Analyst Estimates: Here's What Brokers Think Of Mid Penn Bancorp, Inc. (NASDAQ:MPB) After Its Third-Quarter Report

It's shaping up to be a tough period for Mid Penn Bancorp, Inc. (NASDAQ:MPB), which a week ago released some disappointing quarterly results that could have a notable impact on how the market views the stock. Results look to have been somewhat negative - revenue fell 4.1% short of analyst estimates at US$75m, and statutory earnings of US$0.84 per share missed forecasts by 4.9%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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Taking into account the latest results, the current consensus from Mid Penn Bancorp's three analysts is for revenues of US$325.6m in 2027. This would reflect a meaningful 17% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to bounce 36% to US$3.83. Before this earnings report, the analysts had been forecasting revenues of US$325.7m and earnings per share (EPS) of US$3.86 in 2027. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

Check out our latest analysis for Mid Penn Bancorp

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$41.00. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Mid Penn Bancorp analyst has a price target of US$42.00 per share, while the most pessimistic values it at US$39.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Mid Penn Bancorp is an easy business to forecast or the the analysts are all using similar assumptions.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Mid Penn Bancorp's past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of Mid Penn Bancorp'shistorical trends, as the 14% annualised revenue growth to the end of 2027 is roughly in line with the 13% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 8.0% annually. So it's pretty clear that Mid Penn Bancorp is forecast to grow substantially faster than its industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Mid Penn Bancorp going out to 2028, and you can see them free on our platform here..

Plus, you should also learn about the 1 warning sign we've spotted with Mid Penn Bancorp .

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