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

Mid Penn Bancorp (NASDAQ:MPBGet Free Report) 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.

Read Our Latest Stock Report on Mid Penn Bancorp

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

(Get Free Report)

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.

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Earnings History for Mid Penn Bancorp (NASDAQ:MPB)

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