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
|Historical stock prices|
|Current Share Price||US$26.55|
|52 Week High||US$17.20|
|52 Week Low||US$29.87|
|1 Month Change||-0.26%|
|3 Month Change||-4.67%|
|1 Year Change||38.93%|
|3 Year Change||-9.23%|
|5 Year Change||43.51%|
|Change since IPO||125.76%|
Recent News & Updates
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...
|MPB||US Banks||US Market|
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.
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
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
|MPB fundamental statistics|
Is MPB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MPB income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||3.88|
|Net Profit Margin||29.13%|
How did MPB perform over the long term?See historical performance and comparison
3.2%Current Dividend Yield
Is Mid Penn Bancorp undervalued compared to its fair value and its price relative to the market?
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).
How is Mid Penn Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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%).
How has Mid Penn Bancorp performed over the past 5 years?
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.
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
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%).
What is Mid Penn Bancorp current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rory Ritrievi (57 yo)
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.
Experienced Management: MPB's management team is seasoned and experienced (10.2 years average tenure).
Experienced Board: MPB's board of directors are seasoned and experienced ( 10 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 35.7%.
Mid Penn Bancorp, Inc.'s employee growth, exchange listings and data sources
- 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
- Mid Penn Bancorp, Inc.
- 349 Union Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/19 22:07|
|End of Day Share Price||2021/09/17 00:00|
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.