Recent extremely meaningful positive changes in investment behavior have benefitted Mid Penn Bancorp Inc (NASDAQ: MPB): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Mid Penn Bancorp Inc (NASDAQ: MPB) has recently enjoyed slight positive changes in fundamentals: significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
MPB is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Mid Penn Bancorp has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Mid Penn Bancorp has a good Appreciation Score of 76 but a slightly negative Power Rating of 39, with the High Neutral Value Trend Rating the result.
Recent Price Action
Mid Penn Bancorp Inc (NASDAQ: MPB) stock closed at $21.50 on 5/8/24 after an increase of 1.5%. However, trading volume in this advance was exceptionally low at 44% of normal. The stock has risen 6.3% during the last week but has been weak relative to the market over the last nine months.
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