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NASDAQ:MPB

Mid Penn Bancorp - MPB Stock Forecast, Price & News

$29.38
+0.21 (+0.72%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$29.25
$29.58
50-Day Range
$25.99
$29.38
52-Week Range
$24.81
$33.89
Volume
9,056 shs
Average Volume
25,129 shs
Market Capitalization
$468.93 million
P/E Ratio
12.29
Dividend Yield
2.74%
Price Target
N/A

Mid Penn Bancorp MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
1.09% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.34mentions of Mid Penn Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$102,056 Bought Last Quarter
Proj. Earnings Growth
20.20%
From $3.02 to $3.63 Per Share

Overall MarketRank

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

3.17 out of 5 stars

Finance Sector

65th out of 1,207 stocks

State Commercial Banks Industry

14th out of 217 stocks

MPB stock logo

About Mid Penn Bancorp (NASDAQ:MPB) Stock

Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that provides 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 IRAs. 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 online banking, telephone banking, cash management, and automated teller services, as well as safe deposit boxes; and trust and wealth management services. As of December 31, 2021, it operated sixty full-service retail banking locations in Berks, Blair, Bucks, Centre, Chester, Clearfield, Cumberland, Dauphin, Fayette, Huntingdon, Lancaster, Lehigh, Luzerne, Lycoming, Montgomery, Northumberland, Perry, Schuylkill, and Westmoreland counties, Pennsylvania. The company was founded in 1868 and is headquartered in Harrisburg, Pennsylvania.

Mid Penn Bancorp Trading Up 1.6 %

Shares of MPB traded up $0.46 during midday trading on Monday, hitting $29.60. The stock had a trading volume of 173 shares, compared to its average volume of 25,237. Mid Penn Bancorp has a 1 year low of $24.81 and a 1 year high of $33.89. The firm has a market cap of $472.45 million, a PE ratio of 12.21 and a beta of 0.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95. The stock's 50 day moving average is $27.50 and its 200 day moving average is $27.37.

Mid Penn Bancorp (NASDAQ:MPB - Get Rating) last announced its earnings results on Wednesday, July 27th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.09. The business had revenue of $40.66 million for the quarter, compared to the consensus estimate of $38.72 million. Mid Penn Bancorp had a net margin of 21.06% and a return on equity of 9.46%. As a group, analysts forecast that Mid Penn Bancorp will post 3.02 EPS for the current fiscal year.

Mid Penn Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 22nd. Investors of record on Wednesday, August 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, August 9th. Mid Penn Bancorp's dividend payout ratio is presently 33.47%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Mid Penn Bancorp from a "buy" rating to a "hold" rating in a research note on Monday, May 23rd.

Insider Buying and Selling

In related news, Director Robert A. Abel purchased 3,000 shares of Mid Penn Bancorp stock in a transaction that occurred on Monday, August 1st. The shares were bought at an average price of $28.78 per share, with a total value of $86,340.00. Following the purchase, the director now directly owns 19,082 shares of the company's stock, valued at approximately $549,179.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 3,612 shares of company stock valued at $102,056 in the last 90 days. Company insiders own 10.30% of the company's stock.

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MPB Stock News Headlines

Is the Mid Penn Bancorp Inc dividend a hidden gem?
Mid Penn Bancorp, Inc.
Mid Penn Bancorp: Q4 Earnings Insights
Mid Penn Bancorp declares $0.20 dividend
Mid Penn Bancorp (MPB) Misses Q4 Earnings Estimates
Mid Penn Bancorp Common Stock (MPB)
See More Headlines
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MPB Company Calendar

Ex-Dividend for 5/23 Dividend
5/09/2022
Dividend Payable
5/23/2022
Last Earnings
7/27/2022
Today
8/08/2022
Ex-Dividend for 8/22 Dividend
8/09/2022
Dividend Payable
8/22/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:MPB
Employees
573
Year Founded
N/A

Profitability

Net Income
$29.32 million
Pretax Margin
24.94%

Debt

Sales & Book Value

Annual Sales
$144.85 million
Cash Flow
$2.68 per share
Book Value
$30.71 per share

Miscellaneous

Free Float
14,317,000
Market Cap
$468.93 million
Optionable
Not Optionable
Beta
0.54














MPB Stock - Frequently Asked Questions

How has Mid Penn Bancorp's stock performed in 2022?

Mid Penn Bancorp's stock was trading at $31.74 at the beginning of the year. Since then, MPB shares have decreased by 7.4% and is now trading at $29.38.
View the best growth stocks for 2022 here
.

When is Mid Penn Bancorp's next earnings date?

Mid Penn Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our MPB earnings forecast
.

How were Mid Penn Bancorp's earnings last quarter?

Mid Penn Bancorp, Inc. (NASDAQ:MPB) announced its earnings results on Wednesday, July, 27th. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.68 by $0.09. The financial services provider had revenue of $40.66 million for the quarter, compared to analysts' expectations of $38.72 million. Mid Penn Bancorp had a net margin of 21.06% and a trailing twelve-month return on equity of 9.46%.

How often does Mid Penn Bancorp pay dividends? What is the dividend yield for Mid Penn Bancorp?

Mid Penn Bancorp announced a quarterly dividend on Wednesday, July 27th. Investors of record on Wednesday, August 10th will be paid a dividend of $0.20 per share on Monday, August 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Tuesday, 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 2.74%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MPB will have a dividend payout ratio of 22.04% 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 variety of retail and institutional investors. Top institutional investors include Royce & Associates LP (0.61%) and SG Americas Securities LLC (0.04%). Insiders that own company stock include Alan P Novak, David E Sparks, Gregory M Kerwin, Joan E Dickinson, John E Noone, John E Noone, Joseph L Paese, Justin T Webb, Kimberly J Brumbaugh, Kimberly J Brumbaugh, Maureen M Gathagan, Michael D Peduzzi, Noble C Quandel Jr, Noble C Quandel, Jr, Patrick M Smith, Robert A Abel, Robert A Abel, Rory G Ritrievi, Soto Matthew G De, Theodore W Mowery, Theodore W Mowery and William A Specht III.
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 $29.38.

How much money does Mid Penn Bancorp make?

Mid Penn Bancorp (NASDAQ:MPB) has a market capitalization of $468.93 million and generates $144.85 million in revenue each year. The financial services provider earns $29.32 million in net income (profit) each year or $2.39 on an earnings per share basis.

How many employees does Mid Penn Bancorp have?

Mid Penn Bancorp employs 573 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 (717) 692-2133, via email at cindy.wetzel@midpennbank.com, or via fax at 717-692-4861.

This page (NASDAQ:MPB) was last updated on 8/8/2022 by MarketBeat.com Staff

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