Mid Penn Bancorp (MPB) AI Stock Analysis

• Market Cap: $746.57M
• Dividend Yield: 2.58%
• Average Volume (3M): 162.79K
• Price to Earnings (P/E): 13.3
• Beta (1Y): 0.68
• Revenue Growth: 12.09%
• EPS Growth: -15.97%
• Country: US
• Employees: 600
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.77
• Shares Outstanding: 23,042,389
• 10 Day Avg. Volume: 131,026
• 30 Day Avg. Volume: 162,787
• 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: 0.85
• Enterprise Value/Revenue: 1.89
• Enterprise Value/Gross Profit: 3.08
• Enterprise Value/Ebitda: 9.17
• 1Y Price Target: $34.00
• Price Target Upside: 4.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: $34.00 ▲(4.94% Upside)

The score is primarily driven by solid financial health (notably low leverage and healthy profitability) and supportive valuation (moderate P/E plus dividend). Technicals are mixed and reduce the score due to weaker near-term trend signals, while recent corporate actions (acquisition completion and COO hire) provide an additional positive tailwind.

Positive Factors

Low Leverage / Strong Capital Base

A debt-to-equity of ~0.096 indicates a conservative capital structure that provides durable loss-absorbing capacity. This supports continued lending activity, cushions credit shocks, preserves regulatory flexibility for growth or dividends, and reduces refinancing risk over months.

Improving Free Cash Flow

Solid FCF growth and a high FCF-to-net-income conversion (≈91%) show the bank converts earnings into cash efficiently. That sustained cash generation underpins organic growth, funds acquisitions and dividends, and limits reliance on external funding over the medium term.

Strategic Wealth Management Acquisition

Closing Cumberland Advisors adds fee-based AUM (~$3.2bn) and advisory capabilities, diversifying revenue away from interest margins. This structural move can boost recurring non-interest income, improve cross-sell to bank clients, and reduce sensitivity to loan spread cycles over time.

Negative Factors

Declining Operational Margins

Reported declines in EBIT/EBITDA margins point to persistent cost pressures or lower operating leverage. If margins continue to compress, the bank may see erosion of core profitability, weaker ROE and reduced capacity to sustain dividends and reinvest in the franchise.

Weak Operating Cash Flow Quality

A low operating cash flow vs. net income signals that reported earnings are not fully translating into cash. Over months this can constrain internal funding for lending, reserves, acquisitions or dividends and increases reliance on balance-sheet adjustments or external financing.

Acquisition Integration & Execution Risk

Pursuing multiple acquisitions increases integration complexity and execution risk. Poor integration can dilute returns, divert management focus, raise costs, and stress systems or capital. These structural risks can impair long-term growth if synergies and controls are not realized.

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 investments, as well as non-interest income from various banking services. The main revenue streams include interest earned on commercial and consumer loans, mortgage loans, and investment securities. Additionally, the bank earns fees from deposit accounts, transaction services, and wealth management services. Strategic partnerships with local businesses and community organizations enhance its services and customer base, contributing to its overall earnings. The company also benefits from a diversified loan portfolio that helps mitigate risks associated with economic fluctuations.

Mid Penn Bancorp Financial Statement Overview

Summary

Mid Penn Bancorp demonstrates solid revenue growth and a strong gross profit margin, indicating effective cost management. The balance sheet is stable with low leverage, but declining ROE suggests challenges in maximizing shareholder returns. Cash flow generation is improving, but liquidity management needs attention. Overall, the company is financially stable with room for improvement in profitability and cash flow efficiency.

Income Statement

Mid Penn Bancorp shows a stable revenue growth trend with a 3.25% increase in TTM. The gross profit margin is strong at 66%, indicating efficient cost management. However, the net profit margin has decreased to 15.39% from 27.83% in the previous annual report, suggesting increased expenses or reduced operational efficiency. EBIT and EBITDA margins have also declined, reflecting potential challenges in maintaining profitability.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.098, indicating conservative leverage and financial stability. Return on equity is moderate at 6.59%, showing reasonable profitability relative to equity. The equity ratio is healthy, suggesting a strong capital structure. However, the decline in ROE from previous periods indicates potential challenges in generating returns on equity.

Cash Flow

Free cash flow has grown by 22.98% in TTM, indicating improved cash generation. The operating cash flow to net income ratio is low at 1.12%, suggesting limited cash conversion efficiency. The free cash flow to net income ratio is robust at 82.50%, reflecting good cash flow management. However, the low operating cash flow coverage ratio highlights potential liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	334.60M	306.71M	254.38M	187.25M	143.83M	122.69M
Gross Profit	205.18M	174.66M	161.72M	165.18M	126.13M	98.76M
EBITDA	68.99M	66.86M	51.55M	73.82M	40.73M	37.79M
Net Income	50.03M	49.44M	37.40M	54.81M	29.32M	26.21M
Balance Sheet
Total Assets	6.27B	5.47B	5.29B	4.50B	4.69B	3.00B
Cash, Cash Equivalents and Short-Term Investments	432.08M	311.97M	303.66M	296.08M	250.49M	39.09M
Total Debt	76.38M	79.44M	356.17M	71.08M	166.91M	130.90M
Total Liabilities	5.47B	4.82B	4.75B	3.99B	4.20B	2.74B
Stockholders Equity	796.32M	655.02M	542.35M	512.10M	490.08M	255.69M
Cash Flow
Free Cash Flow	58.19M	44.47M	49.57M	55.74M	62.40M	10.38M
Operating Cash Flow	70.87M	51.39M	52.34M	59.99M	65.90M	14.07M
Investing Cash Flow	84.25M	-208.74M	-408.93M	-704.71M	169.37M	-588.91M
Financing Cash Flow	-42.35M	131.16M	392.47M	-208.15M	374.76M	739.54M

