Mid Penn Bancorp (NASDAQ:MPB) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Posted by Brian Himes on Nov 4th, 2026

Mid Penn Bancorp (NASDAQ:MPB – Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $34.38 and traded as high as $34.81. Mid Penn Bancorp shares last traded at $34.52, with a volume of 118,578 shares.

Wall Street Analyst Weigh In

MPB has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their target price on Mid Penn Bancorp from $37.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Piper Sandler reissued an “overweight” rating and issued a $40.00 price target (down from $42.00) on shares of Mid Penn Bancorp in a research note on Tuesday, October 27th. Wall Street Zen lowered shares of Mid Penn Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings cut shares of Mid Penn Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.67.

Get Our Latest Research Report on Mid Penn Bancorp

Mid Penn Bancorp Stock Performance

The stock has a market capitalization of $888.60 million, a PE ratio of 10.61 and a beta of 0.51. The stock’s 50 day moving average is $35.99 and its two-hundred day moving average is $34.41.

Mid Penn Bancorp (NASDAQ:MPB – Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01). The firm had revenue of $74.68 million for the quarter, compared to analysts’ expectations of $77.72 million. Mid Penn Bancorp had a return on equity of 9.15% and a net margin of 17.83%. Equities research analysts expect that Mid Penn Bancorp will post 3.28 EPS for the current fiscal year.

Mid Penn Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Monday, November 2nd will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, November 2nd. Mid Penn Bancorp’s payout ratio is presently 31.94%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Mid Penn Bancorp by 1.4% during the second quarter. Wellington Management Group LLP now owns 2,307,141 shares of the financial services provider’s stock worth $80,381,000 after acquiring an additional 32,628 shares during the last quarter. BlackRock Inc. acquired a new stake in Mid Penn Bancorp in the 2nd quarter valued at about $60,141,000. Dimensional Fund Advisors LP raised its holdings in Mid Penn Bancorp by 11.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 748,196 shares of the financial services provider’s stock valued at $24,061,000 after acquiring an additional 79,569 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Mid Penn Bancorp in the 2nd quarter valued at about $9,429,000. Finally, Rhino Investment Partners Inc raised its holdings in Mid Penn Bancorp by 166.1% in the 1st quarter. Rhino Investment Partners Inc now owns 232,072 shares of the financial services provider’s stock valued at $7,463,000 after acquiring an additional 144,852 shares during the last quarter. 43.11% of the stock is owned by institutional investors and hedge funds.

Mid Penn Bancorp Company Profile

(Get Free Report)

Mid Penn Bancorp, Inc is the holding company for Mid Penn Bank, a community banking institution headquartered in Millersburg, Pennsylvania. The bank provides financial services to individuals, families, businesses, nonprofit organizations and municipalities through a network of community banking offices and digital banking channels.

Mid Penn Bank offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, equipment financing, personal loans and credit products.