Mid Penn Bancorp (MPB) Stock Price, News & Analysis

Company Overview

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. 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 trust, retail investment, wealth management, and insurance services; and provides online banking, telephone banking, cash management, and automated teller services, as well as safe deposit boxes. The company was founded in 1868 and is headquartered in Harrisburg, Pennsylvania.

Key Stats

• Today's Range: $30.91 to $31.45
• 50-Day Range: $28.74 to $33.02
• 52-Week Range: $19.20 to $33.23
• Volume: 40,890 shs
• Average Volume: 92,225 shs
• Market Capitalization: $522.70 million
• P/E Ratio: 10.81
• Dividend Yield: 2.54%
• Price Target: $36.00
• Consensus Rating: Buy

Mid Penn Bancorp Stock Analysis - MarketRank™

Mid Penn Bancorp scored higher than 86% of companies evaluated by MarketBeat, and ranked 237th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Mid Penn Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Mid Penn Bancorp has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 14.80%

Earnings Growth

Earnings for Mid Penn Bancorp are expected to grow by 14.80% in the coming year, from $2.77 to $3.18 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Mid Penn Bancorp is 10.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mid Penn Bancorp is 10.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.18.

Price to Book Value per Share Ratio

Mid Penn Bancorp has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.37% of the outstanding shares of Mid Penn Bancorp have been sold short.

Short Interest Ratio / Days to Cover

Mid Penn Bancorp has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Mid Penn Bancorp has recently decreased by 15.97%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Mid Penn Bancorp pays a meaningful dividend of 2.54%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Mid Penn Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Mid Penn Bancorp is 27.49%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Mid Penn Bancorp will have a dividend payout ratio of 25.16% next year. This indicates that Mid Penn Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.37% of the outstanding shares of Mid Penn Bancorp have been sold short.

Short Interest Ratio / Days to Cover

Mid Penn Bancorp has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Mid Penn Bancorp has recently decreased by 15.97%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: N/A

News Sentiment

Mid Penn Bancorp has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Mid Penn Bancorp this week, compared to 1 article on an average week.

Search Interest

Only 2 people have searched for MPB on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Mid Penn Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $285,241.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

10.70% of the stock of Mid Penn Bancorp is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

43.11% of the stock of Mid Penn Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MPB Stock Analysis - Frequently Asked Questions

How have MPB shares performed this year?

Mid Penn Bancorp's stock was trading at $24.28 at the beginning of the year. Since then, MPB stock has increased by 29.5% and is now trading at $31.45.
View the best growth stocks for 2024 here.

How were Mid Penn Bancorp's earnings last quarter?

Mid Penn Bancorp, Inc. (NASDAQ:MPB) posted its quarterly earnings data on Friday, January, 26th. The financial services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.59 by $0.14. The financial services provider had revenue of $42.12 million for the quarter, compared to the consensus estimate of $42.03 million. Mid Penn Bancorp had a net margin of 16.06% and a trailing twelve-month return on equity of 8.34%.

Who are Mid Penn Bancorp's major shareholders?

Top institutional investors of Mid Penn Bancorp include Wellington Management Group LLP (3.84%), Banc Funds Co. LLC (2.18%), Geode Capital Management LLC (2.11%) and State Street Corp (1.82%). Insiders that own company stock include Noble C Quandel Jr, Soto Matthew G De, Rory G Ritrievi, John E Noone, Bruce A Kiefer, Albert J Evans, Theodore W Mowery, Frank Gumina Jr, Kimberly J Brumbaugh, Joel L Frank, Robert A Abel, Maureen M Gathagan, Joan E Dickinson, Brian Arden Sr Hudson and David E Sparks.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Mid Penn Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Mid Penn Bancorp investors own include JPMorgan Chase & Co. (JPM), Tesla (TSLA), Advanced Micro Devices (AMD), NVIDIA (NVDA), Meta Platforms (META), Home Depot (HD) and Netflix (NFLX).

Company Calendar

• Last Earnings: 1/26/2024
• Ex-Dividend for 8/26 Dividend: 8/09/2024
• Dividend Payable: 8/26/2024
• Ex-Dividend for 11/25 Dividend: 11/08/2024
• Today: 11/21/2024
• Dividend Payable: 11/25/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/24/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:MPB
• CUSIP: N/A
• CIK: 879635
• Web: www.midpennbank.com
• Phone: (866) 642-7736
• Fax: 717-692-4861
• Employees: 620
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $36.00
• High Stock Price Target: $37.00
• Low Stock Price Target: $35.00
• Potential Upside/Downside: +14.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.91
• Trailing P/E Ratio: 10.81
• Forward P/E Ratio: 11.35
• P/E Growth: N/A
• Net Income: $37.40 million
• Net Margins: 16.06%
• Pretax Margin: 19.36%
• Return on Equity: 8.34%
• Return on Assets: 0.86%

Debt

• Debt-to-Equity Ratio: 0.12
• Current Ratio: 0.95
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $256.35 million
• Price / Sales: 2.04
• Cash Flow: $3.07 per share
• Price / Cash Flow: 10.25
• Book Value: $34.48 per share
• Price / Book: 0.91

Miscellaneous

• Outstanding Shares: 16,620,000
• Free Float: 14,842,000
• Market Cap: $522.70 million
• Optionable: Optionable
• Beta: 0.57