NASDAQ:MPB

Mid Penn Bancorp Stock Forecast, Price & News

$23.40

-0.90 (-3.70 %)

(As of 01/15/2021 12:00 AM ET)

Add

Compare

Today's Range

$23.31

Now: $23.40▼

$23.99

50-Day Range

$21.73

MA: $23.70▼

$25.20

52-Week Range

$15.50

Now: $23.40▼

$28.42

Volume14,807 shs

Average Volume13,366 shs

Market Capitalization$197.03 million

P/E Ratio9.14

Dividend Yield3.03%

Beta0.65

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, 2019, it operates 39 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.

Overall MarketRank^™

1.52 out of 5 stars

Finance Sector

621st out of 1,704 stocks

State Commercial Banks Industry

139th out of 273 stocks

1.0 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 forecasted downside of 6.0% from its current price of $23.40.
Amount of Analyst Coverage
Mid Penn Bancorp has received no research coverage in the past 90 days.

2.2 Community Rank

Outperform Votes
Mid Penn Bancorp has received 94 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Mid Penn Bancorp has received 124 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Mid Penn Bancorp has received 56.88% “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.

2.5 Dividend Strength

Dividend Yield
Mid Penn Bancorp pays a meaningful dividend of 3.03%, higher than the bottom 25% of all stocks that pay dividends.
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 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 25.17% next year. This indicates that Mid Penn Bancorp will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mid Penn Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 18.40% of the stock of Mid Penn Bancorp is held by insiders.
Percentage Held by Institutions
Only 19.50% 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 -0.69% in the coming year, from $2.88 to $2.86 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mid Penn Bancorp is 9.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.84.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mid Penn Bancorp is 9.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 21.04.
Price to Book Value per Share Ratio
Mid Penn Bancorp has a P/B Ratio of 0.83. 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

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

Employees418

Debt

Debt-to-Equity Ratio0.47

Current Ratio1.03

Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio9.14

Forward P/E Ratio8.13

P/E GrowthN/A

Sales & Book Value

Annual Sales$107.93 million

Price / Sales1.83

Cash Flow$2.64 per share

Price / Cash Flow8.87

Book Value$28.06 per share

Price / Book0.83

Profitability

EPS (Most Recent Fiscal Year)$2.09

Net Income$17.70 million

Net Margins18.55%

Return on Equity8.92%

Return on Assets0.82%

Miscellaneous

Outstanding Shares8,420,000

Market Cap$197.03 million

Next Earnings Date1/26/2021 (Estimated)

OptionableNot Optionable

$23.40

-0.90 (-3.70 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive MPB News and Ratings via Email

Sign-up to receive the latest news and ratings for MPB and its competitors with MarketBeat's FREE daily newsletter.

Mid Penn Bancorp (NASDAQ:MPB) Frequently Asked Questions

How has Mid Penn Bancorp's stock been impacted by Coronavirus?

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. Since then, MPB stock has increased by 33.8% and is now trading at $23.40.
View which stocks have been most impacted by COVID-19.

Is Mid Penn Bancorp a buy right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mid Penn Bancorp in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Mid Penn Bancorp stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MPB, but not buy additional shares or sell existing shares.
View analyst ratings for Mid Penn Bancorp or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Mid Penn Bancorp?

Wall Street analysts have given Mid Penn Bancorp a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Mid Penn Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Mid Penn Bancorp's next earnings date?

Mid Penn Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for Mid Penn Bancorp.

How were Mid Penn Bancorp's earnings last quarter?

Mid Penn Bancorp, Inc. (NASDAQ:MPB) posted its earnings results on Thursday, October, 29th. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.56 by $0.22. The financial services provider earned $26.71 million during the quarter, compared to analysts' expectations of $27.73 million. Mid Penn Bancorp had a return on equity of 8.92% and a net margin of 18.55%.
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 declared a None dividend on Tuesday, December 22nd. Shareholders of record on Monday, January 11th will be given a dividend of $0.05 per share on Monday, January 25th. The ex-dividend date is Friday, January 8th.
View Mid Penn Bancorp's dividend history.

Is Mid Penn Bancorp a good dividend stock?

Mid Penn Bancorp pays an annual dividend of $0.72 per share and currently has a dividend yield of 3.03%. The dividend payout ratio of Mid Penn Bancorp is 34.45%. 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 25.17% next year. This indicates that Mid Penn Bancorp will be able to sustain or increase its dividend.
View Mid Penn Bancorp's dividend history.

What price target have analysts set for MPB?

1 brokerages have issued twelve-month price targets for Mid Penn Bancorp's shares. Their forecasts range from $22.00 to $22.00. On average, they expect Mid Penn Bancorp's share price to reach $22.00 in the next year. This suggests that the stock has a possible downside of 6.0%.
View analysts' price targets for Mid Penn Bancorp or view Wall Street analyst' top-rated stocks.

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

Some companies that are related to Mid Penn Bancorp include HomeStreet (HMST), Preferred Bank (PFBC), Allegiance Bancshares (ABTX), Horizon Bancorp (HBNC), Customers Bancorp (CUBI), Great Southern Bancorp (GSBC), Lakeland Bancorp (LBAI), Origin Bancorp (OBNK), Community Trust Bancorp (CTBI), TrustCo Bank Corp NY (TRST), Univest Financial (UVSP), Bryn Mawr Bank (BMTC), HarborOne Bancorp (HONE), QCR (QCRH) and Peoples Bancorp (PEBO).
View all of MPB's 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 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).

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 56, Pay $593.54k)
Mr. Michael D. Peduzzi CPA, CPA, Sr. EVP & CFO (Age 54, Pay $324.04k)
Mr. Scott W. Micklewright, Sr. EVP & Chief Revenue Officer of Mid Penn Bank (Age 37)
Mr. Justin T. Webb, Sr. EVP & COO of Mid Penn Bank (Age 37)
Mr. Joseph Louis Paese CFP, CFP, Exec. VP and Director of Trust & Wealth Management of Mid Penn Bank (Age 76, Pay $243.29k)
Ms. Cindy L. Wetzel, Sec. (Age 58)
Ms. Joan E. Dickinson, Chief of Staff (Age 55)

What is Mid Penn Bancorp's stock symbol?

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

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 WeBull, 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 $23.40.

How big of a company is Mid Penn Bancorp?

Mid Penn Bancorp has a market capitalization of $197.03 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 418 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 1/17/2021 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here