NASDAQ:MPBMid Penn Bancorp Stock Price, Forecast & News

$18.99

+0.33 (+1.77 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$18.80

Now: $18.99▼

$19.25

50-Day Range

$15.90

MA: $18.49▼

$20.63

52-Week Range

$15.50

Now: $18.99▼

$29.88

Volume15,600 shs

Average Volume17,790 shs

Market Capitalization$161.04 million

P/E Ratio9.22

Dividend Yield3.79%

Beta0.5

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 retail investment services. It operates 38 full service retail banking locations in Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill, and Westmoreland counties, Pennsylvania. The company was founded in 1868 and is headquartered in Millersburg, Pennsylvania.

Beat the Market (BTM) Rank^™

2.0 Analyst's Opinion

Consensus Rating
Mid Penn Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.00, Mid Penn Bancorp has a potential upside of 15.9% from its current price of $18.99.
Amount of Analyst Coverage
Mid Penn Bancorp has only been the subject of 1 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Mid Penn Bancorp has received 93 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Mid Penn Bancorp has received 119 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Mid Penn Bancorp has received 56.13% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Mid Penn Bancorp and other stocks. Vote “Outperform” if you believe MPB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MPB will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Mid Penn Bancorp is a leading dividend payer. It pays a dividend yield of 3.79%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Mid Penn Bancorp has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Mid Penn Bancorp is 34.45 %. 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 40.91 % next year. This indicates that Mid Penn Bancorp will be able to sustain or increase its dividend.

3.0 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 $154,482.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 18.20% of the stock of Mid Penn Bancorp is held by insiders.
Percentage Held by Institutions
Only 21.15% of the stock of Mid Penn Bancorp is held by institutions.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Mid Penn Bancorp are expected to decrease by -23.48% in the coming year, from $2.30 to $1.76 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mid Penn Bancorp is 9.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.36.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mid Penn Bancorp is 9.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.66.
Price to Book Value per Share Ratio
Mid Penn Bancorp has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.65 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:MPB

Previous Symbol

CUSIPN/A

CIK879635

Webwww.midpennbank.com

Phone866-642-7736

Debt

Debt-to-Equity Ratio0.32

Current Ratio0.99

Quick Ratio0.98

Price-To-Earnings

Trailing P/E Ratio9.22

Forward P/E Ratio8.26

P/E GrowthN/A

Sales & Book Value

Annual Sales$107.93 million

Price / Sales1.49

Cash Flow$2.68 per share

Price / Cash Flow7.09

Book Value$28.06 per share

Price / Book0.68

Profitability

EPS (Most Recent Fiscal Year)$2.09

Net Income$17.70 million

Net Margins15.91%

Return on Equity7.40%

Return on Assets0.78%

Miscellaneous

Employees372

Outstanding Shares8,480,000

Market Cap$161.04 million

Next Earnings Date7/23/2020 (Estimated)

OptionableNot Optionable

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Mid Penn Bancorp (NASDAQ:MPB) Frequently Asked Questions

How has Mid Penn Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Mid Penn Bancorp's stock was trading at $17.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MPB stock has increased by 8.6% and is now trading at $18.99. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Mid Penn Bancorp?

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." View analyst ratings for Mid Penn Bancorp.

When is Mid Penn Bancorp's next earnings date?

Mid Penn Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Mid Penn Bancorp.

How were Mid Penn Bancorp's earnings last quarter?

Mid Penn Bancorp, Inc. (NASDAQ:MPB) released its quarterly earnings data on Monday, April, 27th. The financial services provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.39 by $0.06. The financial services provider had revenue of $20.60 million for the quarter, compared to the consensus estimate of $20.42 million. Mid Penn Bancorp had a net margin of 15.91% and a return on equity of 7.40%. View Mid Penn Bancorp's earnings history.

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 Monday, April 27th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.18 per share on Monday, May 25th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Friday, May 8th. View Mid Penn Bancorp's dividend history.

