Mid Penn Bancorp, Inc.
Mid Penn Bancorp, Inc. (NASDAQ: MPB) is trading at $35.75, about ₹3,434 at today's USD/INR rate, as of 29 Sep 2026, 4:00 PM ET, down 0.80% today. Indian residents can buy Mid Penn Bancorp from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$35.32
Today's high
$36.57
52 week low
$26.56
52 week high
$39.15
MPB opened at $36.10, closed previously at $36.04, and has traded between $26.56 and $39.15 over the past 52 weeks.
About
Mid Penn Bancorp, Inc. functions as the parent entity for Mid Penn Bank, offering a comprehensive suite of commercial banking services to a diverse client base, including individuals, business partnerships, non-profit organizations, and corporate entities. The institution provides an array of deposit options, such as checking, savings, specialized club accounts, money market accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). Its lending portfolio is extensive, encompassing residential mortgages and home equity lines, both secured and unsecured commercial and consumer loans, revolving lines of credit, construction project financing, agricultural loans, community development funding, and tailored loans for non-profit organizations and municipal governments. Additionally, the company offers modern banking conveniences like online and telephone banking, robust cash management solutions, and automated teller machine (ATM) services. Clients also have access to safe deposit boxes and benefit from professional trust and wealth management advisory. As of December 31, 2021, Mid Penn Bancorp maintained a network of sixty full-service retail banking branches across nineteen Pennsylvania counties: Berks, Blair, Bucks, Centre, Chester, Clearfield, Cumberland, Dauphin, Fayette, Huntingdon, Lancaster, Lehigh, Luzerne, Lycoming, Montgomery, Northumberland, Perry, Schuylkill, and Westmoreland. Established in 1868, the company's corporate headquarters are situated in Harrisburg, Pennsylvania.
Key statistics
Avg. volume
147.66K
Market cap
$906.08M
P/E Ratio
11.50
Price-to-sales ratio
2.44
Enterprise value
$730.83M
Free cash flow yield
10.00%
Debt-to-equity ratio
0.17
Return on equity
6.91%
ROIC
8.33%
Beta
0.45
Dividend yield
2.63%
Last dividend
$0.94
Financial overview
Revenue
$326.93M
Earnings per share
$2.59
Free cash flow
$71.80M
Net profit margin
18.36%
Gross margin
66.21%
EBITDA
$77.41M
Revenue growth
6.59%
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This is not an investment recommendation
How to buy Mid Penn Bancorp from India
Indian residents can buy Mid Penn Bancorp shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Mid Penn Bancorp and place an order
Find Mid Penn Bancorp by name or by its ticker, MPB, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Mid Penn Bancorp trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Mid Penn Bancorp position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Mid Penn Bancorp from India
Trading and taxes when buying Mid Penn Bancorp from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Mid Penn Bancorp’s current yield is 2.63%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Mid Penn Bancorp stock?
Yes. Mid Penn Bancorp (MPB) has been listed on NASDAQ since 1997, in the Banks - Regional industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Mid Penn Bancorp share cost in rupees?
One Mid Penn Bancorp share is $35.75 — about ₹3,434 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the Mid Penn Bancorp price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Mid Penn Bancorp from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Mid Penn Bancorp?
Yes. One Mid Penn Bancorp share is $35.75, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Mid Penn Bancorp.
How are gains on Mid Penn Bancorp shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Mid Penn Bancorp price. Paasa issues a capital-gains statement for your return.
Does Mid Penn Bancorp pay a dividend, and how is it taxed in India?
Yes. Mid Penn Bancorp pays a dividend and the current yield is 2.63%; the last declared dividend was $0.94 per share, about ₹90.30. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Mid Penn Bancorp from India?
NASDAQ trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Mid Penn Bancorp shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Mid Penn Bancorp shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Mid Penn Bancorp holding, its cost and its closing value.
How do I sell Mid Penn Bancorp and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.