Penns Woods Bancorp, Inc. (NASDAQ:PWOD) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 23,800 shares, a decline of 9.5% from the June 30th total of 26,300 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is presently 4.3 days.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Berkshire Asset Management LLC PA increased its position in Penns Woods Bancorp by 6.0% during the first quarter. Berkshire Asset Management LLC PA now owns 24,429 shares of the financial services provider’s stock worth $1,004,000 after buying an additional 1,384 shares during the period. Dimensional Fund Advisors LP increased its position in Penns Woods Bancorp by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 165,648 shares of the financial services provider’s stock worth $6,666,000 after buying an additional 4,227 shares during the period. Hudock Capital Group LLC increased its position in Penns Woods Bancorp by 1.3% during the first quarter. Hudock Capital Group LLC now owns 40,421 shares of the financial services provider’s stock worth $1,661,000 after buying an additional 538 shares during the period. BlackRock Inc. increased its position in Penns Woods Bancorp by 1.8% during the fourth quarter. BlackRock Inc. now owns 234,784 shares of the financial services provider’s stock worth $9,447,000 after buying an additional 4,066 shares during the period. Finally, Peoples Financial Services CORP. acquired a new position in Penns Woods Bancorp during the first quarter worth approximately $99,000. 25.62% of the stock is currently owned by institutional investors.
Separately, ValuEngine cut Penns Woods Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.
PWOD stock traded up $0.45 during trading on Friday, hitting $41.93. 3,549 shares of the company’s stock were exchanged, compared to its average volume of 6,875. The business has a 50-day moving average price of $43.98 and a two-hundred day moving average price of $42.30. The stock has a market capitalization of $200.58 million, a price-to-earnings ratio of 12.39 and a beta of 0.61. Penns Woods Bancorp has a 52-week low of $34.84 and a 52-week high of $46.50. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.05.
Penns Woods Bancorp (NASDAQ:PWOD) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $0.91 earnings per share for the quarter. The firm had revenue of $15.38 million during the quarter. Penns Woods Bancorp had a return on equity of 11.10% and a net margin of 21.76%.
Penns Woods Bancorp Company Profile
Penns Woods Bancorp, Inc operates as the bank holding company for Jersey Shore State Bank and Luzerne Bank, which provides commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations. The company accepts time, demand, and savings deposits, including super NOW accounts, statement savings accounts, money market accounts, and certificates of deposit, as well as checking accounts and IRAs.
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