Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Mid Penn Bancorp (MPB) Stock Price
Media stories about Mid Penn Bancorp (NASDAQ:MPB) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mid Penn Bancorp earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 47.04627796045 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Mid Penn Bancorp (NASDAQ:MPB) traded up 0.5903% during mid-day trading on Tuesday, reaching $29.1712. 1,666 shares of the company’s stock traded hands. Mid Penn Bancorp has a 1-year low of $18.50 and a 1-year high of $30.45. The firm has a market cap of $123.63 million, a PE ratio of 14.8454 and a beta of 0.44. The firm has a 50 day moving average of $29.19 and a 200 day moving average of $27.63.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Wednesday, November 8th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, November 7th. Mid Penn Bancorp’s payout ratio is presently 25.49%.
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Mid Penn Bancorp Company Profile
Mid Penn Bancorp, Inc (Mid Penn) is the bank holding company for Mid Penn Bank (the Bank). The Bank engages in a full-service commercial banking and trust business, providing a range of financial services, including mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, community development loans, loans to non-profit entities and local government loans, and various types of time and demand deposits, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit and individual retirement accounts (IRAs).
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