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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:MPB

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

$20.01
-0.15 (-0.74%)
(As of 03/28/2024 ET)
Today's Range
$19.95
$20.27
50-Day Range
$19.50
$23.89
52-Week Range
$18.25
$26.14
Volume
39,130 shs
Average Volume
23,740 shs
Market Capitalization
$333.57 million
P/E Ratio
8.78
Dividend Yield
4.00%
Price Target
$26.00

Mid Penn Bancorp MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
29.9% Upside
$26.00 Price Target
Short Interest
Healthy
0.40% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.93mentions of Mid Penn Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$101,353 Bought Last Quarter
Proj. Earnings Growth
16.54%
From $2.66 to $3.10 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.92 out of 5 stars

Finance Sector

41st out of 849 stocks

State Commercial Banks Industry

11th out of 174 stocks

MPB stock logo

About Mid Penn Bancorp Stock (NASDAQ:MPB)

Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that engages in the provision of 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 and wealth management and insurance services; 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.

MPB Stock Price History

MPB Stock News Headlines

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KBW Reaffirms Their Buy Rating on Mid Penn Bancorp (MPB)
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
KBW Remains a Buy on Mid Penn Bancorp (MPB)
Recap: Mid Penn Bancorp Q4 Earnings
Mid Penn Bancorp Names Justin Webb Finance Chief
Mid Penn Bancorp initiated with an Outperform at Keefe Bruyette
Mid Penn Bancorp Inc MPB
Mid Penn Bancorp's Albert Evans Acquires 17% More Stock
See More Headlines
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Company Calendar

Last Earnings
1/26/2024
Ex-Dividend for 2/20 Dividend
2/08/2024
Dividend Payable
2/20/2024
Today
3/28/2024
Next Earnings (Estimated)
4/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:MPB
Employees
590
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.00
High Stock Price Target
$26.00
Low Stock Price Target
$26.00
Potential Upside/Downside
+29.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$37.40 million
Pretax Margin
20.79%

Debt

Sales & Book Value

Annual Sales
$256.35 million
Cash Flow
$3.99 per share
Book Value
$32.24 per share

Miscellaneous

Free Float
14,885,000
Market Cap
$333.57 million
Optionable
Optionable
Beta
0.58
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Key Executives

  • Mr. Rory G. Ritrievi (Age 60)
    President, CEO & Chairman
    Comp: $871.86k
  • Mr. Justin T. WebbMr. Justin T. Webb (Age 41)
    Chief Financial Officer
    Comp: $540.42k
  • Mr. Scott W. Micklewright (Age 41)
    Chief Revenue Officer
    Comp: $502.27k
  • Mr. Joseph Louis Paese CFP (Age 80)
    Executive VP and Director of Trust & Wealth Management of Mid Penn Bank
    Comp: $315.99k
  • Mr. Jordan D. Space
    Chief Operating Officer
  • Margaret E. Steinour
    Senior VP & Chief Administrative Officer
  • Zachary C. Miller
    First SVP & Chief Risk Officer
  • Ms. Heather R. Hall
    Executive VP & Market President
  • Elizabeth O. Martin
    Corporate Secretary

MPB Stock Analysis - Frequently Asked Questions

Should I buy or sell Mid Penn Bancorp stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Mid Penn Bancorp in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MPB shares.
View MPB analyst ratings
or view top-rated stocks.

What is Mid Penn Bancorp's stock price target for 2024?

2 Wall Street analysts have issued 12 month price objectives for Mid Penn Bancorp's stock. Their MPB share price targets range from $26.00 to $26.00. On average, they expect the company's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 29.9% 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 2024?

Mid Penn Bancorp's stock was trading at $24.28 at the beginning of 2024. Since then, MPB stock has decreased by 17.6% and is now trading at $20.01.
View the best growth stocks for 2024 here
.

When is Mid Penn Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our MPB earnings forecast
.

How were Mid Penn Bancorp's earnings last quarter?

Mid Penn Bancorp, Inc. (NASDAQ:MPB) announced its quarterly earnings data on Friday, January, 26th. The financial services provider reported $0.73 earnings per share (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 analyst estimates of $42.03 million. Mid Penn Bancorp had a trailing twelve-month return on equity of 8.46% and a net margin of 14.59%.

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

Mid Penn Bancorp announced a quarterly dividend on Wednesday, January 24th. Stockholders of record on Friday, February 9th will be given a dividend of $0.20 per share on Tuesday, February 20th. This represents a $0.80 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, February 8th.
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 4.10%. MPB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 35.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MPB will have a dividend payout ratio of 25.81% 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).

Who are Mid Penn Bancorp's major shareholders?

Mid Penn Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (4.23%), Vanguard Group Inc. (4.06%), Vanguard Group Inc. (4.06%), Dimensional Fund Advisors LP (2.20%), Northern Trust Corp (0.81%) and LSV Asset Management (0.70%). Insiders that own company stock include Alan P Novak, Brian Arden Sr Hudson, Bruce A Kiefer, David E Sparks, Frank Gumina Jr, Joan E Dickinson, John E Noone, Justin T Webb, Kimberly J Brumbaugh, Maureen M Gathagan, Michael D Peduzzi, Noble C Quandel Jr, Robert A Abel, Rory G Ritrievi, Soto Matthew G De, Theodore W Mowery and Theodore W Mowery.
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.

This page (NASDAQ:MPB) was last updated on 3/29/2024 by MarketBeat.com Staff

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