Mid Penn Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 32.4 is above the 20-day moving average (MA) of 31.62, above the 50-day MA of 30.46, and above the 200-day MA of 28.42, indicating a bullish trend. The MACD of 0.28 indicates Positive momentum. The RSI at 63.77 is Neutral, neither overbought nor oversold. The STOCH value of 75.65 is Neutral, 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
ORRF	81 Outperform	$722.62M	9.81	13.43%	2.93%	47.65%	101.00%
FSBC	81 Outperform	$809.61M	14.06	13.95%	2.18%	22.24%	18.63%
THFF	77 Outperform	$748.96M	10.12	12.46%	3.19%	16.57%	69.64%
MPB	72 Outperform	$746.57M	13.30	7.31%	2.58%	12.09%	-15.97%
BFST	70 Outperform	$809.09M	10.55	10.39%	2.12%	17.99%	11.08%
GSBC	68 Neutral	$719.81M	10.70	11.18%	2.48%	0.67%	17.88%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Mid Penn Bancorp Corporate Events

Mid Penn Bancorp Appoints Dana Stewart as Chief Operating Officer

On January 8, 2026, Mid Penn Bank announced it had hired veteran banker Dana R. Stewart as first executive vice president and chief operating officer, effective January 5, 2026, tasking him with leading the bank’s loan and deposit operations and reporting directly to President and CEO Rory Ritrievi. Stewart, who brings more than 35 years of financial services experience from senior roles at First National Bank and BNY Mellon, is expected to strengthen Mid Penn’s operational capabilities, strategic execution and transformation initiatives as the bank pursues disciplined growth, while former COO Jordan D. Space shifts his focus to leading the Private Bank and overseeing MPB Financial Services, LLC and its nonbank subsidiaries.

The most recent analyst rating on (MPB) stock is a Buy with a $34.00 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 Cumberland Advisors

On January 1, 2026, Mid Penn Bancorp, Inc. completed its acquisition of Sarasota, Florida-based Cumberland Advisors, Inc., a registered investment advisory firm founded in 1973 with approximately $3.2 billion in assets under management as of December 31, 2025. Cumberland, known for its conservative, fee-for-service investment management for advisors, individuals and institutional clients, was merged into a newly formed Mid Penn acquisition subsidiary and now operates as Cumberland Advisors, LLC, with its team of investment advisory professionals joining Mid Penn. The transaction consideration for Cumberland shareholders consisted of a mix of Mid Penn common stock and cash, with most shares converted into Mid Penn stock, plus the potential for additional cash via an earn-out and cash-settled stock appreciation rights to be exercised over the first three years after closing, underscoring Mid Penn’s push to expand its wealth and investment management capabilities alongside its core banking operations.

The most recent analyst rating on (MPB) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on Mid Penn Bancorp stock, see the MPB Stock Forecast page.

Mid Penn Bancorp Announces Two Major Acquisitions

Mid Penn Bancorp, Inc. announced its plans for two significant acquisitions: 1st Colonial Bancorp, Inc. and Cumberland Advisors, Inc. These acquisitions are expected to enhance Mid Penn’s market position and operational capabilities. The announcement, made in November 2025, highlights the potential benefits and synergies anticipated from these acquisitions, though it also acknowledges the risks and uncertainties involved, including regulatory approvals and integration challenges.

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 Signs New Executive Retirement Plan

On October 24, 2025, Mid Penn Bancorp, Inc. and its subsidiary Mid Penn Bank entered into a new split dollar agreement and supplemental executive retirement plan agreement with Rory G. Ritrievi, the President and CEO. The agreements provide financial benefits to Mr. Ritrievi, including life insurance proceeds and retirement benefits, with specific conditions for vesting and payout. These arrangements are designed to secure Mr. Ritrievi’s financial future and align his interests with the company’s long-term goals, potentially impacting the company’s executive retention and leadership stability.

The most recent analyst rating on (MPB) stock is a Buy with a $32.00 price target. To see the full list of analyst forecasts on Mid Penn Bancorp stock, see the MPB Stock Forecast page.

Mid Penn Bancorp Reports Strong Q3 2025 Earnings

Mid Penn Bancorp announced a quarterly cash dividend of $0.22 per common share, marking its 60th consecutive quarterly dividend. For the third quarter of 2025, the company reported a significant increase in net income to $18.3 million, surpassing analyst expectations. The quarter also saw a rise in net interest margin and a decrease in loan balances due to commercial real estate payoffs. Additionally, Mid Penn entered into agreements to acquire 1st Colonial Bancorp and Cumberland Advisors, aiming to enhance its market position and asset management capabilities.

The most recent analyst rating on (MPB) stock is a Hold 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.