Media stories about Mid Penn Bancorp (NASDAQ:MPB) have been trending positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mid Penn Bancorp earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 42.1237800696046 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Mid Penn Bancorp (MPB) traded down 0.5518% during mid-day trading on Tuesday, reaching $29.0886. 430 shares of the company’s stock were exchanged. The stock has a market cap of $123.28 million, a PE ratio of 14.8034 and a beta of 0.44. Mid Penn Bancorp has a one year low of $18.10 and a one year high of $29.96. The company has a 50 day moving average price of $27.91 and a 200-day moving average price of $27.30.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Wednesday, August 9th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Monday, August 7th. Mid Penn Bancorp’s payout ratio is 26.53%.
Separately, ValuEngine raised shares of Mid Penn Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
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Mid Penn Bancorp Company Profile
Mid Penn Bancorp, Inc (Mid Penn) is the bank holding company for Mid Penn Bank (the Bank). The Bank engages in a full-service commercial banking and trust business, providing a range of financial services, including mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, community development loans, loans to non-profit entities and local government loans, and various types of time and demand deposits, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit and individual retirement accounts (IRAs).
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