Mid Penn Bancorp, Inc. (NASDAQ:MPB – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 95,800 shares, a growth of 16.8% from the August 15th total of 82,000 shares. Based on an average trading volume of 39,300 shares, the days-to-cover ratio is presently 2.4 days.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of Mid Penn Bancorp from $25.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. StockNews.com upgraded Mid Penn Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, August 9th.
View Our Latest Analysis on MPB
Institutional Inflows and Outflows
Mid Penn Bancorp Trading Up 0.6 %
Shares of MPB stock traded up $0.17 during trading hours on Tuesday, reaching $29.85. The company’s stock had a trading volume of 32,192 shares, compared to its average volume of 34,863. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $498.17 million, a P/E ratio of 12.92 and a beta of 0.58. The firm’s fifty day simple moving average is $27.58 and its 200 day simple moving average is $23.14. Mid Penn Bancorp has a one year low of $18.63 and a one year high of $30.55.
Mid Penn Bancorp (NASDAQ:MPB – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. Mid Penn Bancorp had a net margin of 15.57% and a return on equity of 7.99%. The business had revenue of $44.10 million during the quarter, compared to analyst estimates of $41.63 million. Equities research analysts expect that Mid Penn Bancorp will post 2.81 EPS for the current year.
Mid Penn Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, August 9th. Mid Penn Bancorp’s dividend payout ratio is currently 34.63%.
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.
See Also
- Five stocks we like better than Mid Penn Bancorp
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- 5 Top Rated Dividend Stocks to Consider
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- Why Invest in 5G? How to Invest in 5G Stocks
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Receive News & Ratings for Mid Penn Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid Penn Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.