MPB - Mid Penn Bancorp: Top Line Outlook Remains Rosy Thanks To Economic Factors

• Economic factors will likely counter the impact of Paycheck Protection Program (“PPP”) forgiveness, thereby leading to decent loan growth this year.
• The highly rate-sensitive net interest income will likely benefit from a rising interest-rate environment.
• Provision expense is likely to be at the higher end of the historical range because of the existing allowance level.
• The year-end target price suggests a high upside from the current market price. Further, MPB is offering a decent dividend yield.

For further details see: