Mid Penn Bancorp Inc (NASDAQ: MPB) has reported earnings for its third fiscal quarter (ending September 30) of $0.74 versus $0.56 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $2.91 compared to $2.55 a year ago.
Recent Price Action
On 10/23/24, Mid Penn Bancorp Inc (NASDAQ: MPB) stock rose modestly by 0.8%, closing at $31.00. However, below average trading volume at 73% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.
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 A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Mid Penn Bancorp has a slightly positive Appreciation Score of 63 and a very high Power Rating of 98, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment