Mid Penn Bancorp Stock Forecast, Price & News

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 shares have increased by 12.6% and is now trading at $19.70.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mid Penn Bancorp in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
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Mid Penn Bancorp is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
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Mid Penn Bancorp, Inc. (NASDAQ:MPB) posted its quarterly earnings data on Thursday, July, 23rd. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.50. The financial services provider earned $24.97 million during the quarter, compared to analysts' expectations of $21.53 million. Mid Penn Bancorp had a return on equity of 8.32% and a net margin of 17.65%.
View Mid Penn Bancorp's earnings history.

Mid Penn Bancorp announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Monday, August 10th will be paid a dividend of $0.18 per share on Monday, August 24th. This represents a $0.72 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Friday, August 7th.
View Mid Penn Bancorp's dividend history.

1 analysts have issued 12-month price objectives for Mid Penn Bancorp's stock. Their forecasts range from $22.00 to $22.00. On average, they expect Mid Penn Bancorp's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price.
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Mid Penn Bancorp saw a decline in short interest during the month of August. As of August 14th, there was short interest totaling 42,500 shares, a decline of 42.4% from the July 30th total of 73,800 shares. Based on an average daily trading volume, of 12,600 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.6% of the company's stock are short sold.
View Mid Penn Bancorp's Short Interest.

Some companies that are related to Mid Penn Bancorp include First Foundation (FFWM), Republic Bancorp, Inc. KY (RBCAA), HomeStreet (HMST), First National Bank Alaska (FBAK), First Bancorp (FBNC), Merchants Bancorp (MBIN), ConnectOne Bancorp (CNOB), Washington Trust Bancorp (WASH), TrustCo Bank Corp NY (TRST), Lakeland Bancorp (LBAI), Great Southern Bancorp (GSBC), Community Trust Bancorp (CTBI), Bryn Mawr Bank (BMTC), CrossFirst Bankshares (CFB) and Origin Bancorp (OBNK).
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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), Enterprise Products Partners (EPD), Wells Fargo & Company (WFC), Exxon Mobil (XOM), Walt Disney (DIS), Energy Transfer LP Unit (ET), IBM (IBM), Enbridge (ENB), Pfizer (PFE) and Verizon Communications (VZ).

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

Mid Penn Bancorp's stock is owned by a number of institutional and retail investors. Top institutional investors include EJF Capital LLC (0.74%), Wharton Business Group LLC (0.54%), Bank of New York Mellon Corp (0.44%), BRYN MAWR TRUST Co (0.36%), Charles Schwab Investment Management Inc. (0.21%) and Nuveen Asset Management LLC (0.17%). Company insiders that own Mid Penn Bancorp stock include Alan P Novak, David E Sparks, 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, Robert E Klinger, Robert J Moisey, Rory G Ritrievi, Soto Matthew G De, Steven T Boyer, Theodore W Mowery and William A Specht III.
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MPB stock was sold by a variety of institutional investors in the last quarter, including EJF Capital LLC, and UBS Group AG.
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MPB stock was bought by a variety of institutional investors in the last quarter, including Wharton Business Group LLC, BRYN MAWR TRUST Co, Nuveen Asset Management LLC, Bank of America Corp DE, Bank of New York Mellon Corp, and Charles Schwab Investment Management Inc.. Company insiders that have bought Mid Penn Bancorp stock in the last two years include Alan P Novak, 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, Robert E Klinger, Robert J Moisey, Rory G Ritrievi, Soto Matthew G De, Steven T Boyer, Theodore W Mowery, and William A Specht III.
View insider buying and selling activity for Mid Penn Bancorp.

Shares of MPB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MPB stock can currently be purchased for approximately $19.70.

Mid Penn Bancorp has a market capitalization of $165.89 million and generates $107.93 million in revenue each year. The financial services provider earns $17.70 million in net income (profit) each year or $2.09 on an earnings per share basis. Mid Penn Bancorp employs 372 workers across the globe.

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

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]