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 twelve months. 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 brokers have issued 1-year price objectives for Mid Penn Bancorp's stock. Their MPB share price targets range from $26.00 to $26.00. On average, they predict the company's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 31.3% 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 the year. Since then, MPB shares have decreased by 18.5% and is now trading at $19.80. View the best growth stocks for 2024 here .

Are investors shorting Mid Penn Bancorp?

Mid Penn Bancorp saw a drop in short interest in March. As of March 31st, there was short interest totaling 34,400 shares, a drop of 48.2% from the March 15th total of 66,400 shares. Based on an average daily volume of 23,500 shares, the days-to-cover ratio is currently 1.5 days. View Mid Penn Bancorp's Short Interest .

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) released its earnings results on Friday, January, 26th. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.14. The financial services provider earned $42.12 million during the quarter, compared to analyst estimates of $42.03 million. Mid Penn Bancorp had a trailing twelve-month return on equity of 8.37% 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. Investors of record on Friday, February 9th will be paid a dividend of $0.20 per share on Tuesday, February 20th. This represents a $0.80 dividend on an annualized basis and a yield of 4.04%. 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 4.17%. 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) .

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 .

Positive News SentimentPositive News

NASDAQ:MPB

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

→ New crypto project uncovers 2,050% in 65 days (From InvestorPlace) (Ad)

Free MPB Stock Alerts

$19.80

+0.28 (+1.43%)

(As of 04/18/2024 ET)

Compare

Today's Range: $19.26
▼
$19.80
50-Day Range: $19.20
▼
$22.15
52-Week Range: $18.25
▼
$25.92

Volume: 39,490 shs
Average Volume: 24,476 shs
Market Capitalization: $328.09 million

P/E Ratio: 8.68
Dividend Yield: 4.04%
Price Target: $26.00

Get Mid Penn Bancorp alerts:

Mid Penn Bancorp MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 31.3% Upside
$26.00 Price Target
Short Interest: Healthy
0.21% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$103,875 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.

4.90 out of 5 stars

Finance Sector

46th out of 822 stocks

State Commercial Banks Industry

12th out of 172 stocks

3.5

Analyst's Opinion

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 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.21% 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 1.5, 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 48.19%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Mid Penn Bancorp is a leading dividend payer. It pays a dividend yield of 4.17%, putting its dividend yield in the top 25% of dividend-paying stocks.
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 35.09%. 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 25.81% next year. This indicates that Mid Penn Bancorp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MPB.

2.7

News and Social Media Coverage

News Sentiment
Mid Penn Bancorp has a news sentiment score of 1.88. 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 higher news sentiment than the 0.57 average news sentiment score of Finance companies.
Search Interest
Only 1 people have searched for MPB on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

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 $103,875.00 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.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Mid Penn Bancorp are expected to grow by 16.54% in the coming year, from $2.66 to $3.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mid Penn Bancorp is 8.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mid Penn Bancorp is 8.68, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.13.
Price to Book Value per Share Ratio
Mid Penn Bancorp has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad InvestorPlace

New crypto project uncovers 2,050% in 65 days

During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.

Just click here to sign up and be among the first to get it.

About Mid Penn Bancorp Stock (NASDAQ:MPB)

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.

MPB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MPB Stock News Headlines

March 19, 2024 | insidertrades.com

Mid Penn Bancorp, Inc. (NASDAQ:MPB) Director Theodore W. Mowery Buys 2,000 Shares

April 11, 2024 | americanbankingnews.com

Mid Penn Bancorp, Inc. (NASDAQ:MPB) Sees Significant Decrease in Short Interest

April 19, 2024 | InvestorPlace (Ad)

You’re invited: Biggest crypto event of 2024

During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.

March 20, 2024 | investing.com

Mid Penn Bancorp director buys $40.8k in company stock

March 14, 2024 | msn.com

Mid Penn Bank Launches Sports and Entertainment Division of Private Bank

February 23, 2024 | benzinga.com

Mid Penn Bancorp Stock (NASDAQ:MPB) Earnings Dates and Earning Calls

February 22, 2024 | benzinga.com

Mid Penn Bancorp Stock (NASDAQ:MPB) Dividends: History, Yield and Dates

February 1, 2024 | markets.businessinsider.com

KBW Reaffirms Their Buy Rating on Mid Penn Bancorp (MPB)

April 19, 2024 | InvestorPlace (Ad)

You’re invited: Biggest crypto event of 2024

During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.

