Mid Penn Bancorp (MPB) to Release Quarterly Earnings on Friday

Mid Penn Bancorp (NASDAQ:MPB - Get Free Report) will likely be releasing its earnings data before the market opens on Friday, January 24th. Analysts expect Mid Penn Bancorp to post earnings of $0.71 per share and revenue of $46,120.00 billion for the quarter.

Mid Penn Bancorp Stock Up 0.1 %

Shares of MPB stock traded up $0.02 during trading hours on Friday, hitting $28.98. 27,484 shares of the company were exchanged, compared to its average volume of 66,624. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a market capitalization of $481.56 million, a price-to-earnings ratio of 9.96 and a beta of 0.57. Mid Penn Bancorp has a one year low of $19.20 and a one year high of $33.87. The business's 50-day simple moving average is $30.50 and its two-hundred day simple moving average is $29.02.

Mid Penn Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Friday, November 8th. Mid Penn Bancorp's dividend payout ratio is presently 27.49%.

Analysts Set New Price Targets

A number of brokerages have weighed in on MPB. Piper Sandler increased their target price on shares of Mid Penn Bancorp from $31.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, October 28th. StockNews.com lowered shares of Mid Penn Bancorp from a "buy" rating to a "hold" rating in a research note on Monday, October 14th. Finally, Keefe, Bruyette & Woods lifted their target price on Mid Penn Bancorp from $34.00 to $37.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th.

Insider Activity

In other Mid Penn Bancorp news, Director Albert J. Evans bought 8,474 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $29.50 per share, for a total transaction of $249,983.00. Following the transaction, the director now directly owns 34,712 shares in the company, valued at $1,024,004. The trade was a 32.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders bought 9,678 shares of company stock valued at $285,510. 9.90% of the stock is currently owned by company insiders.

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 individual retirement accounts.