Mid Penn Bancorp rises after Raymond James starts coverage with 'outperform'

Mid Penn Bancorp

30/06/2026 16:55

** Shares of lender Mid Penn Bancorp MPB.O rise 1.23% to $34.66 after Raymond James initiates coverage at "outperform"
** Brokerage says the bank is positioned to improve profitability from stronger organic loan growth, driven by a larger platform and seasoned banker additions in the Philadelphia market
** Adds that earnings growth should also be supported by core net interest margin expansion, wealth management optimization and controlled expenses
** Sets PT of $38, a 10.9% upside to the stock's last close
** Two of two analysts rate stock "strong buy" or "buy"; their median PT is $35.5 - data compiled by LSEG
** Including session's move, stock up 11.9% YTD 


 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com))