Mid Penn Bancorp Inc (NASDAQ: MPB) has reported E.P.S. of $0.73 for its first fiscal quarter (ending March 31) versus $0.71 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $2.31 versus $3.44 for the same period a year ago.
Recent Price Action
Mid Penn Bancorp Inc (NASDAQ: MPB) stock closed at $20.42 on 4/24/24 after a modest decline of -1.3%. However, this decline was accompanied by unusually low trading volume at 65% of normal. The stock has risen 6.4% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, MPB is expected to be Value Creation neutral.
Mid Penn Bancorp has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Mid Penn Bancorp has a very high Appreciation Score of 86 but a neutral Power Rating of 40, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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