D Michael Hawbaker Acquires 300 Shares of Penns Woods Bancorp, Inc. (PWOD) Stock

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Director D Michael Hawbaker bought 300 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average price of $43.16 per share, for a total transaction of $12,948.00. Following the completion of the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $107,900. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Penns Woods Bancorp, Inc. (NASDAQ PWOD) opened at 44.00 on Wednesday. Penns Woods Bancorp, Inc. has a 12-month low of $38.12 and a 12-month high of $52.65. The company has a market capitalization of $206.27 million, a PE ratio of 17.67 and a beta of 1.00. The firm’s 50-day moving average price is $42.33 and its 200-day moving average price is $42.23.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 26th. Shareholders of record on Tuesday, September 12th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Monday, September 11th. Penns Woods Bancorp’s payout ratio is 75.81%.

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Hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Penns Woods Bancorp by 25.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,112 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 1,227 shares in the last quarter. State Street Corp boosted its stake in shares of Penns Woods Bancorp by 2.3% during the 2nd quarter. State Street Corp now owns 81,081 shares of the financial services provider’s stock worth $3,337,000 after acquiring an additional 1,849 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Penns Woods Bancorp by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 167,385 shares of the financial services provider’s stock worth $6,893,000 after acquiring an additional 3,107 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Penns Woods Bancorp by 5.2% during the 2nd quarter. Northern Trust Corp now owns 53,330 shares of the financial services provider’s stock worth $2,197,000 after acquiring an additional 2,654 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Penns Woods Bancorp by 5.8% during the 2nd quarter. Nationwide Fund Advisors now owns 3,125 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 170 shares in the last quarter. 23.26% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the company. ValuEngine upgraded Penns Woods Bancorp from a “hold” rating to a “buy” rating in a research report on Monday. TheStreet raised Penns Woods Bancorp from a “c+” rating to a “b-” rating in a report on Monday, August 14th.

Penns Woods Bancorp Company Profile

Penns Woods Bancorp, Inc is a bank holding company. The Company operates through its subsidiaries: Jersey Shore State Bank (JSSB) and Luzerne Bank (Luzerne) (collectively known as the Banks); Woods Real Estate Development Company, Inc; Woods Investment Company, Inc, and The M Group, a subsidiary of JSSB.

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