Mid Penn Bancorp (NASDAQ:MPB – Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $0.71 EPS for the quarter, meeting analysts’ consensus estimates of $0.71, Zacks reports. Mid Penn Bancorp had a net margin of 15.99% and a return on equity of 8.43%.
Mid Penn Bancorp Stock Performance
NASDAQ MPB opened at $30.00 on Friday. Mid Penn Bancorp has a 52-week low of $19.20 and a 52-week high of $33.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.95. The company has a market capitalization of $498.60 million, a P/E ratio of 10.34 and a beta of 0.57. The company has a fifty day moving average of $30.19 and a 200-day moving average of $29.29.
Mid Penn Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, February 7th. Mid Penn Bancorp’s dividend payout ratio is currently 27.59%.
Insider Transactions at Mid Penn Bancorp
Analyst Ratings Changes
A number of research analysts have recently commented on MPB shares. StockNews.com lowered shares of Mid Penn Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Keefe, Bruyette & Woods boosted their price target on shares of Mid Penn Bancorp from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Finally, Piper Sandler boosted their price target on shares of Mid Penn Bancorp from $31.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, October 28th.
Read Our Latest Stock Analysis on MPB
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.
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