significant institutional holding by a reputable asset manager, but provides no new operational or financial performance data.
Positives
- BlackRock, a major institutional investor, holds a significant stake, suggesting confidence in Mid Penn Bancorp's value or prospects.
- The filing indicates clear voting and dispositive power for BlackRock, demonstrating direct control over their investment.
Negatives
- The filing does not contain any negative financial results or operational issues; it is purely an ownership disclosure.
Risks
- The filing does not explicitly mention any risks. However, any significant institutional ownership can introduce potential for future changes in strategy or influence on corporate decisions that could impact the company.
Future Outlook
This filing is an ownership disclosure and does not contain forward-looking statements or guidance regarding Mid Penn Bancorp Inc.'s future performance.
Industry Context
StockSavvy.ai notes that the filing of a Schedule 13G by BlackRock, Inc. signifies a substantial institutional investment in Mid Penn Bancorp Inc. This level of ownership by a major asset manager often indicates a positive view on the company's stability and potential for growth within the regional banking sector.
Stakeholder Impact
- Shareholders: The presence of a large institutional holder like BlackRock can provide a degree of stability to the stock price and may signal confidence to other investors.
- Management: May face increased scrutiny or influence from a significant shareholder regarding corporate strategy and governance.
- Creditors: No direct impact indicated by this filing.
Next Steps
- BlackRock, Inc. will continue to hold its shares in Mid Penn Bancorp Inc. unless it decides to change its investment position.
- The company will continue to operate under its existing business strategy.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Previous Power of Attorney dated for BlackRock, Inc. |
| 01/21/2025 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 03/31/2026 | Date of event which requires filing of this statement (Schedule 13G Amendment No. 3). |
| 04/27/2026 | Date of signature for the Schedule 13G filing. |
Keywords
Schedule 13G, BlackRock, Mid Penn Bancorp, beneficial ownership, institutional investor, common stock, SEC filing, ownership disclosure
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