Alan Novak - Mid Penn Director

MPB Stock  USD 20.99  0.19  0.91%   

Director

Mr. Alan P. Novak is Director of the Company. Mr. Novak previously served as a director of First Priority since its formation in 2007 and a director of First Priority Bank since 2006. Mr. Novak was an attorney with the law firm of Lamb McErlane PC since November, 2015. Prior to that, Mr. Novak had been an attorney with the law firm of Conrad OBrien from 1994. Mr. Novak has served as President of Novak Strategic Advisors since 2001. Mr. Novak is also a partner in Rooney Novak Group since 2015. Mr. Novak was Chairman of the Republican State Committee of Pennsylvania from 1996 to 2005. since 2018.
Age 67
Tenure 6 years
Address 2407 Park Drive, Harrisburg, PA, United States, 17110
Phone866 642 7736
Webhttps://www.midpennbank.com

Mid Penn Management Efficiency

The current year's Return On Tangible Assets is expected to grow to 0.01. The current year's Return On Capital Employed is expected to grow to 0.03. At present, Mid Penn's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 5.1 B, whereas Total Current Assets are forecasted to decline to about 114.6 M. Mid Penn's management efficiency ratios could be used to measure how well Mid Penn manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 356.17 M in debt with debt to equity (D/E) ratio of 12.3, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Debt can assist Mid Penn until it has trouble settling it off, either with new capital or with free cash flow. So, Mid Penn's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Mid Penn Bancorp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mid to invest in growth at high rates of return. When we think about Mid Penn's use of debt, we should always consider it together with cash and equity.

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Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations. The company was founded in 1868 and is headquartered in Harrisburg, Pennsylvania. Mid Penn operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 573 people. Mid Penn Bancorp (MPB) is traded on NASDAQ Exchange in USA. It is located in 2407 Park Drive, Harrisburg, PA, United States, 17110 and employs 621 people. Mid Penn is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Mid Penn Bancorp Leadership Team

Elected by the shareholders, the Mid Penn's board of directors comprises two types of representatives: Mid Penn inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mid. The board's role is to monitor Mid Penn's management team and ensure that shareholders' interests are well served. Mid Penn's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mid Penn's outside directors are responsible for providing unbiased perspectives on the board's policies.
Joan Dickinson, Ex Office
Scott Micklewright, Chief Lending Officer of Mid Penn Bank and Executive VP of Mid Penn Bank
Allison Johnson, EVP CFO
Robert Grubic, Independent Chairman of the Board
Edward Williams, Interim Principal Financial Officer, CFO of Mid Penn Bank and Sr. VP of Mid Penn Bank
Gregory Kerwin, Independent Director
Elizabeth Martin, Corporate Secretary
Kimberly Brumbaugh, Director
Heather Hall, Executive President
CFP CFP, Ex Bank
Zachary Miller, First Officer
Matthew DeSoto, Director, Chairman of Audit Committee, Member of Compensation Committee, Director of Mid Penn Bank and Advisory Board Member of Mid Penn Bank
Joel Frank, Director
Joseph CFP, Executive Bank
Cindy Wetzel, Secretary; Vice President and Corporate Secretary of the Mid Penn Bank
John Noone, Director
David Sparks, Market President of First Priority Bank, a Division of Mid Penn Bank, Director
Jordan Space, Chief Officer
Robert Abel, Independent Director
Robert Klinger, Director, Member of Audit Committee and Member of Advisory Board - Mid Penn Bank
Michael Peduzzi, CFO, Executive Vice President
Robert Moisey, Director of the Company and Mid Penn Bank
Noble Quandel, Director of the Company and Mid Penn Bank
Kelly Neiderer, Senior Banking Officer of the Bank
Steven Boyer, Independent Director
Joseph Paese, Executive Vice President and Director of Trust and Wealth Management
Alan Novak, Director
Tracie Youngblood, Senior Officer
Donald Kiefer, Director
Patrick Smith, Director
Margaret Steinour, Senior Officer
Rory Ritrievi, CEO and President Director, Member of Executive Committee, CEO of Mid Penn Bank and President of Mid Penn Bank and Director of Mid Penn Bank
Theodore Mowery, Director, Chairman of Compensation Committee, Member of Nominating and Corporate Governance Committee, Advisory Board Member of Mid Penn Bank and Director of Mid Penn Bank
Vincent Land, Director of the Company and Mid Penn Bank
Justin Webb, Senior Vice President and Chief Credit Officer of the Mid Penn Bank
William Specht, Independent Vice Chairman of the Board

Mid Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Mid Penn a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Mid Penn Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mid Penn's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mid Penn Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mid Penn Bancorp Stock:
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When running Mid Penn's price analysis, check to measure Mid Penn's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mid Penn is operating at the current time. Most of Mid Penn's value examination focuses on studying past and present price action to predict the probability of Mid Penn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mid Penn's price. Additionally, you may evaluate how the addition of Mid Penn to your portfolios can decrease your overall portfolio volatility.
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Is Mid Penn's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mid Penn. If investors know Mid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mid Penn listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.043
Dividend Share
0.8
Earnings Share
2.31
Revenue Per Share
10.124
Quarterly Revenue Growth
0.084
The market value of Mid Penn Bancorp is measured differently than its book value, which is the value of Mid that is recorded on the company's balance sheet. Investors also form their own opinion of Mid Penn's value that differs from its market value or its book value, called intrinsic value, which is Mid Penn's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mid Penn's market value can be influenced by many factors that don't directly affect Mid Penn's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mid Penn's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mid Penn is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mid Penn's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.