Mid Penn Bancorp Inc reports results for the quarter ended in September 30 - Earnings Summary

Mid Penn Bancorp

24/10/2024 04:04

* Mid Penn Bancorp Inc  MPB.OQ  reported quarterly adjusted
earnings of 74 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 56 cents.  The mean expectation of
three analysts for the quarter was for earnings of 71 cents per
share. Wall Street expected results to range from 69 cents to 73
cents per share.
    * Revenue rose 5.9% to $45.35 million from a year ago;
analysts
expected $44.51 million. 
    * Mid Penn Bancorp Inc's reported EPS for the quarter was 74
cents​.
    * The company reported quarterly net income of $12.3
million.
    * Mid Penn Bancorp Inc shares had risen by 3.1% this
quarter and
gained 26.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.5%
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 32.00 
This summary was machine generated from LSEG data October 24 at
03:04 a.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
 Sep. 30 2024      0.71           0.74           Beat
 Jun. 30 2024      0.61           0.71           Beat
 Mar. 31 2024      0.61           0.73           Beat
 Dec. 31 2023      0.59           0.73           Beat