Mid Penn Bancorp (MPB) AI Stock Analysis

• Market Cap: $612.96M
• Dividend Yield: 3%
• Average Volume (3M): 100.09K
• Price to Earnings (P/E): 12.1
• Beta (1Y): 0.87
• Revenue Growth: 10.75%
• EPS Growth: -12.34%
• Country: US
• Employees: 600
• Sector: Financial
• Sector Strength: 72
• Industry: Banks - Regional
• EPS (TTM): 0.70
• Shares Outstanding: 22,957,403
• 10 Day Avg. Volume: 95,509
• 30 Day Avg. Volume: 100,089
• PEG Ratio: -15.91
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.11
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 0.58
• Enterprise Value/Gross Profit: 3.90
• Enterprise Value/Ebitda: 2.65
• 1Y Price Target: $35.00
• Price Target Upside: 31.09% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: $29.00 ▲(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 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 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

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	306.71M	254.38M	187.25M	143.83M	122.69M
Gross Profit	174.66M	161.72M	165.18M	126.13M	98.76M
EBITDA	66.86M	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	311.97M	303.66M	296.08M	250.49M	39.09M
Total Debt	79.44M	356.17M	71.08M	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	-208.74M	-408.93M	-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: Negative
• Last Price: 26.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SMBK	75 Outperform	$605.48M	14.59	8.42%	0.90%	16.59%	63.51%
CBNK	74 Outperform	$575.45M	14.25	12.19%	1.13%	18.85%	6.74%
FMNB	72 Outperform	$504.01M	10.19	12.08%	5.06%	6.15%	-1.38%
PGC	69 Neutral	$459.01M	14.46	5.31%	0.77%	7.35%	-2.65%
Sector *	68 Neutral	$17.10B	11.44	9.70%	3.58%	11.11%	-4.78%
MPB	64 Neutral	$612.96M	12.14	6.60%	3.00%	10.75%	-12.34%
FISI	58 Neutral	$529.29M	8.52	-16.42%	4.64%	-23.31%	-169.87%

Mid Penn Bancorp Corporate Events

Mid Penn Bancorp Announces Quarterly Dividend Amid Earnings Drop

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.

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.