MPB
Mid Penn Bancorp, Inc.Financial Services·Banks - Regional
$32.65
$828M market cap
Revenue
$170.0M
Free Cash Flow
$36.9M
Rev Growth
+0.0%
FCF Margin
21.7%
P/FCF
22.4x
EV/FCF
22.2x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations. The company offers various time and demand deposit products, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and IRAs. It also provides a range of loan products comprising mortgage and home equity loans, secured and unsecured commercial and con
2-Year Price History
$32.35+63.4%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 77.6 | 11.3 | 11.3 | 8.7 | 26.9 | 25.4 | -1.4 | 61.0 | 51.7 | 23.4 | 9.0% | 0.4x | -- |
| Act | 2025-Q4 | 92.4 | 27.6 | 26.2 | 19.5 | 13.3 | 11.5 | -1.8 | 52.1 | 59.4 | 23.4 | 23.0% | 0.9x | -- |
Valuation & Metrics
Market Stats
Price$32.65
Market Cap$828M
Enterprise Value$818M
P/S Ratio4.9x
P/FCF22.4x
EV/FCF22.2x
FCF Margin (TTM)21.7%
FCF Yield4.5%
Dividend Yield (TTM)3.4%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$170.0M
Net Income$28.1M
Free Cash Flow$36.9M
Revenue Growth (YoY)+0.0%
EBITDA Margin22.9%
Net Margin16.6%
FCF Margin21.7%
CapEx % of Revenue1.9%
SBC % of Revenue0.3%
ROIC16.0%
WC Change % Rev-3069.2%
Interest Coverage0.7x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.6M
Days to Cover4.0
Change (vs Prior)-2.7%
Need at least 2 settlement dates for chart
Employees
Headcount600
Revenue / Employee$283,350
Gross Profit / Employee$182,252
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
32.3%(+13.4% YoY)
132 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
18.2%(+6.5% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.3%(+0.2% YoY)
6 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| WELLINGTON MANAGEMENT GROUP LLP | $73.1M | $27.64 | +$0 | +$24.7M | -0.3% | $533.98B |
| BlackRock, Inc.Passive | $48.2M | $28.17 | +$445K | +$4.5M | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $29.4M | $31.95 | +$29.2M | +$29.4M | — | $4.04T |
| ALLIANCEBERNSTEIN L.P. | $27.5M | $28.49 | +$10.0M | +$22.9M | -0.3% | $307.70B |
| DIMENSIONAL FUND ADVISORS LPPassive | $24.1M | $25.56 | +$2.5M | +$7.0M | -0.4% | $480.92B |
| STATE STREET CORPPassive | $17.8M | $26.81 | +$614K | +$7.0M | -0.2% | $2.89T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $16.2M | $25.12 | +$376K | +$2.9M | +2.3% | $1.61T |
| Fourthstone LLC | $11.8M | $28.78 | +$2.4M | +$11.0M | -1.8% | $590M |
| AMERICAN CENTURY COMPANIES INC | $9.7M | $25.77 | +$1.2M | +$1.9M | +0.7% | $193.48B |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $8.8M | $27.42 | −$131K | −$536K | -0.2% | $113.45B |
| Rhino Investment Partners, Inc | $7.5M | $31.43 | +$4.6M | +$7.5M | -0.4% | $359M |
| BANC FUNDS CO LLC | $6.7M | $27.06 | +$0 | −$6.6M | -1.3% | $537M |
| Petiole USA ltd | $6.3M | $25.26 | −$83K | −$84K | -1.6% | $143M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $5.4M | $27.64 | +$16K | +$3.7M | +0.7% | $645.81B |
| EMERALD MUTUAL FUND ADVISERS TRUST | $5.2M | $27.57 | +$256K | +$195K | -0.5% | $2.06B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $5.1M | $31.95 | +$5.1M | +$5.1M | — | $1.91T |
| NORTHERN TRUST CORPPassive | $5.0M | $26.38 | +$267K | +$137K | -0.2% | $755.34B |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $5.0M | $27.45 | +$299K | +$2.3M | -2.3% | $4.93B |
| GOLDMAN SACHS GROUP INC | $4.8M | $29.54 | +$1.2M | +$3.4M | -0.2% | $760.93B |
| DEPRINCE RACE & ZOLLO INC | $4.4M | $27.84 | −$135K | +$4.4M | -1.1% | $5.29B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.22%
avg per quarter
Holders (ex-self)
-0.33%
excl. this stock
Buyers (this Q)
-0.03%
80 buyers · $0.09B in
Sellers (this Q)
+0.00%
34 sellers · $0.01B out
