Mid Penn Bancorp - MPB Stock Forecast, Price & News

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.

Mid Penn Bancorp Trading Up 1.6 %

Shares of MPB traded up $0.46 during midday trading on Monday, hitting $29.60. The stock had a trading volume of 173 shares, compared to its average volume of 25,237. Mid Penn Bancorp has a 1 year low of $24.81 and a 1 year high of $33.89. The firm has a market cap of $472.45 million, a PE ratio of 12.21 and a beta of 0.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95. The stock's 50 day moving average is $27.50 and its 200 day moving average is $27.37.

Mid Penn Bancorp (NASDAQ:MPB - Get Rating) last announced its earnings results on Wednesday, July 27th. The financial services provider reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.09. The business had revenue of $40.66 million for the quarter, compared to the consensus estimate of $38.72 million. Mid Penn Bancorp had a net margin of 21.06% and a return on equity of 9.46%. As a group, analysts forecast that Mid Penn Bancorp will post 3.02 EPS for the current fiscal year.

Mid Penn Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 22nd. Investors of record on Wednesday, August 10th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, August 9th. Mid Penn Bancorp's dividend payout ratio is presently 33.47%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Mid Penn Bancorp from a "buy" rating to a "hold" rating in a research note on Monday, May 23rd.

Insider Buying and Selling

In related news, Director Robert A. Abel purchased 3,000 shares of Mid Penn Bancorp stock in a transaction that occurred on Monday, August 1st. The shares were bought at an average price of $28.78 per share, with a total value of $86,340.00. Following the purchase, the director now directly owns 19,082 shares of the company's stock, valued at approximately $549,179.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 3,612 shares of company stock valued at $102,056 in the last 90 days. Company insiders own 10.30% of the company's stock.