Shares of Mid Penn Bancorp, Inc. (NASDAQ:MPB) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus target price of $27.00 for the company and are forecasting that the company will post $0.58 earnings per share for the current quarter, according to Zacks. Zacks has also given Mid Penn Bancorp an industry rank of 196 out of 255 based on the ratings given to related companies.
A number of equities analysts have recently commented on MPB shares. ValuEngine raised shares of Mid Penn Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Mid Penn Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, September 24th.
MPB stock traded down $0.12 during midday trading on Thursday, reaching $24.80. The company had a trading volume of 321 shares, compared to its average volume of 13,922. Mid Penn Bancorp has a 1 year low of $21.51 and a 1 year high of $28.75. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $217.24 million, a P/E ratio of 12.10 and a beta of 0.57. The company has a 50 day moving average of $24.48 and a two-hundred day moving average of $24.79.
Mid Penn Bancorp (NASDAQ:MPB) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.01). The business had revenue of $20.64 million for the quarter, compared to analyst estimates of $20.39 million. Mid Penn Bancorp had a return on equity of 7.81% and a net margin of 15.61%. On average, sell-side analysts anticipate that Mid Penn Bancorp will post 2.15 earnings per share for the current year.
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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