Piper Sandler Initiates Coverage of Mid Penn Bancorp at Overweight
Fintel reports that on October 9, 2026, Piper Sandler initiated coverage of Mid Penn Bancorp (NASDAQGM:MPB) with a Overweight recommendation.
Prior to this rating action, the stock's pre-action close was $36.17 on October 8, 2026. Over a one-week period, the stock recorded a price change of +0.72% from a baseline close of $35.91 on October 1, 2026. Over a one-month period, the price change was -2.03% from a baseline close of $36.92 on September 8, 2026. The latest close was also recorded at $36.17 on October 8, 2026.
Separately, aggregate consensus target data as of October 2, 2026, shows a current consensus target mean of $41.14 and a median of $41.82. This mean target represents an implied change of +13.74%.
Mid Penn Bancorp operates in the US market, with financial figures reported in USD. The company last reported quarterly earnings on July 22, 2026, delivering an actual EPS of 0.87 against an estimated EPS of 0.7979, which is a surprise of +9.04%. Actual revenue was $75,338,000.00, compared to the estimated revenue of $74,012,800.00. The company's upcoming earnings date is scheduled for October 28, 2026.
In terms of aggregate analyst recommendations, the period of September 1, 2026, showed 2 strong buy, 4 buy, and 1 hold recommendations, resulting in a total of 7 recommendations. This represents 85.7% positive and 14.3% hold recommendations.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 9, 2026 | Piper Sandler | Overweight | initiated coverage |
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This story originally appeared on Fintel.