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Last $15.70 USD
Change Today +0.22 / 1.42%
Volume 567.0
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

mid penn bancorp inc (MPB) Snapshot

Open
$15.50
Previous Close
$15.48
Day High
$15.70
Day Low
$15.50
52 Week High
06/16/15 - $16.50
52 Week Low
07/14/14 - $14.95
Market Cap
66.3M
Average Volume 10 Days
2.6K
EPS TTM
$1.61
Shares Outstanding
4.2M
EX-Date
05/4/15
P/E TM
9.8x
Dividend
$0.40
Dividend Yield
3.18%
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 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.

Mid Penn Bancorp Inc., Annual General Meeting, May 12, 2015

Mid Penn Bancorp Inc., Annual General Meeting, May 12, 2015., at 10:00 US Eastern Standard Time. Location: Halifax Area Ambulance and Rescue Association, Inc.. Agenda: To elect four Class B Directors, each to serve for a three-year term or until the earlier of their resignation or their respective successors shall have been elected and qualified; to consider an advisory vote to approve the compensation of the Corporation's named executive officers; to ratify the appointment of BDO USA, LLP as the Corporation's independent registered public accounting firm for the year ending December 31, 2015; and to transact any other business that may properly come before the annual meeting or any adjournment or postponement thereof.

Mid Penn Bancorp Inc. Amends Articles of Incorporation

Mid Penn Bancorp Inc. (Mid Penn), the bank holding company of Mid Penn Bank, announced that it has successfully completed the merger of Phoenix Bancorp Inc. with Mid Penn, effective March 1, 2015, under the terms of the Agreement and Plan of Merger. Effective March 1, 2015, Mid Penn Bancorp Inc. amended its Articles of Incorporation by filing a Certificate of Designation with the Pennsylvania Department of State designating the Mid Penn Preferred Stock as a series of its authorized preferred stock, such series having 1,750 authorized shares.

 

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Industry Analysis

MPB

Industry Average

Valuation MPB Industry Range
Price/Earnings 11.6x
Price/Sales 2.0x
Price/Book 1.0x
Price/Cash Flow 12.9x
TEV/Sales NM Not Meaningful
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