NASDAQ:MPB

Mid Penn Bancorp Stock Forecast, Price & News

$28.15
-0.57 (-1.98 %)
(As of 06/17/2021 12:00 AM ET)
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Today's Range
$28.14
$28.98
50-Day Range
$24.78
$29.21
52-Week Range
$16.82
$29.87
Volume66,032 shs
Average Volume32,379 shs
Market Capitalization$321.08 million
P/E Ratio7.51
Dividend Yield2.79%
Beta0.7
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Mid Penn Bancorp logo

About Mid Penn Bancorp

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, 2020, it operated thirty-six 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.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

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Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.78 out of 5 stars

Finance Sector

383rd out of 1,977 stocks

State Commercial Banks Industry

70th out of 311 stocks

Analyst Opinion: 1.5Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
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Mid Penn Bancorp (NASDAQ:MPB) Frequently Asked Questions

Is Mid Penn Bancorp a buy right now?

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.
View analyst ratings for Mid Penn Bancorp
or view top-rated stocks.

What stocks does MarketBeat like better than Mid Penn Bancorp?

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

Are investors shorting Mid Penn Bancorp?

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.
View Mid Penn Bancorp's Short Interest
.

When is Mid Penn Bancorp's next earnings date?

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
.

How were Mid Penn Bancorp's earnings last quarter?

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
.

How has Mid Penn Bancorp's stock price 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 (WHO). Since then, MPB stock has increased by 60.9% and is now trading at $28.15.
View which stocks have been most impacted by COVID-19
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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 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
.

Is Mid Penn Bancorp a good dividend stock?

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.

What price target have analysts set for MPB?

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.

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 57, Pay $857.3k)
  • Mr. Michael D. Peduzzi CPA, CPA, Sr. EVP & CFO (Age 55, Pay $489.36k)
  • Mr. Scott W. Micklewright, Sr. EVP & Chief Revenue Officer of Mid Penn Bank (Age 38)
  • Mr. Justin T. Webb, Sr. EVP & COO of Mid Penn Bank (Age 38)
  • Ms. Joan E. Dickinson, Chief of Staff (Age 56, Pay $338.31k)
  • Margaret E. Steinour, Sr. VP & Chief Admin. Officer
  • Ms. Cindy L. Wetzel, Sec. (Age 59)
  • Mr. Joseph Louis Paese CFP, CFP, Exec. VP and Director of Trust & Wealth Management of Mid Penn Bank (Age 77)

What is Rory G. Ritrievi's approval rating as Mid Penn Bancorp's CEO?

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.

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

What other stocks do shareholders of Mid Penn Bancorp own?

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 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
.

Which institutional investors are selling Mid Penn Bancorp stock?

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.

Which institutional investors are buying Mid Penn Bancorp stock?

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.

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.
Compare Top Brokerages Here.

What is Mid Penn Bancorp's stock price today?

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

How much money does Mid Penn Bancorp make?

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.

How many employees does Mid Penn Bancorp have?

Mid Penn Bancorp employs 444 workers across the globe.

What is Mid Penn Bancorp's official website?

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

Where are Mid Penn Bancorp's headquarters?

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

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 6/17/2021 by MarketBeat.com Staff
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