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NASDAQ:MPB

Mid Penn Bancorp - MPB Stock Forecast, Price & News

$32.49
+0.01 (+0.03%)
(As of 12/7/2022 12:06 PM ET)
Add
Compare
Today's Range
$32.49
$32.56
50-Day Range
$28.21
$34.20
52-Week Range
$24.81
$34.99
Volume
115 shs
Average Volume
69,659 shs
Market Capitalization
$515.94 million
P/E Ratio
13.00
Dividend Yield
2.44%
Price Target
$37.00

Mid Penn Bancorp MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
13.9% Upside
$37.00 Price Target
Short Interest
Healthy
0.62% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.38mentions of Mid Penn Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$7,499 Bought Last Quarter
Proj. Earnings Growth
16.56%
From $3.26 to $3.80 Per Share

Overall MarketRank

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

2.53 out of 5 stars

Finance Sector

330th out of 872 stocks

State Commercial Banks Industry

68th out of 183 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.

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MPB Stock News Headlines

Mid Penn Bancorp (NASDAQ:MPB) Sees Strong Trading Volume
Is the Mid Penn Bancorp Inc dividend a hidden gem?
Mid Penn Bancorp, Inc.
See More Headlines
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MPB Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 11/28 Dividend
11/09/2022
Dividend Payable
11/28/2022
Today
12/07/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/07/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$37.00
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
+13.9%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$29.32 million
Pretax Margin
27.93%

Debt

Sales & Book Value

Annual Sales
$144.85 million
Cash Flow
$2.64 per share
Book Value
$30.71 per share

Miscellaneous

Free Float
14,247,000
Market Cap
$515.94 million
Optionable
Not Optionable
Beta
0.54

Key Executives

  • Mr. Rory G. Ritrievi (Age 58)
    Pres, CEO & Chairman
    Comp: $824.36k
  • Mr. Justin T. WebbMr. Justin T. Webb (Age 39)
    Sr. EVP & COO
  • Mr. Scott W. Micklewright (Age 39)
    Sr. EVP & Chief Revenue Officer of Mid Penn Bank
  • Ms. Joan E. DickinsonMs. Joan E. Dickinson (Age 57)
    Exec. VP & Chief Retail Office
    Comp: $297.2k
  • Ms. Allison S. Johnson (Age 37)
    Sr. EVP & CFO
  • Margaret E. Steinour
    Sr. VP & Chief Admin. Officer
  • Mr. Joseph Louis Paese CFP (Age 78)
    CFP, Exec. VP and Director of Trust & Wealth Management of Mid Penn Bank
  • Elizabeth O. Martin
    Corp. Sec.













MPB Stock - Frequently Asked Questions

What is Mid Penn Bancorp's stock price forecast for 2023?

0 brokers have issued 12-month target prices for Mid Penn Bancorp's shares. Their MPB share price forecasts range from $37.00 to $37.00. On average, they anticipate the company's stock price to reach $37.00 in the next twelve months. This suggests a possible upside of 13.9% from the stock's current price.
View analysts price targets for MPB
or view top-rated stocks among Wall Street analysts.

How have MPB shares performed in 2022?

Mid Penn Bancorp's stock was trading at $31.74 at the start of the year. Since then, MPB stock has increased by 2.3% and is now trading at $32.48.
View the best growth stocks for 2022 here
.

Are investors shorting Mid Penn Bancorp?

Mid Penn Bancorp saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 98,400 shares, a decline of 30.9% from the October 31st total of 142,300 shares. Based on an average daily trading volume, of 27,200 shares, the days-to-cover ratio is currently 3.6 days.
View Mid Penn Bancorp's Short Interest
.

When is Mid Penn Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our MPB earnings forecast
.

How were Mid Penn Bancorp's earnings last quarter?

Mid Penn Bancorp, Inc. (NASDAQ:MPB) announced its quarterly earnings results on Tuesday, October, 26th. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.39. The financial services provider earned $32.50 million during the quarter, compared to the consensus estimate of $28.67 million. Mid Penn Bancorp had a net margin of 22.79% and a trailing twelve-month return on equity of 9.65%.

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

Mid Penn Bancorp declared a quarterly dividend on Wednesday, October 26th. Investors of record on Thursday, November 10th will be given a dividend of $0.20 per share on Monday, November 28th. This represents a $0.80 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Wednesday, November 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 2.44%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MPB will have a dividend payout ratio of 21.05% 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (6.81%), Vanguard Group Inc. (3.87%), Alliancebernstein L.P. (1.75%), The Manufacturers Life Insurance Company (1.71%), State Street Corp (1.41%) and Dimensional Fund Advisors LP (1.18%). 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 $32.48.

How much money does Mid Penn Bancorp make?

Mid Penn Bancorp (NASDAQ:MPB) has a market capitalization of $515.88 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 $2.50 on an earnings per share basis.

How many employees does Mid Penn Bancorp have?

The company 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 12/7/2022 by MarketBeat.com Staff