Brokerages expect that Mid Penn Bancorp, Inc. (NASDAQ:MPB) will report $0.57 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for Mid Penn Bancorp’s earnings. Mid Penn Bancorp reported earnings per share of $0.53 in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.5%. The firm is expected to announce its next earnings report on Monday, January 27th.
On average, analysts expect that Mid Penn Bancorp will report full-year earnings of $2.14 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $2.23 per share. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Mid Penn Bancorp.
Several brokerages have recently weighed in on MPB. ValuEngine cut shares of Mid Penn Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, December 4th. Zacks Investment Research cut shares of Mid Penn Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday.
Shares of MPB remained flat at $$27.49 during mid-day trading on Thursday. 12,000 shares of the stock traded hands, compared to its average volume of 10,122. The company has a 50-day moving average price of $26.65 and a 200-day moving average price of $25.32. Mid Penn Bancorp has a 52-week low of $21.51 and a 52-week high of $27.81. The company has a market cap of $231.21 million, a price-to-earnings ratio of 13.41 and a beta of 0.59. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.43.
The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Wednesday, November 6th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.72 dividend on an annualized basis and a yield of 2.62%. Mid Penn Bancorp’s payout ratio is 35.12%.
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 IRAs.
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