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

Mid Penn Bancorp (NASDAQ:MPB) is expected to post its quarterly earnings results 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 Up 0.0 %

Shares of NASDAQ:MPB opened at $28.96 on Friday. Mid Penn Bancorp has a 12 month low of $19.20 and a 12 month high of $33.87. The firm has a market cap of $481.32 million, a P/E ratio of 9.95 and a beta of 0.57. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $30.50 and its two-hundred day moving average price is $29.02.

Mid Penn Bancorp Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on MPB. StockNews.com lowered Mid Penn Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Keefe, Bruyette & Woods lifted their price objective on Mid Penn Bancorp from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Finally, Piper Sandler boosted their price objective on Mid Penn Bancorp from $31.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, October 28th.

Insiders Place Their Bets

In related news, Director Albert J. Evans bought 8,474 shares of the business’s stock in a transaction on Friday, November 1st. The shares were purchased at an average price of $29.50 per share, with a total value of $249,983.00. Following the completion of the purchase, the director now owns 34,712 shares of the company’s stock, valued at $1,024,004. This represents a 32.30 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders acquired 9,678 shares of company stock valued at $285,510. Company insiders own 9.90% of the company’s stock.

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.