Mid Penn Bancorp Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mid Penn Bancorp in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Mid Penn Bancorp stock.
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Mid Penn Bancorp saw a decline in short interest during the month of May. As of May 28th, there was short interest totaling 96,800 shares, a decline of 27.2% from the May 13th total of 132,900 shares. Based on an average daily volume of 41,300 shares, the short-interest ratio is currently 2.3 days. Approximately 1.4% of the shares of the company are short sold.
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Mid Penn Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for Mid Penn Bancorp.

Mid Penn Bancorp, Inc. (NASDAQ:MPB) announced its quarterly earnings results on Wednesday, April, 21st. The financial services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.19. The financial services provider earned $30.04 million during the quarter, compared to analysts' expectations of $29.94 million. Mid Penn Bancorp had a net margin of 23.82% and a trailing twelve-month return on equity of 12.54%.
View Mid Penn Bancorp's earnings history.

Mid Penn Bancorp's stock was trading at $17.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MPB stock has increased by 60.9% and is now trading at $28.15.
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Mid Penn Bancorp announced a quarterly dividend on Thursday, April 22nd. Shareholders of record on Monday, May 10th will be paid a dividend of $0.20 per share on Monday, May 24th. This represents a $0.80 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, May 7th. This is a boost from Mid Penn Bancorp's previous quarterly dividend of $0.19.
View Mid Penn Bancorp's dividend history.

Mid Penn Bancorp pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.79%. Mid Penn Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Mid Penn Bancorp is 25.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Mid Penn Bancorp will have a dividend payout ratio of 38.65% next year. This indicates that Mid Penn Bancorp will be able to sustain or increase its dividend.
View Mid Penn Bancorp's dividend history.

2 Wall Street analysts have issued twelve-month price targets for Mid Penn Bancorp's shares. Their forecasts range from $30.00 to $30.00. On average, they expect Mid Penn Bancorp's stock price to reach $30.00 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price.
View analysts' price targets for Mid Penn Bancorp or view top-rated stocks among Wall Street analysts.

24 employees have rated Mid Penn Bancorp CEO Rory G. Ritrievi on Glassdoor.com. Rory G. Ritrievi has an approval rating of 86% among Mid Penn Bancorp's employees.

Some companies that are related to Mid Penn Bancorp include S&T Bancorp (STBA), Customers Bancorp (CUBI), First Bancorp (FBNC), 1st Source (SRCE), Tompkins Financial (TMP), Boston Private Financial (BPFH), Merchants Bancorp (MBIN), OFG Bancorp (OFG), Stock Yards Bancorp (SYBT), ConnectOne Bancorp (CNOB), Premier Financial (PFC), First Foundation (FFWM), German American Bancorp (GABC), Origin Bancorp (OBNK) and Preferred Bank (PFBC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Mid Penn Bancorp investors own include AT&T (T), Exxon Mobil (XOM), The 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).

Mid Penn Bancorp trades on the NASDAQ under the ticker symbol "MPB."

Mid Penn Bancorp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.02%), Geode Capital Management LLC (1.27%), Northern Trust Corp (0.82%), Dimensional Fund Advisors LP (0.47%), Minerva Advisors LLC (0.46%) and JPMorgan Chase & Co. (0.45%). Company insiders that own Mid Penn Bancorp stock include Alan P Novak, David E Sparks, Gregory M Kerwin, Joan E Dickinson, John E Noone, Joseph L Paese, Justin T Webb, Kimberly J Brumbaugh, Michael D Peduzzi, Noble C Quandel, Jr, Patrick M Smith, Robert A Abel, Robert C Grubic, Rory G Ritrievi, Soto Matthew G De, Theodore W Mowery and William A Specht III.
View institutional ownership trends for Mid Penn Bancorp.

MPB stock was sold by a variety of institutional investors in the last quarter, including O Shaughnessy Asset Management LLC, Northern Trust Corp, Geode Capital Management LLC, and Minerva Advisors LLC.
View insider buying and selling activity for Mid Penn Bancorp or view top insider-selling stocks.

MPB stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Goldman Sachs Group Inc., Renaissance Technologies LLC, Fourthstone LLC, Barclays PLC, Strs Ohio, LSV Asset Management, and Abundance Wealth Counselors. Company insiders that have bought Mid Penn Bancorp stock in the last two years include Alan P Novak, Gregory M Kerwin, Joan E Dickinson, John E Noone, Joseph L Paese, Justin T Webb, Kimberly J Brumbaugh, Michael D Peduzzi, Noble C Quandel, Jr, Patrick M Smith, Robert A Abel, Robert C Grubic, Rory G Ritrievi, Soto Matthew G De, Theodore W Mowery, and William A Specht III.
View insider buying and selling activity for Mid Penn Bancorp or or view top insider-buying stocks.

Shares of MPB 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.
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One share of MPB stock can currently be purchased for approximately $28.15.

Mid Penn Bancorp has a market capitalization of $321.08 million and generates $125.84 million in revenue each year. The financial services provider earns $26.21 million in net income (profit) each year or $3.10 on an earnings per share basis.

Mid Penn Bancorp employs 444 workers across the globe.

The official website for Mid Penn Bancorp is www.midpennbank.com.

Mid Penn Bancorp is headquartered at 349 UNION STREET, MILLERSBURG PA, 17061.

Mid Penn Bancorp's mailing address is 349 UNION STREET, MILLERSBURG PA, 17061. The financial services provider can be reached via phone at 866-642-7736 or via email at [email protected]