NASDAQ:MPB

Mid Penn Bancorp (MPB) Stock Forecast, Price & News

$20.07

-0.33 (-1.62%)

(As of 09/26/2023 ET)

Compare

Today's Range: $20.07
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$20.35
50-Day Range: $20.27
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$24.75
52-Week Range: $18.25
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$34.99

Volume: 21,717 shs
Average Volume: 35,465 shs
Market Capitalization: $332.56 million

P/E Ratio: 6.80
Dividend Yield: 3.99%
Price Target: $37.50

Mid Penn Bancorp MarketRank™ Forecast

Analyst Rating: 0.00 Rating Score
Upside/Downside: 86.8% Upside
$37.50 Price Target
Short Interest: Healthy
0.42% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$70,001 Bought Last Quarter
Proj. Earnings Growth: 7.91%
From $2.78 to $3.00 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.50 out of 5 stars

Finance Sector

366th out of 841 stocks

State Commercial Banks Industry

86th out of 174 stocks

2.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $37.50, Mid Penn Bancorp has a forecasted upside of 86.8% from its current price of $20.07.
Amount of Analyst Coverage
Mid Penn Bancorp has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.42% of the outstanding shares of Mid Penn Bancorp have been sold short.
Short Interest Ratio / Days to Cover
Mid Penn Bancorp has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Mid Penn Bancorp has recently increased by 19.79%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Mid Penn Bancorp is a leading dividend payer. It pays a dividend yield of 3.92%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Mid Penn Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Mid Penn Bancorp is 27.12%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Mid Penn Bancorp will have a dividend payout ratio of 26.67% next year. This indicates that Mid Penn Bancorp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MPB.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Mid Penn Bancorp this week, compared to 1 article on an average week.
MarketBeat Follows
1 people have added Mid Penn Bancorp to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mid Penn Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $70,001.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
10.30% of the stock of Mid Penn Bancorp is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
42.21% of the stock of Mid Penn Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Mid Penn Bancorp are expected to grow by 7.91% in the coming year, from $2.78 to $3.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mid Penn Bancorp is 6.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mid Penn Bancorp is 6.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 82.47.
Price to Book Value per Share Ratio
Mid Penn Bancorp has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Mid Penn Bancorp (NASDAQ:MPB) Stock

Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that engages in the provision of commercial banking services to individuals, partnerships, non-profit organizations, and corporations. The company 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 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. In addition, the company offers trust and wealth management and insurance services; provides online banking, telephone banking, cash management, and automated teller services, as well as safe deposit boxes. The company was founded in 1868 and is headquartered in Harrisburg, Pennsylvania.

MPB Price History

30 days | 90 days | 365 days | Advanced Chart

MPB Stock News Headlines

September 26, 2023 | americanbankingnews.com

Mid Penn Bancorp (NASDAQ:MPB) Stock Passes Below Two Hundred Day Moving Average of $23.09

September 18, 2023 | msn.com

Mid Penn Bank unveils new Carlisle-based financial center

September 27, 2023 | Edge On The Street (Ad)

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September 11, 2023 | finance.yahoo.com

Here's Why We Think Mid Penn Bancorp (NASDAQ:MPB) Is Well Worth Watching

August 21, 2023 | finance.yahoo.com

Insider Spends US$50k Buying More Shares In Mid Penn Bancorp

August 4, 2023 | finance.yahoo.com

Should You Buy Mid Penn Bancorp, Inc. (NASDAQ:MPB) For Its Upcoming Dividend?

August 1, 2023 | finance.yahoo.com

Mid Penn Bancorp (NASDAQ:MPB) Is Due To Pay A Dividend Of $0.20

July 28, 2023 | finance.yahoo.com

Mid Penn Bancorp (MPB) Lags Q2 Earnings Estimates

September 27, 2023 | Edge On The Street (Ad)

Is Gold Really Boring?

