Mid Penn Bancorp (MPB) AI Stock Analysis

• Market Cap: $677.01M
• Dividend Yield: 2.71%
• Average Volume (3M): 83.96K
• Price to Earnings (P/E): 10.3
• Beta (1Y): 0.84
• Revenue Growth: 13.17%
• EPS Growth: 24.36%
• Country: US
• Employees: 600
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): 0.72
• Shares Outstanding: 22,957,403
• 10 Day Avg. Volume: 128,103
• 30 Day Avg. Volume: 83,959
• PEG Ratio: 0.32
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.56
• Enterprise Value/Market Cap: 0.88
• Enterprise Value/Revenue: 0.56
• Enterprise Value/Gross Profit: 2.07
• Enterprise Value/Ebitda: 2.60
• 1Y Price Target: $35.00
• Price Target Upside: 18.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 76 Outperform
• Price Target: $31.00 ▲(5.12%Upside)

Mid Penn Bancorp's strong financial performance, attractive valuation, and strategic acquisition position it well for future growth. The stable technical indicators contribute to a solid, though not exceptional, overall stock score.

Mid Penn Bancorp Business Overview & Revenue Model

Company Description

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. 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 Money

Mid 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 shows robust financial growth with strong revenue and profit margins, enhanced operational efficiency, and a solid balance sheet with reduced leverage. However, the negative operating cash flow and free cash flow indicate cash management issues.

Income Statement

Mid Penn Bancorp's income statement reflects a strong revenue growth trajectory, with a significant increase from $163.36M in 2023 to $286.58M in 2024. The gross profit margin remains at 100% due to its nature as a bank. The net profit margin has improved to 17.25% in 2024, indicating enhanced profitability. However, a drop in EBIT margin from 32.56% to 98.50% signals strong operational efficiency improvements, albeit with variable EBITDA data due to reporting differences.

Balance Sheet

The balance sheet shows a solid equity base with stockholders' equity rising to $655.02M in 2024. The debt-to-equity ratio decreased significantly from 0.66 in 2023 to 0.04 in 2024, reducing financial leverage risk. The equity ratio improved to 11.97%, reflecting a stable financial position. Return on equity improved to 7.55%, indicating effective utilization of equity to generate profits. The company's asset base has grown, enhancing its financial stability.

Cash Flow

Cash flow analysis reveals challenges in operating cash flow, which turned negative in 2024 at -$2.04M. This raises concerns about operational efficiency and cash generation capability. However, the free cash flow saw a negative growth of -104.14%, indicating potential cash management issues. The operating cash flow to net income ratio also reversed, highlighting the need for better cash conversion from profits.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	176.80M	163.36M	169.31M	127.56M	103.78M
Gross Profit	176.80M	163.36M	169.31M	127.56M	103.78M
EBITDA	0.00	51.55M	73.82M	40.73M	37.79M
Net Income	49.44M	37.40M	54.81M	29.32M	26.21M
Balance Sheet
Total Assets	5.47B	5.29B	4.49B	4.69B	3.00B
Cash, Cash Equivalents and Short-Term Investments	37.00M	96.76M	296.08M	250.49M	39.09M
Total Debt	79.44M	356.17M	173.72M	166.91M	130.90M
Total Liabilities	4.82B	4.75B	3.97B	4.20B	2.74B
Stockholders Equity	655.02M	542.35M	512.10M	490.08M	255.69M
Cash Flow
Free Cash Flow	44.47M	49.17M	55.74M	62.40M	10.38M
Operating Cash Flow	51.77M	51.94M	59.99M	65.90M	14.07M
Investing Cash Flow	-209.13M	-408.52M	-704.71M	169.37M	-588.91M
Financing Cash Flow	131.16M	392.47M	-208.15M	374.76M	739.54M

Mid Penn Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 29.49
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MPB, the sentiment is Positive. The current price of 29.49 is above the 20-day moving average (MA) of 27.22, above the 50-day MA of 27.62, and above the 200-day MA of 28.49, indicating a bullish trend. The MACD of 0.46 indicates Negative momentum. The RSI at 72.83 is Negative, neither overbought nor oversold. The STOCH value of 92.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MPB.

Mid Penn Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPB	76 Outperform	$677.01M	10.25	8.38%	2.71%	13.17%	24.36%
CBNK	74 Outperform	$567.16M	13.78	12.19%	1.17%	18.85%	6.74%
FMNB	74 Outperform	$545.79M	11.28	11.69%	4.69%	6.53%	-10.99%
SMBK	70 Outperform	$601.91M	15.68	7.98%	0.90%	17.26%	44.45%
PGC	68 Neutral	$514.16M	16.12	5.31%	0.69%	6.72%	-17.45%
Sector *	61 Neutral	C$14.56B	6.16	20.17%	5.70%	26.93%	-38.21%
FISI	58 Neutral	$541.55M	8.52	-5.18%	4.60%	-23.31%	-169.87%

Mid Penn Bancorp Corporate Events

Mid Penn Bancorp Holds Annual Shareholders Meeting

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.

Mid Penn Bancorp Holds Annual Shareholders Meeting

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.

Mid Penn Bancorp Completes Acquisition of William Penn

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.