Mid Penn Bancorp, Inc. (NASDAQ:MPB) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

The quarterly results for Mid Penn Bancorp, Inc. (NASDAQ:MPB) were released last week, making it a good time to revisit its performance. Mid Penn Bancorp reported US$45m in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$0.74 beat expectations, being 3.7% higher than what the analysts expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

View our latest analysis for Mid Penn Bancorp

Taking into account the latest results, the consensus forecast from Mid Penn Bancorp's twin analysts is for revenues of US$191.2m in 2025. This reflects a decent 11% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 9.2% to US$3.18. In the lead-up to this report, the analysts had been modelling revenues of US$190.4m and earnings per share (EPS) of US$3.17 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

The analysts reconfirmed their price target of US$33.67, showing that the business is executing well and in line with expectations.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that Mid Penn Bancorp's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 8.5% growth on an annualised basis. This is compared to a historical growth rate of 16% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 6.7% annually. Even after the forecast slowdown in growth, it seems obvious that Mid Penn Bancorp is also expected to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At least one analyst has provided forecasts out to 2026, which can be seen for free on our platform here.

Before you take the next step you should know about the 1 warning sign for Mid Penn Bancorp that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.