Stock Rating Downgrade
In recent days the Value Trend Rating for Mid Penn Bancorp Inc (NASDAQ: MPB) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Mid Penn Bancorp Inc (NASDAQ: MPB) stock declined slightly by -0.6% on 4/26/24. The stock closed at $20.86. NORMAL trading volume accompanied the decline. The stock has risen 5.4% during the last week but has been weak relative to the market over the last nine months.
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). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Mid Penn Bancorp has a good Appreciation Score of 77 but a neutral Power Rating of 40, leading to the High Neutral Value Trend Rating.
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