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

Mid Penn Bancorp

26/04/2024 22:01

* Mid Penn Bancorp Inc  MPB.OQ  reported quarterly adjusted
earnings of 73 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 70 cents.  The mean expectation of
three analysts for the quarter was for earnings of 61 cents per
share. Wall Street expected results to range from 60 cents to 62
cents per share.
    * Revenue rose 4.8% to $42.29 million from a year ago;
analysts
expected $41.22 million. 
    * Mid Penn Bancorp Inc's reported EPS for the quarter was 73
cents​.
    * The company reported quarterly net income of $12.13
million.
    * Mid Penn Bancorp Inc shares had risen by 4.8% this
quarter and
lost 13.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Mid Penn Bancorp
Inc is $26.00 
This summary was machine generated from LSEG data April 26 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.61           0.73           Beat
 Dec. 31 2023      0.59           0.73           Beat
 Sep. 30 2023      0.63           0.56           Missed
 Jun. 30 2023      0.68           0.68           Met