Mid Penn BancorpMPB
MPB
About: Mid Penn Bancorp Inc operates in the financial services domain. It conducts commercial banking and trust business in the United States. Its range of services comprises mortgage and home equity loans, secured and unsecured consists and consumer loans, lines of credit, construction financing, farm loans, community development, local government loans, and various types of time and demand deposits.
Employees: 635
0
Funds holding %
of 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
90% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 10
40% more capital invested
Capital invested by funds: $160M [Q2] → $224M (+$64.4M) [Q3]
33% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 24
9% more funds holding
Funds holding: 87 [Q2] → 95 (+8) [Q3]
1.47% more ownership
Funds ownership: 43.54% [Q2] → 45.01% (+1.47%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for MPB.
Financial journalist opinion
Negative
Zacks Investment Research
1 week ago
Mid Penn Bancorp (MPB) Lags Q4 Earnings Estimates
Mid Penn Bancorp (MPB) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.73 per share a year ago.
Neutral
Business Wire
1 week ago
Mid Penn Bancorp, Inc. Reports Fourth Quarter and Full Year Earnings Beat and Declares 57th Consecutive Quarterly Dividend
HARRISBURG, Pa.--(BUSINESS WIRE)--Mid Penn Bancorp, Inc. (NASDAQ: MPB) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended December 31, 2024, of $13.2 million, or $0.72 per diluted common share, compared to net income of $12.1 million, or $0.73 per diluted common share, for the fourth quarter of 2023, and a consensus analyst estimate of $0.71 per diluted comm.
Neutral
Business Wire
2 months ago
WILLIAM PENN INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of William Penn Bancorporation - WMPN
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of William Penn Bancorporation (NasdaqCM: WMPN) to Mid Penn Bancorp, Inc. (NasdaqGM: MPB). Under the terms of the proposed transaction, shareholders of William Penn will receive 0.4260 shares of Mid Penn for each share of William Penn that they own. KSF is seeking to determine whether this consideration and the p.
Neutral
Business Wire
2 months ago
Mid Penn Bancorp, Inc. Announces Closing of Public Offering of Common Stock
HARRISBURG, Pa.--(BUSINESS WIRE)--Mid Penn Bancorp, Inc. (“Mid Penn” or the “Company”) (NASDAQ: MPB), the parent company of Mid Penn Bank, announced today that it has completed its underwritten public offering of 2,375,000 shares of common stock at a price of $29.50 per share. The aggregate gross proceeds of the offering were $70 million. The net proceeds of the offering after deducting the underwriting discount and other estimated offering expenses are expected to be approximately $67 million.
Neutral
Business Wire
3 months ago
MPB Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Mid Penn Bancorp, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Mid Penn Bancorp, Inc. (NASDAQ: MPB) and William Penn Bancorporation is fair to Mid Penn shareholders. Halper Sadeh encourages Mid Penn shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Mid Penn and its board v.
Neutral
Business Wire
3 months ago
Mid Penn Bancorp, Inc. Announces Pricing of $70 Million Offering of Common Stock
HARRISBURG, Pa.--(BUSINESS WIRE)--Mid Penn Bancorp, Inc. (NASDAQ: MPB) (“Mid Penn” or the “Company”) today announced the pricing of its public offering of 2,375,000 shares of its common stock (the “common stock”), at a price to the public of $29.50 per share, for an aggregate offering amount of $70 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 356,250 shares of common stock at the public offering price, less underwriting discounts.
Neutral
Business Wire
3 months ago
Mid Penn Bancorp, Inc. to Acquire William Penn Bancorporation
HARRISBURG, Pa.--(BUSINESS WIRE)--Mid Penn Bancorp, Inc. (NASDAQ: MPB) (“Mid Penn”) and William Penn Bancorporation (“William Penn”) (NASDAQ: WMPN) jointly announced today that they have entered into a definitive agreement and plan of merger, pursuant to which William Penn will merge with and into Mid Penn (the “Merger”) in an all-stock transaction valued at approximately $127 million, based on Mid Penn's closing stock price as of October 30, 2024. The Merger has been approved unanimously by ea.
Positive
Zacks Investment Research
3 months ago
Mid Penn Bancorp (MPB) Q3 Earnings and Revenues Beat Estimates
Mid Penn Bancorp (MPB) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.57 per share a year ago.
Neutral
Business Wire
3 months ago
Mid Penn Bancorp, Inc. Reports Third Quarter Earnings Beat and Declares 56th Consecutive Quarterly Dividend
HARRISBURG, Pa.--(BUSINESS WIRE)--Mid Penn Bancorp, Inc. (NASDAQ: MPB) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended September 30, 2024 of $12.3 million, or $0.74 per diluted common share, compared to net income of $9.2 million, or $0.56 per diluted common share, for the third quarter of 2023 and a consensus analyst estimate of $0.72 per diluted common.
Positive
Zacks Investment Research
3 months ago
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