Last Updated: 15 Nov 2024
Executive Summary
Mid Penn Bancorp (MPB) is a regional bank holding company with a market capitalization of $628.53 million. The company has a strong financial performance with a trailing PE ratio of 11.9, a dividend yield of 0.0246, and a return on equity of 0.0877. The stock is currently trading at $32.28, above its 50-day moving average of $30.36 but below its 200-day moving average of $24.45. Analysts have a strong buy rating on the stock, with a target price of $35.83.
Company Overview
Mid Penn Bancorp is a bank holding company headquartered in Millersburg, Pennsylvania. The company provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations. Mid Penn Bank has a network of 25 branches and 4 loan production offices in Pennsylvania.
Fundamental Analysis
Mid Penn Bancorp has a strong financial performance. The company's revenue has grown by 0.1% year-over-year to $173.41 million. The company's net income has grown by 0.328% year-over-year to $48.3 million. The company's EPS has grown by 0.328% year-over-year to $2.73.
Mid Penn Bancorp has a strong balance sheet. The company's total assets are $2.2 billion. The company's total liabilities are $1.7 billion. The company's total equity is $500 million.
Technical Analysis
The stock is currently trading at $32.28, above its 50-day moving average of $30.36 but below its 200-day moving average of $24.45. The stock has a beta of 0.561, indicating that it is less volatile than the market as a whole.
Short Term Outlook
The stock is expected to continue to trade in a range between $30 and $35 in the short term. The stock is likely to be supported by its strong financial performance and its low beta.
Long Term Outlook
The stock is expected to continue to perform well in the long term. The company's strong financial performance and its low beta make it a good investment for long-term investors.
Analyst Recommendations
Analysts have a strong buy rating on the stock, with a target price of $35.83. The analysts believe that the stock is undervalued and that it has the potential to generate significant returns for investors.
