
MPB Stock Forecast & Price Target
MPB Analyst Ratings
Bulls say
Mid Penn Bancorp Inc exhibited strong financial performance in the second quarter, with a 13.4% quarter-over-quarter increase in net interest income, outperforming expectations largely due to the acquisition of WMPN. Additionally, core noninterest income saw a significant rise of 19.1% quarter-over-quarter, despite a slight dip in mortgage banking, indicating a robust growth trajectory in other service areas. The bank's deposits also increased by 8% on an organic basis, underscoring strong customer trust and a solid foundation for continued growth in the Philadelphia markets and wealth management sectors facilitated by strategic mergers.
Bears say
Mid Penn Bancorp has experienced a notable decrease in end-of-period (EOP) loans, which reported an 8% decline on an organic basis, indicating potential challenges in loan demand and growth. Furthermore, the company faces significant risk factors, including a material slowdown in loan growth, negative credit trends, and the impact of volatile interest rates, especially with a flattening or inverted yield curve. These elements collectively contribute to a cautious outlook regarding the bank's earnings potential and overall financial stability.
This aggregate rating is based on analysts' research of Mid Penn Bancorp and is not a guaranteed prediction by Public.com or investment advice.
MPB Analyst Forecast & Price Prediction
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