Mid Penn Bancorp (NASDAQ:MPB – Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.23 per share by the financial services provider on Friday, November 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, November 2nd.
Mid Penn Bancorp has a payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Mid Penn Bancorp to earn $3.74 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 24.6%.
Mid Penn Bancorp Price Performance
Mid Penn Bancorp stock opened at $33.95 on Friday. Mid Penn Bancorp has a 1-year low of $27.98 and a 1-year high of $39.15. The company has a market cap of $860.12 million, a PE ratio of 11.79 and a beta of 0.49. The stock’s 50 day moving average price is $36.14 and its 200 day moving average price is $34.37.
Mid Penn Bancorp (NASDAQ:MPB – Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.01). Mid Penn Bancorp had a return on equity of 9.15% and a net margin of 17.83%. The business had revenue of $74.68 million during the quarter, compared to analysts’ expectations of $77.72 million. On average, equities research analysts anticipate that Mid Penn Bancorp will post 3.25 EPS for the current fiscal year.
Mid Penn Bancorp Company Profile
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.
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