alpha coverage: 91% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-1.6%
how holders react when this stock falls
On quiet Qs
+0.8%
−10% to +10% baseline
On rallies (+10%+)
-9.3%
how they react when this stock rises
Holders' portfolio flow this Q
+0.7%
inflows — adds are organic
Sellers' portfolio flow this Q
+4.9%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-4.6%
Holder mid (any stock)
-3.2%
Holder rally (any stock)
-4.2%
Biggest decreases this quarter
SEGALL BRYANT & HAMILL, LLCexited−$2.2MSG Americas Securities, LLCexited−$286KINTECH INVESTMENT MANAGEMENT LLCexited−$252KCORNERSTONE ADVISORS ASSET MANAGEMENT, LLCexited−$221KAquatic Capital Management LLCexited−$145KDEPRINCE RACE & ZOLLO INC−$135Kα-1.1MANUFACTURERS LIFE INSURANCE COMPANY, THE−$131Kα-0.2Petiole USA ltd−$83Kα-1.6AMALGAMATED BANKexited−$19KEurizon Capital SGR S.p.A.exited−$3K
New buyers this quarter
Top-5 holders · 48.1%
WELLINGTON MANAGEMENT GROUP LLP--
BlackRock, Inc.--
VANGUARD CAPITAL MANAGEMENT LLC--
ALLIANCEBERNSTEIN L.P.--
DIMENSIONAL FUND ADVISORS LP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
WELLINGTON MANAGEMENT GROUP LLP2.3MALLIANCEBERNSTEIN L.P.888KFJ Capital Management LLC—BANC FUNDS CO LLC208KFourthstone LLC367KMANUFACTURERS LIFE INSURANCE COMPANY, THE272KAMERICAN CENTURY COMPANIES INC302KRhino Investment Partners, Inc232KCastle Creek Capital Partners VI, LP—Petiole USA ltd195K
Analyst Coverage
Analyst Coverage
Analyst Ratings
2
Buy: 2Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$620K
35 txns · 9 insiders · 21,298 sh
Sells ($, 12mo)
$27
1 txn · 1 insider · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-04 | BUY | De Soto Matthew G | director | 1,525 | $32.75 | $50K | $3.89M |
| 2026-03-31 | BUY | Abel Robert A | director | 15 | $32.16 | $482 | $249K |
| 2026-03-31 | BUY | Brumbaugh Kimberly J | director | 78 | $32.16 | $3K | $340K |
| 2026-03-31 | BUY | De Soto Matthew G | director | 311 | $32.16 | $10K | $3.71M |
| 2026-03-31 | BUY | Evans Albert J. | director | 311 | $32.16 | $10K | $1.27M |
| 2026-03-31 | BUY | Frank Joel L. | director | 78 | $32.16 | $3K | $303K |
| 2026-03-31 | BUY | MOWERY THEODORE W | director | 62 | $32.16 | $2K | $1.30M |
| 2026-03-12 | BUY | De Soto Matthew G | director | 2,590 | $30.86 | $80K | $3.55M |
| 2026-03-09 | BUY | Noone John E | director | 2,000 | $30.84 | $62K | $1.52M |
| 2026-03-06 | BUY | BRUGGER THOMAS R | director | 818 | $31.35 | $26K | $192K |
| 2026-02-24 | SELL | Stephon Kenneth John | director, officer: Chief Corp Development Officer | 1 | $32.58 | $27 | $1.23M |
| 2025-12-31 | BUY | Abel Robert A | director | 16 | $31.02 | $496 | $238K |
| 2025-12-31 | BUY | Brumbaugh Kimberly J | director | 80 | $31.02 | $2K | $323K |
| 2025-12-31 | BUY | De Soto Matthew G | director | 257 | $31.02 | $8K | $3.51M |
| 2025-12-31 | BUY | Evans Albert J. | director | 323 | $31.02 | $10K | $1.22M |
| 2025-12-31 | BUY | Frank Joel L. | director | 80 | $31.02 | $2K | $288K |
| 2025-12-31 | BUY | MOWERY THEODORE W | director | 64 | $31.02 | $2K | $1.24M |
| 2025-11-19 | BUY | Noone John E | director | 2,000 | $28.28 | $57K | $1.34M |
| 2025-10-27 | BUY | Noone John E | director | 2,000 | $29.51 | $59K | $1.34M |
| 2025-09-30 | BUY | Abel Robert A | director | 18 | $28.64 | $516 | $217K |
Order Flow (FINRA, ~3w lag)
13.3%retail+0.5pp
25.9%dark+3.2pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Mid Penn Bancorp: Aggressive M&A Roll-up Masks EPS Dilution and Provisioning Gaps
Overall Risk
6/10
Fraud
3/10
Dilution
8/10
Insolvency
4/10
Earnings Overstated
6/10
Hidden Liabilities
5/10
Legal
2/10
Audit Warnings
2/10
Hidden Upside
4/10
Contextually Acceptable
7/10