Mid Penn Bancorp (MPB) To Go Ex-Dividend on May 4th

Mid Penn Bancorp (NASDAQ:MPB) declared a quarterly dividend on Tuesday, April 21st. Shareholders of record on Monday, May 4th will be given a dividend of 0.22 per share by the financial services provider on Friday, May 15th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, May 4th.

Mid Penn Bancorp has raised its dividend payment by an average of 0.0%per year over the last three years. Mid Penn Bancorp has a payout ratio of 25.9% indicating that its dividend is sufficiently covered by earnings.

Mid Penn Bancorp Trading Up 1.8%

Mid Penn Bancorp stock opened at $34.04 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.94 and a current ratio of 0.95. The firm has a market cap of $862.57 million, a price-to-earnings ratio of 15.47 and a beta of 0.51. Mid Penn Bancorp has a 1 year low of $25.82 and a 1 year high of $35.22. The firm’s 50 day moving average price is $32.63 and its two-hundred day moving average price is $31.28.

Mid Penn Bancorp (NASDAQ:MPB) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.16). The business had revenue of $64.85 million during the quarter, compared to analyst estimates of $63.15 million. Mid Penn Bancorp had a return on equity of 8.55% and a net margin of 13.95%.

About Mid Penn Bancorp

Mid Penn Bancorp, Inc is a bank holding company headquartered in Hummelstown, Pennsylvania, serving as the parent of Mid Penn Bank. As a full-service financial institution, Mid Penn Bank operates a network of branches across central Pennsylvania, delivering retail and commercial banking services to individuals, families and businesses in its regional markets.

Through its banking subsidiary, the company offers a broad range of deposit products, including checking accounts, savings accounts and certificates of deposit, alongside consumer and commercial lending solutions.