Shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Analysts have set a 12-month consensus target price of $27.00 for the company and are anticipating that the company will post $0.57 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Mid Penn Bancorp an industry rank of 184 out of 256 based on the ratings given to its competitors.
A number of research firms have issued reports on MPB. DA Davidson began coverage on shares of Mid Penn Bancorp in a research report on Tuesday, April 16th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded shares of Mid Penn Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday.
A number of large investors have recently bought and sold shares of MPB. Bank of New York Mellon Corp grew its stake in Mid Penn Bancorp by 78.5% in the 4th quarter. Bank of New York Mellon Corp now owns 26,672 shares of the financial services provider’s stock valued at $614,000 after buying an additional 11,729 shares during the last quarter. BlackRock Inc. boosted its holdings in Mid Penn Bancorp by 4.6% in the 4th quarter. BlackRock Inc. now owns 222,286 shares of the financial services provider’s stock valued at $5,116,000 after purchasing an additional 9,707 shares during the period. Geode Capital Management LLC boosted its holdings in Mid Penn Bancorp by 12.1% in the 4th quarter. Geode Capital Management LLC now owns 48,092 shares of the financial services provider’s stock valued at $1,107,000 after purchasing an additional 5,187 shares during the period. Bank of America Corp DE boosted its holdings in Mid Penn Bancorp by 34.8% in the 4th quarter. Bank of America Corp DE now owns 8,359 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 2,156 shares during the period. Finally, Wharton Business Group LLC boosted its holdings in Mid Penn Bancorp by 7.2% in the 1st quarter. Wharton Business Group LLC now owns 30,580 shares of the financial services provider’s stock valued at $749,000 after purchasing an additional 2,065 shares during the period. Institutional investors and hedge funds own 15.25% of the company’s stock.
Shares of Mid Penn Bancorp stock traded down $0.75 on Friday, hitting $25.07. The company had a trading volume of 1,781 shares, compared to its average volume of 7,348. Mid Penn Bancorp has a 52 week low of $21.54 and a 52 week high of $32.85. The stock has a market cap of $218.50 million, a P/E ratio of 12.23 and a beta of 0.54. The business has a 50-day simple moving average of $25.71. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40.
Mid Penn Bancorp (NASDAQ:MPB) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). The business had revenue of $20.64 million for the quarter, compared to analyst estimates of $20.39 million. Mid Penn Bancorp had a net margin of 15.61% and a return on equity of 7.89%. On average, equities analysts expect that Mid Penn Bancorp will post 2.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Wednesday, August 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.72 dividend on an annualized basis and a yield of 2.87%. Mid Penn Bancorp’s payout ratio is presently 35.12%.
Mid Penn Bancorp Company Profile
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 IRAs.
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