Rhumbline Advisers raised its holdings in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 49.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,709 shares of the financial services provider’s stock after purchasing an additional 3,536 shares during the quarter. Rhumbline Advisers’ holdings in Penns Woods Bancorp were worth $381,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in PWOD. First Command Bank increased its holdings in shares of Penns Woods Bancorp by 50.0% in the fourth quarter. First Command Bank now owns 7,125 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 2,375 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Penns Woods Bancorp by 50.0% in the 4th quarter. Global Retirement Partners LLC now owns 927 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 309 shares during the period. Hudock Capital Group LLC grew its position in shares of Penns Woods Bancorp by 50.0% in the fourth quarter. Hudock Capital Group LLC now owns 56,112 shares of the financial services provider’s stock valued at $1,984,000 after purchasing an additional 18,710 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Penns Woods Bancorp by 50.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 20,101 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 6,758 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Penns Woods Bancorp by 5.6% during the third quarter. California Public Employees Retirement System now owns 15,108 shares of the financial services provider’s stock worth $699,000 after purchasing an additional 800 shares during the period. 27.75% of the stock is owned by institutional investors and hedge funds.
PWOD stock traded down $1.14 during trading hours on Monday, hitting $26.99. 3,225 shares of the stock were exchanged, compared to its average volume of 7,956. Penns Woods Bancorp, Inc. has a 12 month low of $26.03 and a 12 month high of $36.27. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $202.13 million, a P/E ratio of 12.18 and a beta of 0.63. The company has a 50-day simple moving average of $31.84 and a two-hundred day simple moving average of $34.46.
Penns Woods Bancorp (NASDAQ:PWOD) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a net margin of 20.29% and a return on equity of 10.07%. The company had revenue of $15.23 million during the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Monday, March 9th.
Separately, ValuEngine cut Penns Woods Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 3rd.
In other Penns Woods Bancorp news, Director James M. Furey II sold 1,320 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $32.25, for a total transaction of $42,570.00. Following the transaction, the director now owns 10,570 shares in the company, valued at approximately $340,882.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Edwards bought 1,400 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $28.13 per share, for a total transaction of $39,382.00. 3.39% of the stock is owned by insiders.
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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