Mid Penn Bancorp (MPB) AI Stock Analysis

• Market Cap: $698.93M
• Dividend Yield: 2.65%
• Average Volume (3M): 108.81K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.81
• Revenue Growth: 10.75%
• EPS Growth: -12.34%
• Country: US
• Employees: 600
• Sector: Financial
• Sector Strength: 77
• Industry: Banks - Regional
• EPS (TTM): 0.70
• Shares Outstanding: 22,998,833
• 10 Day Avg. Volume: 82,194
• 30 Day Avg. Volume: 108,808
• PEG Ratio: 0.37
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 2.76
• P/FCF Ratio: 11.04
• Enterprise Value/Market Cap: 0.90
• Enterprise Value/Revenue: 2.28
• Enterprise Value/Gross Profit: 3.53
• Enterprise Value/Ebitda: 9.18
• 1Y Price Target: $33.00
• Price Target Upside: 9.20% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 77 Outperform
• Price Target: $32.00 ▲(5.89% Upside)

Mid Penn Bancorp's overall stock score is driven by its strong financial performance and strategic corporate events. The company's consistent revenue growth, solid profitability, and recent acquisitions enhance its competitive position in the regional banking sector. Technical analysis and valuation metrics are supportive, with reasonable valuation and positive price trends, although short-term technical indicators suggest caution.

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 its banking operations, which include interest income from loans and investment securities as well as non-interest income from service fees and commissions. The key revenue streams include interest earned on various types of loans such as commercial, consumer, and real estate loans, which typically constitute the largest portion of the company's earnings. Additionally, MPB earns income from fees associated with deposit accounts, transaction services, and wealth management. The company may also benefit from strategic partnerships with local businesses and organizations, which can enhance its customer base and generate additional revenue opportunities. Market conditions, interest rates, and the overall economic environment also play significant roles in influencing the company's profitability.

Mid Penn Bancorp Financial Statement Overview

Summary

Mid Penn Bancorp exhibits strong financial performance, with significant revenue growth and solid profit margins. The income statement reflects efficient cost management, while the balance sheet shows stability with low leverage and adequate equity support. Cash flow management is robust, although free cash flow growth is negative.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	277.13M	177.65M	254.38M	187.25M	143.83M	122.69M
Gross Profit	179.41M	174.66M	161.72M	165.18M	126.13M	98.76M
EBITDA	68.90M	66.86M	51.55M	73.82M	40.73M	37.79M
Net Income	51.05M	49.44M	37.40M	54.81M	29.32M	26.21M
Balance Sheet
Total Assets	5.55B	5.47B	5.29B	4.49B	4.69B	3.00B
Cash, Cash Equivalents and Short-Term Investments	323.06M	311.97M	303.66M	296.08M	250.49M	39.09M
Total Debt	103.84M	79.44M	356.17M	71.08M	166.91M	130.90M
Total Liabilities	4.88B	4.82B	4.75B	3.97B	4.20B	2.74B
Stockholders Equity	667.93M	655.02M	542.35M	512.10M	490.08M	255.69M
Cash Flow
Free Cash Flow	41.22M	44.47M	49.17M	55.74M	62.40M	10.38M
Operating Cash Flow	50.51M	51.39M	51.94M	59.99M	65.90M	14.07M
Investing Cash Flow	-179.29M	-208.74M	-408.93M	-704.71M	169.37M	-588.91M
Financing Cash Flow	167.95M	131.16M	392.47M	-208.15M	374.76M	739.54M

Mid Penn Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 30.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• 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 30.22 is above the 20-day moving average (MA) of 29.14, above the 50-day MA of 28.56, and above the 200-day MA of 28.00, indicating a bullish trend. The MACD of 0.65 indicates Negative momentum. The RSI at 65.75 is Neutral, neither overbought nor oversold. The STOCH value of 87.09 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
SMBK	78 Outperform	$635.03M	14.89	8.42%	0.86%	16.38%	63.51%
MPB	77 Outperform	$698.93M	12.72	6.60%	2.65%	10.75%	-12.34%
PGC	75 Outperform	$512.69M	15.95	5.31%	0.69%	7.35%	-2.65%
CBNK	75 Outperform	$577.44M	12.68	13.36%	1.23%	22.14%	12.06%
FMNB	73 Outperform	$575.99M	11.22	12.08%	4.52%	6.15%	-1.27%
Sector *	68 Neutral	$18.06B	11.97	10.24%	3.74%	9.75%	1.30%
FISI	60 Neutral	$558.80M	8.52	-6.53%	4.39%	-29.94%	-178.36%

Mid Penn Bancorp Corporate Events

Mid Penn Bancorp Amends Executive Retirement Plans

On August 22, 2025, Mid Penn Bancorp, Inc. and Mid Penn Bank amended their supplemental executive retirement plan agreements with executives Webb, Micklewright, and Space, increasing their annual retirement benefits. Additionally, the change in control agreement with Mr. Space was amended to enhance his cash benefits and extend his benefit continuation period in the event of employment termination following a change in control.

Mid Penn Bancorp Expands with Strategic Acquisitions

In the second quarter of 2025, Mid Penn Bancorp, Inc. completed significant strategic initiatives, including the acquisition of Charis Insurance Group, Inc. for $4 million in May and William Penn Bancorporation for $120 million in April. These acquisitions, along with a common equity raise of $80.6 million in November 2024, have expanded Mid Penn’s branch footprint to 59 locations and strengthened its financial position, with assets totaling $6.4 billion as of June 30, 2025.

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.