Mid Penn Bancorp - MPB Stock Forecast, Price & News

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.

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.
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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.

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

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%.

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.

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.

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.

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).

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

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.
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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.
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One share of MPB stock can currently be purchased for approximately $32.48.

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.

The company employs 573 workers across the globe.

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.