July 23, 2023 | fool.com

Mid Penn Bancorp (NASDAQ: MPB)

June 5, 2023 | finance.yahoo.com

Mid Penn Bancorp, Inc.'s (NASDAQ:MPB) top owners are individual investors with 46% stake, while 42% is held by institutions

May 25, 2023 | finance.yahoo.com

Mid Penn Bancorp, Inc. Announces Appointment of Albert J. Evans to Board of Directors

May 25, 2023 | finance.yahoo.com

Mid Penn Bancorp, Inc. Announces Appointment of Joel L. Frank to Board of Directors

May 14, 2023 | uk.finance.yahoo.com

Mid Penn Bancorp Independent Director Acquires 12% More Stock

May 14, 2023 | finance.yahoo.com

Mid Penn Bancorp Independent Director Acquires 12% More Stock \

May 4, 2023 | finance.yahoo.com

There's A Lot To Like About Mid Penn Bancorp's (NASDAQ:MPB) Upcoming US$0.20 Dividend

May 1, 2023 | msn.com

Mid Penn Bancorp (MPB) Declares $0.20 Dividend

April 28, 2023 | finance.yahoo.com

Mid Penn Bancorp (MPB) Misses Q1 Earnings and Revenue Estimates

April 25, 2023 | finance.yahoo.com

Mid Penn Bancorp, Inc. and Brunswick Bancorp Receive Regulatory and Shareholder Approvals for Merger

March 23, 2023 | markets.businessinsider.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SHBI, MPB, TIG, MAXR

March 22, 2023 | seekingalpha.com

MPB Mid Penn Bancorp, Inc.

February 25, 2023 | finance.yahoo.com

We Ran A Stock Scan For Earnings Growth And Mid Penn Bancorp (NASDAQ:MPB) Passed With Ease

February 4, 2023 | finance.yahoo.com

Here's What We Like About Mid Penn Bancorp's (NASDAQ:MPB) Upcoming Dividend

February 2, 2023 | benzinga.com

Mid Penn Bancorp Board Member Trades $61K In Company Stock

February 2, 2023 | finance.yahoo.com

The Independent Director of Mid Penn Bancorp, Inc. (NASDAQ:MPB), Theodore Mowery, Just Bought 9.2% More Shares

January 29, 2023 | finance.yahoo.com

Mid Penn Bancorp (NASDAQ:MPB) Has Affirmed Its Dividend Of $0.20

January 27, 2023 | finance.yahoo.com

Mid Penn Bancorp Full Year 2022 Earnings: In Line With Expectations

See More Headlines

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MPB Company Calendar

Last Earnings: 7/27/2023
Ex-Dividend for 8/28 Dividend: 8/09/2023
Dividend Payable: 8/28/2023
Today: 9/27/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:MPB
CUSIP: N/A
CIK: 879635
Web: www.midpennbank.com
Phone: (866) 642-7736
Fax: 717-692-4861
Employees: 590
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $37.50
High Stock Price Forecast: $38.00
Low Stock Price Forecast: $37.00
Forecasted Upside/Downside: +86.8%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.95
Trailing P/E Ratio: 6.80
Forward P/E Ratio: 7.22
P/E Growth: N/A
Net Income: $54.81 million
Net Margins: 21.60%
Pretax Margin: 26.14%
Return on Equity: 10.49%
Return on Assets: 1.16%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 0.93
Quick Ratio: 0.93

Sales & Book Value

Annual Sales: $189.26 million
Price / Sales: 1.76
Cash Flow: $3.85 per share
Price / Cash Flow: 5.21
Book Value: $32.24 per share
Price / Book: 0.62

Miscellaneous

Outstanding Shares: 16,570,000
Free Float: 14,866,000
Market Cap: $332.56 million
Optionable: Not Optionable
Beta: 0.57

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Key Executives

Mr. Rory G. Ritrievi (Age 59)
Pres, CEO & Chairman
Comp: $871.86k

Ms. Allison S. Johnson (Age 38)
Sr. EVP & CFO
Comp: $239.75k

Mr. Scott W. Micklewright (Age 40)
Sr. EVP & Chief Revenue Officer of Mid Penn Bank

Mr. Justin T. Webb (Age 40)
Sr. EVP & COO of Mid Penn Bank

Mr. Joseph Louis Paese CFP (Age 79)
CFP, Exec. VP and Director of Trust & Wealth Management of Mid Penn Bank
Comp: $315.99k

Margaret E. Steinour
Sr. VP & Chief Admin. Officer

Elizabeth O. Martin
Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MPB Stock - Frequently Asked Questions

