Point72 Asia Singapore Pte. Ltd. Invests $223,000 in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,832 shares of the financial services provider’s stock, valued at approximately $223,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.14% of Penns Woods Bancorp at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PWOD. Quadrature Capital Ltd acquired a new position in Penns Woods Bancorp in the 4th quarter valued at approximately $598,000. Squarepoint Ops LLC bought a new position in shares of Penns Woods Bancorp in the second quarter valued at approximately $390,000. Virtu Financial LLC acquired a new stake in shares of Penns Woods Bancorp in the fourth quarter worth $258,000. Hsbc Holdings PLC bought a new stake in shares of Penns Woods Bancorp during the 2nd quarter worth $205,000. Finally, Vanguard Group Inc. grew its stake in Penns Woods Bancorp by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 336,829 shares of the financial services provider’s stock valued at $6,538,000 after buying an additional 6,992 shares during the last quarter. 27.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Penns Woods Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.

Penns Woods Bancorp Price Performance

Shares of PWOD stock opened at $23.90 on Friday. Penns Woods Bancorp, Inc. has a 12 month low of $17.01 and a 12 month high of $24.23. The company has a market capitalization of $179.97 million, a P/E ratio of 10.96 and a beta of 0.45. The stock has a 50 day moving average of $22.44 and a two-hundred day moving average of $20.44. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.30.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.72 EPS for the quarter. The firm had revenue of $16.54 million during the quarter. Penns Woods Bancorp had a return on equity of 8.99% and a net margin of 15.20%.

Penns Woods Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a $0.32 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.28 dividend on an annualized basis and a yield of 5.36%. Penns Woods Bancorp’s payout ratio is currently 58.72%.

Penns Woods Bancorp Company Profile

Penns Woods Bancorp, Inc operates as the bank holding company for Jersey Shore State Bank, which provides commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations. It accepts time, demand, and savings deposits, including super NOW accounts, statement savings accounts, money market accounts, and certificates of deposit, as well as checking and individual retirement account (IRAs) accounts.