MPB

Mid Penn BancorpNasdaqGM:MPB Stock Report

Market Cap

US$303.4m

7D

2.0%

1Y

38.9%

Updated

19 Sep, 2021

Data

Company Financials +
MPB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends4/6

MPB Overview

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.

Mid Penn Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mid Penn Bancorp
Historical stock prices
Current Share PriceUS$26.55
52 Week HighUS$17.20
52 Week LowUS$29.87
Beta0.69
1 Month Change-0.26%
3 Month Change-4.67%
1 Year Change38.93%
3 Year Change-9.23%
5 Year Change43.51%
Change since IPO125.76%

Recent News & Updates

Jul 30
Mid Penn Bancorp (NASDAQ:MPB) Will Pay A Larger Dividend Than Last Year At US$0.20

Mid Penn Bancorp (NASDAQ:MPB) Will Pay A Larger Dividend Than Last Year At US$0.20

The board of Mid Penn Bancorp, Inc. ( NASDAQ:MPB ) has announced that it will be increasing its dividend on the 23rd of...

Shareholder Returns

MPBUS BanksUS Market
7D2.0%0.9%-0.6%
1Y38.9%63.3%33.8%

Return vs Industry: MPB underperformed the US Banks industry which returned 63.3% over the past year.

Return vs Market: MPB exceeded the US Market which returned 33.8% over the past year.

Price Volatility

Is MPB's price volatile compared to industry and market?
MPB volatility
MPB Beta0.69
Industry Beta1.37
Market Beta1

Stable Share Price: MPB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MPB's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1868458Rory Ritrievihttps://www.midpennbank.com

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. It also provides a range of loan products comprising mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities, and local government loans.

Mid Penn Bancorp Fundamentals Summary

How do Mid Penn Bancorp's earnings and revenue compare to its market cap?
MPB fundamental statistics
Market CapUS$303.38m
Earnings (TTM)US$34.48m
Revenue (TTM)US$118.37m

8.8x

P/E Ratio

0.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MPB income statement (TTM)
RevenueUS$118.37m
Cost of RevenueUS$0
Gross ProfitUS$118.37m
ExpensesUS$83.88m
EarningsUS$34.48m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.88
Gross Margin100.00%
Net Profit Margin29.13%
Debt/Equity Ratio91.6%

How did MPB perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is Mid Penn Bancorp undervalued compared to its fair value and its price relative to the market?

1.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MPB ($26.55) is trading below our estimate of fair value ($27.02)

Significantly Below Fair Value: MPB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MPB is good value based on its PE Ratio (8.8x) compared to the US Banks industry average (10.8x).

PE vs Market: MPB is good value based on its PE Ratio (8.8x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: MPB is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: MPB is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.1x).


Future Growth

How is Mid Penn Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

25.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MPB's forecast earnings growth (25.3% per year) is above the savings rate (2%).

Earnings vs Market: MPB's earnings (25.3% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MPB's revenue (15.1% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: MPB's revenue (15.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MPB's Return on Equity is forecast to be low in 3 years time (10.6%).


Past Performance

How has Mid Penn Bancorp performed over the past 5 years?

34.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MPB has high quality earnings.

Growing Profit Margin: MPB's current net profit margins (29.1%) are higher than last year (23.1%).


Past Earnings Growth Analysis

Earnings Trend: MPB's earnings have grown significantly by 34.8% per year over the past 5 years.

Accelerating Growth: MPB's earnings growth over the past year (73.5%) exceeds its 5-year average (34.8% per year).

Earnings vs Industry: MPB earnings growth over the past year (73.5%) exceeded the Banks industry 36%.


Return on Equity

High ROE: MPB's Return on Equity (10.1%) is considered low.


Financial Health

How is Mid Penn Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: MPB's Assets to Equity ratio (10.1x) is moderate.

Allowance for Bad Loans: MPB has a sufficient allowance for bad loans (170%).

Low Risk Liabilities: 89% of MPB's liabilities are made up of primarily low risk sources of funding.

Loan Level: MPB has an appropriate level of Loans to Assets ratio (72%).

Low Risk Deposits: MPB's Loans to Deposits ratio (89%) is appropriate.

Level of Bad Loans: MPB has an appropriate level of bad loans (0.3%).


Dividend

What is Mid Penn Bancorp current dividend yield, its reliability and sustainability?

3.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MPB's dividend (3.2%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: MPB's dividend (3.2%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: MPB's dividend payments have been volatile in the past 10 years.

Growing Dividend: MPB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.9%), MPB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MPB's dividends in 3 years are forecast to be well covered by earnings (27% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.2yrs

Average management tenure


CEO

Rory Ritrievi (57 yo)

12.58yrs

Tenure

US$1,125,984

Compensation

Mr. Rory G. Ritrievi serves as Chairman at Mid Penn Bancorp, Inc. He has been the Chief Executive Officer and President of Mid Penn BanCorp Inc. and Mid Penn Bank (Millersburg, PA) since February 25, 2009....


CEO Compensation Analysis

Compensation vs Market: Rory's total compensation ($USD1.13M) is below average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Rory's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MPB's management team is seasoned and experienced (10.2 years average tenure).


Board Members

Experienced Board: MPB's board of directors are seasoned and experienced ( 10 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MPB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 35.7%.


Top Shareholders

Company Information

Mid Penn Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Mid Penn Bancorp, Inc.
  • Ticker: MPB
  • Exchange: NasdaqGM
  • Founded: 1868
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$303.380m
  • Shares outstanding: 11.43m
  • Website: https://www.midpennbank.com

Number of Employees


Location

  • Mid Penn Bancorp, Inc.
  • 349 Union Street
  • Millersburg
  • Pennsylvania
  • 17061
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 22:07
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.