Mid Penn Bancorp (MPB) AI Stock Analysis

• Market Cap: $648.32M
• Dividend Yield: 2.83%
• Average Volume (3M): 122.54K
• Price to Earnings (P/E): 9.8
• Beta (1Y): 0.81
• 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: 93,135
• 30 Day Avg. Volume: 122,541
• PEG Ratio: -15.93
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 14.34
• Enterprise Value/Market Cap: 1.16
• Enterprise Value/Revenue: 0.71
• Enterprise Value/Gross Profit: 2.62
• Enterprise Value/Ebitda: 3.30
• 1Y Price Target: $35.00
• Price Target Upside: 30.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: ―

Mid Penn Bancorp demonstrates strong financial performance with growth in revenue and profitability, underpinned by a solid balance sheet. While valuation metrics are attractive, suggesting fair pricing, cash flow challenges and mixed technical indicators moderate the overall score. The recent acquisition of William Penn is strategically beneficial but not directly factored into the score due to redundancy.

Mid Penn Bancorp Business Overview & Revenue Model

Company Description

Mid Penn Bancorp, Inc. (MPB) operates as the holding company for Mid Penn Bank, which provides a range of retail and commercial banking services to individuals, businesses, and municipalities. The company offers deposit products, including checking, savings, and money market accounts, as well as certificates of deposit. It also provides lending products, such as commercial real estate loans, residential mortgage loans, and consumer loans. Additionally, Mid Penn Bancorp offers services like online and mobile banking, cash management, and wealth management solutions.

How the Company Makes Money

Mid Penn Bancorp makes money primarily through the interest earned on loans and the fees charged for various banking services. Key revenue streams include interest income from commercial and consumer loans, as well as income from investment securities. Non-interest income is generated through fees from deposit accounts, loan servicing, and wealth management services. The bank also engages in partnerships with financial service providers to offer additional products, which contribute to its earnings. Factors such as interest rates, economic conditions, and regulatory changes can significantly impact Mid Penn Bancorp's revenue and profitability.

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
	EBIT
60.58M	53.19M	91.33M	36.05M	31.34M
	EBITDA
0.00	51.55M	73.82M	40.73M	37.79M
	Net Income Common Stockholders
49.44M	37.40M	54.81M	29.32M	26.21M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
37.00M	96.76M	296.08M	250.49M	39.09M
	Total Assets
5.47B	5.29B	4.49B	4.69B	3.00B
	Total Debt
79.44M	356.17M	173.72M	166.91M	130.90M
	Net Debt
27.94M	276.06M	115.95M	-20.22M	98.07M
	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: Negative
• Last Price: 26.89
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 26.89 is below the 20-day moving average (MA) of 28.41, above the 50-day MA of 26.60, and below the 200-day MA of 28.55, indicating a neutral trend. The MACD of 0.26 indicates Positive momentum. The RSI at 42.21 is Neutral, neither overbought nor oversold. The STOCH value of 10.79 is Positive, 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	74 Outperform	$547.97M	14.27	7.98%	1.02%	17.44%	44.45%
MPB	71 Outperform	$648.32M	9.82	8.38%	2.83%	13.17%	24.36%
PGC	71 Outperform	$510.97M	16.02	5.31%	0.72%	6.72%	-17.45%
FMNB	70 Outperform	$494.97M	10.23	11.69%	5.11%	6.53%	-11.21%
CBNK	66 Neutral	$557.06M	13.53	12.19%	1.15%	18.85%	6.74%
Sector *	64 Neutral	$12.66B	9.79	7.67%	17015.07%	12.23%	-6.06%
FISI	54 Neutral	$539.14M	8.52	-5.18%	4.67%	-23.31%	-169.87%

Mid Penn Bancorp Corporate Events

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.

Spark’s Take on MPB Stock

According to Spark, TipRanks’ AI Analyst, MPB is a Neutral.

Mid Penn Bancorp’s overall score reflects its strong financial performance, particularly in income growth and operational efficiency, along with an attractive valuation. However, cash flow challenges and mixed technical indicators moderate the score. The proposed merger with William Penn Bancorporation is a positive strategic event but is not factored directly into the overall score due to its redundancy with the earnings call analysis.

To see Spark’s full report on MPB stock, click here.

Mid Penn Bancorp Plans Merger with William Penn

On April 2, 2025, Mid Penn Bancorp, Inc. will hold a Special Meeting of Shareholders to discuss its proposed merger with William Penn Bancorporation. The merger aims to capitalize on market disruptions and growth opportunities in the broader Philadelphia and New Jersey markets, potentially impacting stakeholders by expanding Mid Penn’s market presence and financial performance.

Mid Penn Bancorp Announces Merger with William Penn

Mid Penn Bancorp, Inc. has announced a proposed merger with William Penn Bancorporation, which will be subject to shareholder approval. The merger aims to enhance the financial and operational capabilities of both companies, although there are risks and uncertainties that could affect the anticipated benefits of the transaction.