What is Mid Penn Bancorp's stock price forecast for 2023?: 0 brokerages have issued twelve-month price targets for Mid Penn Bancorp's stock. Their MPB share price forecasts range from $37.00 to $38.00. On average, they predict the company's share price to reach $37.50 in the next twelve months. This suggests a possible upside of 86.8% from the stock's current price.
View analysts price targets for MPB or view top-rated stocks among Wall Street analysts.
How have MPB shares performed in 2023?: Mid Penn Bancorp's stock was trading at $29.97 on January 1st, 2023. Since then, MPB stock has decreased by 33.0% and is now trading at $20.07.
View the best growth stocks for 2023 here.
When is Mid Penn Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our MPB earnings forecast.
How were Mid Penn Bancorp's earnings last quarter?: Mid Penn Bancorp, Inc. (NASDAQ:MPB) posted its earnings results on Thursday, July, 27th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.02. The financial services provider had revenue of $61.80 million for the quarter, compared to analyst estimates of $40.74 million. Mid Penn Bancorp had a net margin of 21.60% and a trailing twelve-month return on equity of 10.49%.
How often does Mid Penn Bancorp pay dividends? What is the dividend yield for Mid Penn Bancorp?: Mid Penn Bancorp declared a quarterly dividend on Thursday, July 27th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.20 per share on Monday, August 28th. This represents a $0.80 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Wednesday, August 9th.
Read our dividend analysis for MPB.
Is Mid Penn Bancorp a good dividend stock?: Mid Penn Bancorp (NASDAQ:MPB) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.95%. The dividend payout ratio is 27.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MPB will have a dividend payout ratio of 26.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MPB.
What is Rory G. Ritrievi's approval rating as Mid Penn Bancorp's CEO?: 24 employees have rated Mid Penn Bancorp Chief Executive Officer Rory G. Ritrievi on Glassdoor.com. Rory G. Ritrievi has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Mid Penn Bancorp own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Mid Penn Bancorp investors own include AT&T (T), Exxon Mobil (XOM), Walt Disney (DIS), Enterprise Products Partners (EPD), Wells Fargo & Company (WFC), Energy Transfer (ET), International Business Machines (IBM), Pfizer (PFE), Verizon Communications (VZ) and Consolidated Edison (ED).
What is Mid Penn Bancorp's stock symbol?: Mid Penn Bancorp trades on the NASDAQ under the ticker symbol "MPB."
Who are Mid Penn Bancorp's major shareholders?: Mid Penn Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.80%), FJ Capital Management LLC (3.23%), Alliancebernstein L.P. (1.97%), State Street Corp (1.78%), Dimensional Fund Advisors LP (1.79%) and Geode Capital Management LLC (1.62%). Insiders that own company stock include Alan P Novak, David E Sparks, Gregory M Kerwin, Joan E Dickinson, John E Noone, Justin T Webb, Kimberly J Brumbaugh, Maureen M Gathagan, Michael D Peduzzi, Noble C Quandel Jr, Robert A Abel, Rory G Ritrievi, Soto Matthew G De, Theodore W Mowery and Theodore W Mowery.
View institutional ownership trends.
How do I buy shares of Mid Penn Bancorp?: Shares of MPB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Mid Penn Bancorp's stock price today?: One share of MPB stock can currently be purchased for approximately $20.07.
How much money does Mid Penn Bancorp make?: Mid Penn Bancorp (NASDAQ:MPB) has a market capitalization of $332.56 million and generates $189.26 million in revenue each year. The financial services provider earns $54.81 million in net income (profit) each year or $2.95 on an earnings per share basis.
How many employees does Mid Penn Bancorp have?: The company employs 590 workers across the globe.
How can I contact Mid Penn Bancorp?: Mid Penn Bancorp's mailing address is 349 UNION STREET, MILLERSBURG PA, 17061. The official website for the company is www.midpennbank.com. The financial services provider can be reached via phone at (866) 642-7736, via email at cindy.wetzel@midpennbank.com, or via fax at 717-692-4861.

This page (NASDAQ:MPB) was last updated on 9/27/2023 by MarketBeat.com Staff

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