What price target have analysts set for MPB?

1 equities research analysts have issued twelve-month price objectives for Mid Penn Bancorp's shares. Their forecasts range from $22.00 to $22.00. On average, they anticipate Mid Penn Bancorp's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 15.9% from the stock's current price. View analysts' price targets for Mid Penn Bancorp.

Has Mid Penn Bancorp been receiving favorable news coverage?

News stories about MPB stock have been trending extremely negative this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mid Penn Bancorp earned a daily sentiment score of -4.6 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutMid Penn Bancorp.

Are investors shorting Mid Penn Bancorp?

Mid Penn Bancorp saw a increase in short interest in May. As of May 15th, there was short interest totaling 35,000 shares, an increase of 47.1% from the April 30th total of 23,800 shares. Based on an average daily volume of 14,100 shares, the short-interest ratio is currently 2.5 days. Currently, 0.5% of the company's shares are short sold. View Mid Penn Bancorp's Current Options Chain.

Who are some of Mid Penn Bancorp's key competitors?

Some companies that are related to Mid Penn Bancorp include First Foundation (FFWM), OFG Bancorp (OFG), TrustCo Bank Corp NY (TRST), Triumph Bancorp (TBK), Community Trust Bancorp (CTBI), ConnectOne Bancorp (CNOB), Great Southern Bancorp (GSBC), Preferred Bank (PFBC), Live Oak Bancshares (LOB), HomeStreet (HMST), Lakeland Bancorp (LBAI), Boston Private Financial (BPFH), Washington Trust Bancorp (WASH), Bryn Mawr Bank (BMTC) and Luther Burbank (LBC). View all competitors.

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 Consolidated Edison (ED), Enbridge (ENB), Enterprise Products Partners (EPD), Kohl's (KSS), Occidental Petroleum (OXY), AT&T (T), Wells Fargo & Co (WFC), AbbVie (ABBV), Algonquin Power & Utilities (AQN) and Carnival (CCL).

Who are Mid Penn Bancorp's key executives?

Mid Penn Bancorp's management team includes the following people:

Mr. Rory G. Ritrievi, Pres, CEO & Director (Age 55)
Mr. Michael D. Peduzzi CPA, Sr. EVP & Chief Financial Officer (Age 53)
Mr. Scott W. Micklewright, Sr. EVP & Chief Revenue Officer of Mid Penn Bank (Age 36)
Mr. Justin T. Webb, Sr. EVP & COO of Mid Penn Bank (Age 36)
Mr. Joseph Louis Paese CFP, Exec. VP and Director of Trust & Wealth Management - Mid Penn Bank (Age 75)

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. (4.23%), State Street Corp (1.31%), Geode Capital Management LLC (1.16%), EJF Capital LLC (0.88%), Wharton Business Group LLC (0.45%) and Bank of New York Mellon Corp (0.41%). 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, 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 institutional ownership trends for Mid Penn Bancorp.

Which institutional investors are selling Mid Penn Bancorp stock?

MPB stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, EJF Capital LLC, AJO LP, Morgan Stanley, UBS Group AG, Emerald Advisers LLC, ClariVest Asset Management LLC, and Bank of New York Mellon Corp. View insider buying and selling activity for Mid Penn Bancorp.

Which institutional investors are buying Mid Penn Bancorp stock?

MPB stock was purchased by a variety of institutional investors in the last quarter, including Wharton Business Group LLC, Geode Capital Management LLC, State Street Corp, Rhumbline Advisers, JPMorgan Chase & Co., BlackRock Inc., Wells Fargo & Company MN, and Citigroup 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, 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.

How do I buy shares of 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.

What is Mid Penn Bancorp's stock price today?

One share of MPB stock can currently be purchased for approximately $18.99.

How big of a company is Mid Penn Bancorp?

Mid Penn Bancorp has a market capitalization of $161.04 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.

What is Mid Penn Bancorp's official website?

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

How can I contact Mid Penn Bancorp?

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff