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Mid Penn Bancorp (MPB)
NASDAQ:MPB
US Market
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Mid Penn Bancorp (MPB) AI Stock Analysis

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MPB

Mid Penn Bancorp

(NASDAQ:MPB)

Rating:64Neutral
Price Target:
$29.00
â–²(8.61%Upside)
Mid Penn Bancorp's overall score is supported by strong financial performance and fair valuation. However, the technical indicators suggest potential short-term challenges, with the stock trading below key moving averages. The strategic acquisition of William Penn provides a solid foundation for future growth, though this is not factored into the score due to weight redistribution.

Mid Penn Bancorp (MPB) vs. SPDR S&P 500 ETF (SPY)

Mid Penn Bancorp Business Overview & Revenue Model

Company DescriptionMid 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. In addition, the company offers online banking, telephone banking, cash management, and automated teller services, as well as safe deposit boxes; and trust and wealth management services. As of December 31, 2021, it operated sixty full-service retail banking locations in Berks, Blair, Bucks, Centre, Chester, Clearfield, Cumberland, Dauphin, Fayette, Huntingdon, Lancaster, Lehigh, Luzerne, Lycoming, Montgomery, Northumberland, Perry, Schuylkill, and Westmoreland counties, Pennsylvania. The company was founded in 1868 and is headquartered in Harrisburg, Pennsylvania.
How the Company Makes MoneyMid Penn Bancorp generates revenue primarily through interest income from loans and securities, as well as non-interest income from fees and service charges. The bank earns interest income by offering various loan products, such as commercial loans, residential mortgages, and consumer loans, where the interest paid by borrowers constitutes a significant portion of the revenue. Additionally, investment securities contribute to interest income. Non-interest income is derived from fees related to deposit accounts, transaction services, and wealth management services. The company also benefits from strategic partnerships and local market knowledge, which enhance its ability to attract and retain customers in its service areas. Overall, Mid Penn Bancorp's revenue model is driven by its ability to effectively manage interest rate spreads, grow its loan portfolio, and expand its range of financial services.

Mid Penn Bancorp Financial Statement Overview

Summary
Mid Penn Bancorp exhibits strong financial performance, with solid revenue growth, high profit margins, a stable balance sheet with low leverage, and robust cash flow management. These factors collectively position the company well for future opportunities.
Income Statement
80
Positive
Mid Penn Bancorp has shown strong revenue growth and profitability trends. The TTM revenue of $310.7 million represents a healthy increase from $306.7 million in the previous year, reflecting a growth trajectory. The gross profit margin stands at 57.5%, and net profit margin is 16.4%, indicating efficient cost management. EBIT and EBITDA margins are also solid at 20% and 22.2%, respectively, supporting the company's strong profitability.
Balance Sheet
75
Positive
The company maintains a strong balance sheet, evidenced by a relatively low debt-to-equity ratio of 0.16, highlighting prudent financial leverage. The equity ratio is 12.0%, showcasing a solid foundation of stockholder equity supporting total assets. Return on equity is 7.6%, indicating a decent return generation on equity investments. The stability of the balance sheet is reinforced by the company's healthy equity base.
Cash Flow
78
Positive
Mid Penn Bancorp demonstrates strong cash flow management. The operating cash flow to net income ratio of 0.99 indicates good conversion of earnings into cash. The free cash flow to net income ratio is 0.81, reflecting efficient capital expenditure management. Although the free cash flow growth rate is negative, the overall cash flow position remains robust, supporting ongoing operational needs and potential growth investments.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue306.71M254.38M187.25M143.83M122.69M
Gross Profit174.66M161.72M165.18M126.13M98.76M
EBITDA66.86M51.55M73.82M40.73M37.79M
Net Income49.44M37.40M54.81M29.32M26.21M
Balance Sheet
Total Assets5.47B5.29B4.49B4.69B3.00B
Cash, Cash Equivalents and Short-Term Investments311.97M303.66M296.08M250.49M39.09M
Total Debt79.44M356.17M71.08M166.91M130.90M
Total Liabilities4.82B4.75B3.97B4.20B2.74B
Stockholders Equity655.02M542.35M512.10M490.08M255.69M
Cash Flow
Free Cash Flow44.47M49.17M55.74M62.40M10.38M
Operating Cash Flow51.77M51.94M59.99M65.90M14.07M
Investing Cash Flow-208.74M-408.93M-704.71M169.37M-588.91M
Financing Cash Flow131.16M392.47M-208.15M374.76M739.54M

Mid Penn Bancorp Technical Analysis

Technical Analysis Sentiment
Negative
Last Price26.70
Price Trends
50DMA
27.86
Negative
100DMA
27.12
Negative
200DMA
28.50
Negative
Market Momentum
MACD
0.15
Positive
RSI
33.34
Neutral
STOCH
25.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MPB, the sentiment is Negative. The current price of 26.7 is below the 20-day moving average (MA) of 28.99, below the 50-day MA of 27.86, and below the 200-day MA of 28.50, indicating a bearish trend. The MACD of 0.15 indicates Positive momentum. The RSI at 33.34 is Neutral, neither overbought nor oversold. The STOCH value of 25.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MPB.

Mid Penn Bancorp Risk Analysis

Mid Penn Bancorp disclosed 45 risk factors in its most recent earnings report. Mid Penn Bancorp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Mid Penn Bancorp Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
$605.48M14.598.42%0.90%16.59%63.51%
74
Outperform
$575.45M14.2512.19%1.13%18.85%6.74%
72
Outperform
$504.01M10.1912.08%5.06%6.15%-1.38%
69
Neutral
$459.01M14.465.31%0.77%7.35%-2.65%
68
Neutral
$17.10B11.449.70%3.58%11.11%-4.78%
64
Neutral
$612.96M12.146.60%3.00%10.75%-12.34%
58
Neutral
$529.29M8.52-16.42%4.64%-23.31%-169.87%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
MPB
Mid Penn Bancorp
27.02
-0.51
-1.85%
FMNB
Farmers National Banc Oh
13.45
-1.85
-12.09%
FISI
Financial Institutions
26.06
1.44
5.85%
PGC
Peapack-Gladstone Financial
26.40
-2.25
-7.85%
SMBK
SmartFinancial
35.48
7.40
26.35%
CBNK
Capital Bancorp
34.24
8.73
34.22%

Mid Penn Bancorp Corporate Events

M&A TransactionsDividendsFinancial Disclosures
Mid Penn Bancorp Announces Quarterly Dividend Amid Earnings Drop
Neutral
Jul 23, 2025

On July 23, 2025, Mid Penn Bancorp announced a quarterly cash dividend of $0.20 per share, marking its 59th consecutive quarterly dividend. The company reported a decrease in net income for the second quarter of 2025 to $4.8 million, compared to $11.8 million in the same period of 2024, primarily due to merger-related expenses from the acquisition of William Penn Bancorporation. Despite this, adjusted earnings exceeded analyst expectations, and the company saw improvements in net interest margin and deposit growth, driven by the acquisition and organic growth.

The most recent analyst rating on (MPB) stock is a Buy with a $31.00 price target. To see the full list of analyst forecasts on Mid Penn Bancorp stock, see the MPB Stock Forecast page.

Executive/Board ChangesShareholder Meetings
Mid Penn Bancorp Holds Annual Shareholders Meeting
Neutral
May 13, 2025

On May 13, 2025, Mid Penn Bancorp, Inc. held its Annual Meeting of Shareholders, where 14,586,088 shares were represented either in person or by proxy. During the meeting, shareholders elected five individuals to the Board of Directors, approved executive compensation, decided on an annual advisory vote on executive compensation, and ratified the appointment of RSM US LLP as the independent registered public accounting firm for 2025.

The most recent analyst rating on (MPB) stock is a Buy with a $31.00 price target. To see the full list of analyst forecasts on Mid Penn Bancorp stock, see the MPB Stock Forecast page.

Executive/Board ChangesShareholder Meetings
Mid Penn Bancorp Holds Annual Shareholders Meeting
Neutral
May 13, 2025

On May 13, 2025, Mid Penn Bancorp, Inc. will conduct its Annual Meeting of Shareholders, where key agenda items include the election of five Class C Directors, approval of executive compensation, and ratification of RSM US LLP as the independent accounting firm for 2025. The Board unanimously supports these proposals, indicating a strategic focus on governance and financial oversight, which may impact shareholder confidence and the company’s market positioning.

The most recent analyst rating on (MPB) stock is a Buy with a $31.00 price target. To see the full list of analyst forecasts on Mid Penn Bancorp stock, see the MPB Stock Forecast page.

Executive/Board ChangesM&A TransactionsBusiness Operations and Strategy
Mid Penn Bancorp Completes Acquisition of William Penn
Positive
May 1, 2025

On April 30, 2025, Mid Penn Bancorp completed its acquisition of William Penn Bancorporation, merging William Penn with and into Mid Penn. This all-stock transaction, valued at approximately $120 million, expands Mid Penn’s presence into the Greater Philadelphia and Southern New Jersey regions, with consolidated assets totaling approximately $6.3 billion. The merger integrates William Penn Bank into Mid Penn Bank, enhancing Mid Penn’s community banking roots and service offerings. Kenneth J. Stephon, former CEO of William Penn, joins Mid Penn’s board and executive team, further strengthening leadership. The acquisition is expected to provide strategic growth opportunities and expand Mid Penn’s market footprint.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 25, 2025