Raymond James Rates Mid Penn Bancorp (MPB) buy, $38 Price Target

Raymond James reaffirms its buy rating on MPB, setting a $38 price target, a 10.98% upside from the current price.

By EarningsIQ Research Desk · Published Jun 30, 2026, 10:01 AM EDT · Updated Jul 1, 2026, 2:01 AM EDT

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Raymond James rated Mid Penn Bancorp, Inc. ($MPB) "buy" with a $38 price target on June 30, 2026.

Since the rating, $MPB is up 0.2% after 1 week, up 10.6% after 1 month and up 4.1% to date (from the $34.63 close on Jun 30, 2026).

MPB Mid Penn Bancorp, Inc.

$36.04 +19.22% year to date

Daily close · Oct 16, 2026

Key Points

Raymond James reiterated its buy rating for MPB, setting a price target of $38 as of June 30, 2026.
Raymond James's $38 price target implies 10.98% upside from Mid Penn Bancorp, Inc.'s ($MPB) current $34.24 share price.
Shares of MPB traded near $34.24 on Tuesday, with notable institutional activity from BlackRock and Vanguard.
Insider transactions included MPB's CEO selling shares and other executives engaging in both buying and selling.

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Raymond James has reiterated its buy rating on MPB, with analyst Steve Moss setting a price target of $38. This reaffirmation came on June 30, 2026, as the stock traded near $34.24 on Tuesday.

Analyst rating track record

Raymond James vs. the S&P 500

YTD return +89.83% hypothetical

All-time return +45.10% S&P 500 +49.91%

vs. S&P 500 -4.81% behind the index

Hypothetical returns from Raymond James's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in MPB

Several institutional investors made moves in MPB recently. Wellington Management Group maintained its position with 2,274,513 shares valued at about $73.1 million. BlackRock, Inc. added 13,925 shares, bringing its total to 1,497,255 shares worth approximately $48.2 million, marking a 0.9% increase. Vanguard Capital Management LLC opened a new position with 915,022 shares valued at $29.4 million. AllianceBernstein L.P. increased its position by 312,244 shares to 887,937 shares, a 54.2% increase, valued at $27.5 million. Dimensional Fund Advisors LP also grew its stake by 79,569 shares, now holding 748,196 shares valued at $24.1 million.

Mid Penn Bancorp, Inc. Stock Down 7.3%

Shares of MPB traded near $34.24 on Tuesday. The company has seen active trading, with a 52-week range between $31.12 and $38.00. Institutional movements and analyst ratings continue to influence its market performance.

12-month forecast

$MPB price target

Mid Penn Bancorp, Inc. daily closes and this analyst's $38 target. Not advice.

Insider Buying and Selling at Mid Penn Bancorp, Inc.

Several insiders have been active in trading MPB stock. On June 1, 2026, President and CEO Rory Ritrievi sold 356 shares at an average price of $32.11. On May 15, 2026, Chief Corporate Development Officer Kenneth John Stephon both bought 10,769 shares and sold 5,261 shares, with the sales occurring at $31.12 per share. Additionally, on May 4, 2026, Matthew De Soto purchased 1,525 shares at an average price of $32.75.

Analysts Set New Price Targets

On June 30, 2026, Raymond James initiated a buy rating for MPB with a $38 price target. Keefe, Bruyette & Woods maintained their buy rating with a $37 target as of October 27, 2025. Piper Sandler also maintained a buy rating with a $31 target on July 29, 2024. The consensus among analysts remains positive, with a buy recommendation and an average target price reflecting continued confidence in MPB's prospects.

Bottom Line

Raymond James's reaffirmation of a buy rating for MPB with a $38 target highlights the firm's positive outlook. Institutional investors like BlackRock and Vanguard are actively adjusting their positions, reflecting ongoing interest in the company. Insider transactions provide additional context for MPB's market dynamics. Investors often track such analyst ratings and insider activities to gauge potential stock performance.