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Last $16.43 USD
Change Today 0.00 / 0.00%
Volume 0.0
MPB On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

mid penn bancorp inc (MPB) Snapshot

Open
$16.46
Previous Close
$16.43
Day High
$16.47
Day Low
$16.43
52 Week High
06/16/15 - $16.50
52 Week Low
10/1/14 - $14.96
Market Cap
69.4M
Average Volume 10 Days
841.8
EPS TTM
$1.61
Shares Outstanding
4.2M
EX-Date
08/3/15
P/E TM
10.2x
Dividend
$0.48
Dividend Yield
3.04%
Current Stock Chart for MID PENN BANCORP INC (MPB)

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mid penn bancorp inc (MPB) Details

Mid Penn Bancorp, Inc. operates as the holding company for Mid Penn Bank that provides commercial banking and trust business services to individuals, partnerships, non-profit organizations, and corporations in Pennsylvania. It offers various time and demand deposit products, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and individual retirement accounts. The company also provides a range of loan products comprising installment loans, personal loans, mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities, and local government loans. It also offers Internet banking, telephone banking, cash management services, automated teller services, and safe deposit boxes; and trust and retail investment services, as well as a range of personal and commercial insurance products. As of June 19, 2015, the company operated 19 offices in Cumberland, Dauphin, Lancaster, Luzerne, Northumberland, and Schuylkill counties. Mid Penn Bancorp, Inc. was founded in 1868 and is headquartered in Millersburg, Pennsylvania.

187 Employees
Last Reported Date: 03/20/15
Founded in 1868

mid penn bancorp inc (MPB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $339.2K
Interim Principal Financial Officer, Chief Fi...
Total Annual Compensation: $113.4K
Chief Lending Officer of Mid Penn Bank and Ex...
Total Annual Compensation: $173.2K
Chief Risk Officer of Mid Penn Bank and Execu...
Total Annual Compensation: $157.6K
Chief Retail Officer of Mid Penn Bank and Exe...
Total Annual Compensation: $143.3K
Compensation as of Fiscal Year 2014.

mid penn bancorp inc (MPB) Key Developments

Mid Penn Bancorp Inc. Declares Cash Dividend, Payable on August 24, 2015

Mid Penn Bancorp Inc. declared a cash dividend of $0.12 per common share based on second quarter earnings. The dividend is payable on August 24, 2015 to shareholders of record on August 5, 2015.

Mid Penn Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Mid Penn Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. The company reported net income available to common shareholders for the quarter ended June 30, 2015 of $1,952,000, or $0.46 per common share, a 20.6% increase over the same period in 2014. Net interest income increased $1,735,000, or 25.7%, to $8,486,000 for the quarter ended June 30, 2015 from $6,751,000 during the quarter ended June 30, 2014. Income before provision for income taxes was $2,637,000 against $2,182,000 a year ago. Return on Average Equity was 11.21% against 12.11% a year ago. Net income available to common shareholders for the six months ended June 30, 2015 was $2,828,000, or $0.71 per common share, a 7.1% decrease from the same period in 2014. Through the first six months of 2015, net interest income increased $2,501,000, or 19.2%, to $15,524,000, from $13,023,000 during the same period in 2015. Net interest income was positively impacted by the Phoenix acquisition and also increased due to strong loan growth and a lower cost of funds in 2015. Income before provision for income taxes was $3,684,000 against $4,063,000 a year ago. Return on Average Equity was 8.36% against 11.67% a year ago.

Mid Penn Bancorp Inc. Declares First Quarter Dividend Payable on May 25, 2015; Announces Earnings Results for the First Quarter Ended March 31, 2015; Reports Impairments for the First Quarter Ended March 31, 2015

Mid Penn Bancorp Inc. declared a cash dividend of $0.10 per common share based on first quarter earnings. The dividend is payable on May 25, 2015 to shareholders of record as of May 6, 2015. The company announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $7,038,000 against $6,272,000 a year ago. Net interest income increased due to strong loan growth and a lower cost of funds. Net income available to common shareholders was $876,000 against $1,424,000 a year ago. Net income available to common shareholders was impacted by $909,000 of merger and acquisition expenses incurred in conjunction with the acquisition of Phoenix Bancorp Inc. on March 1, 2015. Excluding these charges, and the corresponding tax impact, net income available to common shareholders for the three months ended March 31, 2015 would have been $1,503,000, an increase of 5.5% over the three months ended March 31, 2014. Basic earnings per common share were $0.23 against $0.41 a year ago. Return on average equity was 6.17% against 11.22% a year ago. Interest income was $8,158,000 against $7,380,000 a year ago. For the quarter, the company reported net charge-offs of $450,000 during the first three months of 2015, compared to net charge-offs of $441,000 during the same period of 2014.

 

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Industry Analysis

MPB

Industry Average

Valuation MPB Industry Range
Price/Earnings 11.9x
Price/Sales 2.2x
Price/Book 1.0x
Price/Cash Flow 12.5x
TEV/Sales NM Not Meaningful
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