MPB Stock Summary and Trading Ideas (Mid Penn Bancorp | NASDAQ:MPB)

Mid Penn Bancorp Inc operates in the financial services domain. It conducts commercial banking and trust business in the United States. Its range of services comprises mortgage and home equity loans, secured and unsecured consists and consumer loans, lines of credit, construction financing, farm loans, community development, local government loans, and various types of time and demand deposits.

Mid Penn Bancorp trades on the NASDAQ stock market under the symbol MPB.

As of April 25, 2024, MPB stock price declined to $20.40 with 1,171 million shares trading.

MPB has a beta of 0.91, meaning it tends to be less sensitive to market movements. MPB has a correlation of 0.13 to the broad based SPY ETF.

MPB has a market cap of $338.10 million. This is considered a Small Cap stock.

Last quarter Mid Penn Bancorp reported $42 million in Revenue and $.64 earnings per share. This beat revenue expectation by $973,000 and exceeded earnings estimates by $.03.

In the last 3 years, MPB stock traded as high as $34.99 and as low as $18.25.

The top ETF exchange traded funds that MPB belongs to (by Net Assets): IWM, VTI, VXF, IWN, AVUV.

MPB has underperformed the market in the last year with a return of -10.0%, while the SPY ETF gained +22.6%. In the last 3 month period, MPB fell short of the market, returning -11.7%, while SPY returned +3.2%. However, in the most recent 2 weeks MPB has outperformed the stock market by returning +3.1%, while SPY returned -2.9%.

MPB support price is $19.84 and resistance is $21.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MPB stock will trade within this expected range on the day.