January 29, 2024 | markets.businessinsider.com

KBW Remains a Buy on Mid Penn Bancorp (MPB)

January 27, 2024 | finance.yahoo.com

Mid Penn Bancorp Full Year 2023 Earnings: EPS Misses Expectations

January 26, 2024 | benzinga.com

Recap: Mid Penn Bancorp Q4 Earnings

January 26, 2024 | finance.yahoo.com

Mid Penn Bancorp Inc Reports Robust Earnings Growth and Declares Dividend

January 26, 2024 | finance.yahoo.com

Mid Penn Bancorp, Inc. Reports Fourth Quarter Earnings and Declares Quarterly Dividend

January 26, 2024 | finance.yahoo.com

Mid Penn Bancorp (MPB) Q4 Earnings and Revenues Surpass Estimates

January 19, 2024 | finance.yahoo.com

Mid Penn Bank Promotes Jordan Space to President of the Private Bank and Chief Operating Officer of the Company

January 18, 2024 | finance.yahoo.com

Mid Penn Bank Promotes Scott Micklewright to President of the Commercial and Consumer Bank

January 12, 2024 | marketwatch.com

Mid Penn Bancorp Names Justin Webb Finance Chief

January 12, 2024 | finance.yahoo.com

Mid Penn Bancorp, Inc. Appoints Justin T. Webb as Chief Financial Officer

January 1, 2024 | finance.yahoo.com

Institutions own 41% of Mid Penn Bancorp, Inc. (NASDAQ:MPB) shares but retail investors control 53% of the company

December 14, 2023 | finance.yahoo.com

First Mid Bancshares (FMBH) Stock Jumps 5.8%: Will It Continue to Soar?

December 5, 2023 | finance.yahoo.com

Shareholders in Mid Penn Bancorp (NASDAQ:MPB) are in the red if they invested a year ago

December 4, 2023 | realmoney.thestreet.com

Mid Penn Bancorp initiated with an Outperform at Keefe Bruyette

November 8, 2023 | morningstar.com

Mid Penn Bancorp Inc MPB

November 8, 2023 | finance.yahoo.com

Mid Penn Bancorp's Albert Evans Acquires 17% More Stock

November 4, 2023 | finance.yahoo.com

Mid Penn Bancorp, Inc. (NASDAQ:MPB) Looks Interesting, And It's About To Pay A Dividend

October 29, 2023 | finance.yahoo.com

Mid Penn Bancorp (NASDAQ:MPB) Has Announced A Dividend Of $0.20

See More Headlines

Receive MPB Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Mid Penn Bancorp and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 1/26/2024
Ex-Dividend for 2/20 Dividend: 2/08/2024
Dividend Payable: 2/20/2024
Today: 4/18/2024
Next Earnings (Estimated): 4/26/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:MPB
CUSIP: N/A
CIK: 879635
Web: www.midpennbank.com
Phone: (866) 642-7736
Fax: 717-692-4861
Employees: 621
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: +31.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.28
Trailing P/E Ratio: 8.68
Forward P/E Ratio: 7.44
P/E Growth: N/A
Net Income: $37.40 million
Net Margins: 14.59%
Pretax Margin: 17.43%
Return on Equity: 8.37%
Return on Assets: 0.87%

Debt

Debt-to-Equity Ratio: 0.19
Current Ratio: 0.94
Quick Ratio: 0.94

Sales & Book Value

Annual Sales: $256.35 million
Price / Sales: 1.28
Cash Flow: $3.17 per share
Price / Cash Flow: 6.24
Book Value: $32.54 per share
Price / Book: 0.61

Miscellaneous

Outstanding Shares: 16,570,000
Free Float: 14,801,000
Market Cap: $328.09 million
Optionable: Optionable
Beta: 0.57

Ten Starter Stocks For Beginners to Buy Now

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report

Key Executives

Mr. Rory G. Ritrievi (Age 60)
President, CEO & Chairman
Comp: $1.05M
Mr. Justin T. Webb (Age 41)
Chief Financial Officer
Comp: $554.11k
Mr. Scott W. Micklewright (Age 41)
Chief Revenue Officer
Comp: $550.7k
Mr. Joseph Louis Paese CFP (Age 80)
Executive VP and Director of Trust & Wealth Management of Mid Penn Bank
Comp: $385.23k
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 (Age 50)
Senior EVP, Central Pennsylvania Market President & Chief Lending Officer of Bank
Elizabeth O. Martin
Corporate Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 twelve months. 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 brokers have issued 1-year price objectives for Mid Penn Bancorp's stock. Their MPB share price targets range from $26.00 to $26.00. On average, they predict the company's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 31.3% 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 the year. Since then, MPB shares have decreased by 18.5% and is now trading at $19.80.
View the best growth stocks for 2024 here.
Are investors shorting Mid Penn Bancorp?: Mid Penn Bancorp saw a drop in short interest in March. As of March 31st, there was short interest totaling 34,400 shares, a drop of 48.2% from the March 15th total of 66,400 shares. Based on an average daily volume of 23,500 shares, the days-to-cover ratio is currently 1.5 days.
View Mid Penn Bancorp's Short Interest.
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) released its earnings results on Friday, January, 26th. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.14. The financial services provider earned $42.12 million during the quarter, compared to analyst estimates of $42.03 million. Mid Penn Bancorp had a trailing twelve-month return on equity of 8.37% 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. Investors of record on Friday, February 9th will be paid a dividend of $0.20 per share on Tuesday, February 20th. This represents a $0.80 dividend on an annualized basis and a yield of 4.04%. 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 4.17%. 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).
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 4/19/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

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

Mid Penn Bancorp MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

Search Interest

Company Ownership

Earnings and Valuation

About Mid Penn Bancorp Stock (NASDAQ:MPB)

MPB Stock Price History

MPB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MPB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™