Mid Penn Bancorp (MPB) Expected to Announce Quarterly Earnings on Friday

Mid Penn Bancorp (NASDAQ:MPB) is expected to be releasing its earnings data before the market opens on Friday, January 24th. Analysts expect Mid Penn Bancorp to post earnings of $0.71 per share and revenue of $46,120.00 billion for the quarter.

Mid Penn Bancorp Stock Performance

Shares of Mid Penn Bancorp stock opened at $28.96 on Friday. The stock’s fifty day simple moving average is $30.50 and its 200 day simple moving average is $29.02. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $481.32 million, a PE ratio of 9.95 and a beta of 0.57. Mid Penn Bancorp has a 12 month low of $19.20 and a 12 month high of $33.87.

Mid Penn Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, November 8th. Mid Penn Bancorp’s dividend payout ratio is currently 27.49%.

Wall Street Analysts Forecast Growth

MPB has been the subject of several research analyst reports. StockNews.com lowered Mid Penn Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Piper Sandler upped their price target on shares of Mid Penn Bancorp from $31.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Mid Penn Bancorp from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th.

Insider Transactions at Mid Penn Bancorp

In other Mid Penn Bancorp news, Director Albert J. Evans acquired 8,474 shares of the stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of $29.50 per share, for a total transaction of $249,983.00. Following the completion of the acquisition, the director now directly owns 34,712 shares of the company’s stock, valued at approximately $1,024,004. This trade represents a 32.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 9,678 shares of company stock valued at $285,510 over the last three months. Company insiders own 9.90% of the company’s stock.

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 individual retirement accounts.