With 52657.0 shares changed hands, the volume of the stock remained lighter than its average volume of 65690.0 shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $28.2525 whereas the lowest price it dropped to was $27.6787. The 52-week range on MPB shows that it touched its highest point at $33.87 and its lowest point at $19.20 during that stretch. It currently has a 1-year price target of $36.50. With its current market cap of 546.72 million, MPB has annualized dividend of $0.80 while the current yield stands at 2.84%. MPB paid its most recent dividend on 1731024000, while the ex-dividend date for that was 1731024000. Beta for the stock currently stands at 0.55.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MPB was down-trending over the past week, with a drop of -2.43%, but this was down by -9.69% over a month. Three-month performance dropped to -2.56% while six-month performance rose 27.39%. The stock gained 17.40% in the past year, while it has lost -2.43% so far this year. A look at the trailing 12-month EPS for MPB yields 2.91 with Next year EPS estimates of 2.93. For the next quarter, that number is 0.71. This implies an EPS growth rate of 3.70% for this year and 4.52% for next year.
Float and Shares Shorts:
At present, 16.62 million MPB shares are outstanding with a float of 15.98 million shares on hand for trading. On 2024-12-13, short shares totaled 0.35 million, which was 179.0 higher than short shares on 1731628800. In addition to Mr. Rory G. Ritrievi as the firm’s President, CEO & Chairman, Mr. Justin T. Webb serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.40037 of MPB’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MPB since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MPB analysts setting a high price target of 37.5 and a low target of 35.0, the average target price over the next 12 months is 36.5. Based on these targets, MPB could surge 33.26% to reach the target high and rise by 24.38% to reach the target low. Reaching the average price target will result in a growth of 29.71% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.84982 being high and $2.74021 being low. For MPB, this leads to a yearly average estimate of $2.8.
