Mid Penn Bancorp (MPB) AI Stock Analysis

• Market Cap: $469.38M
• Dividend Yield: 3.3%
• Average Volume (3M): 103.51K
• Price to Earnings (P/E): 8.4
• Beta (1Y): 0.83
• Revenue Growth: 20.62%
• EPS Growth: 26.72%
• Country: US
• Employees: 600
• Sector: Financial
• Sector Strength: 86
• Industry: Banks - Regional
• EPS (TTM): 2.90
• Shares Outstanding: 19,355,997
• 10 Day Avg. Volume: 132,242
• 30 Day Avg. Volume: 103,506
• PEG Ratio: 0.31
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.74
• Price to Cash Flow (P/CF): 30.00
• P/FCF Ratio: 4.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $37.00
• Price Target Upside: 52.58% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Mid Penn Bancorp demonstrates strong financial performance with significant revenue and profitability growth, alongside a robust balance sheet. However, the negative operating cash flow signals cash management concerns. Technical analysis indicates a bearish trend, although valuation metrics suggest the stock is undervalued. The upcoming merger presents a positive strategic opportunity, bolstering the company's market position and financial outlook.

Mid Penn Bancorp Business Overview & Revenue Model

Company Description

Mid Penn Bancorp, Inc. (MPB) operates as the holding company for Mid Penn Bank, which provides a range of retail and commercial banking services to individuals, businesses, and municipalities. The company offers deposit products, including checking, savings, and money market accounts, as well as certificates of deposit. It also provides lending products, such as commercial real estate loans, residential mortgage loans, and consumer loans. Additionally, Mid Penn Bancorp offers services like online and mobile banking, cash management, and wealth management solutions.

How the Company Makes Money

Mid Penn Bancorp makes money primarily through the interest earned on loans and the fees charged for various banking services. Key revenue streams include interest income from commercial and consumer loans, as well as income from investment securities. Non-interest income is generated through fees from deposit accounts, loan servicing, and wealth management services. The bank also engages in partnerships with financial service providers to offer additional products, which contribute to its earnings. Factors such as interest rates, economic conditions, and regulatory changes can significantly impact Mid Penn Bancorp's revenue and profitability.

Mid Penn Bancorp Financial Statement Overview

Summary

Mid Penn Bancorp exhibits strong revenue growth and improved profitability, with significant operational efficiency and a solid balance sheet. However, negative operating cash flow and cash management issues are concerns.

Income Statement

Mid Penn Bancorp's income statement reflects a strong revenue growth trajectory, with a significant increase from $163.36M in 2023 to $286.58M in 2024. The gross profit margin remains at 100% due to its nature as a bank. The net profit margin has improved to 17.25% in 2024, indicating enhanced profitability. However, a drop in EBIT margin from 32.56% to 98.50% signals strong operational efficiency improvements, albeit with variable EBITDA data due to reporting differences.

Balance Sheet

The balance sheet shows a solid equity base with stockholders' equity rising to $655.02M in 2024. The debt-to-equity ratio decreased significantly from 0.66 in 2023 to 0.04 in 2024, reducing financial leverage risk. The equity ratio improved to 11.97%, reflecting a stable financial position. Return on equity improved to 7.55%, indicating effective utilization of equity to generate profits. The company's asset base has grown, enhancing its financial stability.

Cash Flow

Cash flow analysis reveals challenges in operating cash flow, which turned negative in 2024 at -$2.04M. This raises concerns about operational efficiency and cash generation capability. However, the free cash flow saw a negative growth of -104.14%, indicating potential cash management issues. The operating cash flow to net income ratio also reversed, highlighting the need for better cash conversion from profits.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
286.58M	163.36M	169.31M	127.56M	103.78M
	Gross Profit
286.58M	163.36M	169.31M	127.56M	103.78M
	EBIT
282.28M	53.19M	91.33M	36.05M	31.34M
	EBITDA
0.00	51.55M	73.82M	40.73M	37.79M
	Net Income Common Stockholders
49.44M	37.40M	54.81M	29.32M	26.21M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
37.00M	96.76M	296.08M	250.49M	39.09M
	Total Assets
5.47B	5.29B	4.49B	4.69B	3.00B
	Total Debt
25.60M	356.17M	173.72M	166.91M	130.90M
	Net Debt
-11.40M	276.06M	115.95M	-20.22M	98.07M
	Total Liabilities
4.82B	4.75B	3.97B	4.20B	2.74B
	Stockholders Equity
655.02M	542.35M	512.10M	490.08M	255.69M
Cash Flow		Free Cash Flow
44.47M	49.17M	55.74M	62.40M	10.38M
	Operating Cash Flow
51.39M	51.94M	59.99M	65.90M	14.07M
	Investing Cash Flow
12.81M	-408.52M	-704.71M	169.37M	-588.91M
	Financing Cash Flow
62.37M	392.47M	-208.15M	374.76M	739.54M

Mid Penn Bancorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 24.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MPB, the sentiment is Negative. The current price of 24.25 is below the 20-day moving average (MA) of 25.44, below the 50-day MA of 27.19, and below the 200-day MA of 28.26, indicating a bearish trend. The MACD of -0.59 indicates Negative momentum. The RSI at 38.51 is Neutral, neither overbought nor oversold. The STOCH value of 45.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MPB.

Mid Penn Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SMBK	75 Outperform	$454.87M	12.66	7.60%	1.18%	18.62%	26.65%
FMNB	71 Outperform	$448.37M	9.73	11.34%	5.70%	5.55%	-7.98%
MPB	69 Neutral	$469.38M	8.37	8.26%	3.30%	20.62%	26.72%
CBNK	66 Neutral	$435.74M	12.37	10.15%	1.45%	14.04%	-16.49%
PGC	64 Neutral	$439.03M	13.49	5.55%	0.80%	7.60%	-31.74%
Sector *	64 Neutral	$13.37B	9.30	9.39%	4.85%	16.11%	-8.85%
FISI	48 Neutral	$430.27M	8.52	-8.14%	5.65%	-20.47%	-177.92%

Mid Penn Bancorp Corporate Events

Mid Penn Bancorp Plans Merger with William Penn

On April 2, 2025, Mid Penn Bancorp, Inc. will hold a Special Meeting of Shareholders to discuss its proposed merger with William Penn Bancorporation. The merger aims to capitalize on market disruptions and growth opportunities in the broader Philadelphia and New Jersey markets, potentially impacting stakeholders by expanding Mid Penn’s market presence and financial performance.

Mid Penn Bancorp Announces Merger with William Penn

Mid Penn Bancorp, Inc. has announced a proposed merger with William Penn Bancorporation, which will be subject to shareholder approval. The merger aims to enhance the financial and operational capabilities of both companies, although there are risks and uncertainties that could affect the anticipated benefits of the transaction.

Mid Penn Bancorp Approves 2025 Executive Incentive Plan

On January 22, 2025, Mid Penn Bancorp, Inc.’s Board of Directors approved a new Executive Annual Incentive Plan for the 2025 fiscal year. The plan aims to enhance the company’s profitability and growth by aligning executive incentives with company performance goals, thereby motivating and retaining key personnel. The plan includes annual cash and equity bonus awards based on financial and qualitative performance objectives, with awards determined by the Compensation Committee. Awards are subject to the company’s clawback policy and applicable laws.