Mid Penn Bancorp Inc (NASDAQ: MPB) has benefited from exceptional positive changes in investment behavior: the stock rose on very heavy volume, and positive upside/downside volume developed.
Meaningful positive changes in fundamentals have recently occurred for Mid Penn Bancorp Inc (NASDAQ: MPB): significant quarterly sales acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to 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 B (Positive). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Mid Penn Bancorp has a slightly positive Power Rating of 64 and a slightly positive Appreciation Score of 65, triggering the Positive Value Trend Rating.
Recent Price Action
Mid Penn Bancorp Inc (NASDAQ: MPB) stock closed at $28.15 on 8/16/24 after a large increase of 3.7%. Moreover, this advance was accompanied by exceptionally high trading volume at 265% of normal. The stock has risen 7.2% during the last week and has performed in line with the market over the last nine months.
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