Mid Penn Bancorp (MPB) Expected to Announce Earnings on Wednesday

Mid Penn Bancorp (NASDAQ:MPB) is projected to release its earnings data before the market opens on Wednesday, April 23rd. Analysts expect Mid Penn Bancorp to post earnings of $0.62 per share and revenue of $47.20 million for the quarter.

Mid Penn Bancorp (NASDAQ:MPB) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.71 EPS for the quarter, meeting analysts’ consensus estimates of $0.71. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%. On average, analysts expect Mid Penn Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Mid Penn Bancorp Stock Performance

MPB stock opened at $25.23 on Wednesday. The stock’s 50 day simple moving average is $26.81 and its 200 day simple moving average is $29.15. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. Mid Penn Bancorp has a 12-month low of $19.20 and a 12-month high of $33.87. The stock has a market capitalization of $488.35 million, a PE ratio of 8.70 and a beta of 0.58.

Mid Penn Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, February 7th were given a dividend of $0.20 per share. The ex-dividend date was Friday, February 7th. This represents a $0.80 annualized dividend and a dividend yield of 3.17%. Mid Penn Bancorp’s dividend payout ratio (DPR) is presently 27.59%.

Insiders Place Their Bets

In other news, Director Soto Matthew G. De acquired 2,575 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average price of $29.07 per share, with a total value of $74,855.25. Following the completion of the acquisition, the director now directly owns 103,162 shares of the company’s stock, valued at approximately $2,998,919.34. The trade was a 2.56 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rory G. Ritrievi acquired 3,365 shares of Mid Penn Bancorp stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average price of $29.56 per share, with a total value of $99,469.40. Following the transaction, the chief executive officer now owns 10,750 shares of the company’s stock, valued at $317,770. The trade was a 45.57 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 9,010 shares of company stock valued at $266,495. 10.70% of the stock is owned by 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.