Mid Penn Bancorp Inc reports results for the quarter ended in June - Earnings Summary

Mid Penn Bancorp

28/07/2023 24:53

* Mid Penn Bancorp Inc  MPB.OQ  reported quarterly adjusted
earnings of 68 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 68 cents per share.
    * Revenue rose 2.5% to $41.66 million from a year ago;
analysts
expected $41.17 million. 
    * Mid Penn Bancorp Inc's reported EPS for the quarter was 29
cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Mid Penn Bancorp Inc shares had risen by 12.1% this
quarter and
lost 17.4% so far this year.
    * The company reported quarterly net income of $4.84
million.
    * Wall Street's median 12-month price target for Mid Penn
Bancorp
Inc is $26.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 11:53 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.68           0.68           Met
 Mar. 31 2023      0.88           0.70           Missed
 Dec. 31 2022      0.98           0.99           Beat
 Sep. 30 2022      0.83           0.97           Beat