Dimensional Fund Advisors LP Sells 35,365 Shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Dimensional Fund Advisors LP reduced its position in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 12.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 247,415 shares of the financial services provider’s stock after selling 35,365 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Penns Woods Bancorp were worth $5,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of Penns Woods Bancorp during the 4th quarter valued at approximately $258,000. Quadrature Capital Ltd bought a new stake in Penns Woods Bancorp during the 4th quarter valued at $598,000. BNP Paribas Financial Markets raised its holdings in Penns Woods Bancorp by 55.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,554 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,269 shares during the period. Empowered Funds LLC lifted its position in shares of Penns Woods Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 24,120 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Penns Woods Bancorp by 2.1% in the first quarter. Vanguard Group Inc. now owns 336,829 shares of the financial services provider’s stock worth $6,538,000 after acquiring an additional 6,992 shares during the period. 27.94% of the stock is currently owned by institutional investors.

Penns Woods Bancorp Trading Down 0.2 %

Shares of Penns Woods Bancorp stock opened at $24.20 on Thursday. The company’s 50-day moving average price is $22.60 and its 200-day moving average price is $20.78. 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, Inc. has a 12-month low of $17.01 and a 12-month high of $24.50. The company has a market cap of $182.23 million, a price-to-earnings ratio of 11.10 and a beta of 0.45.

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

Penns Woods Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.28 annualized dividend and a dividend yield of 5.29%. Penns Woods Bancorp’s dividend payout ratio (DPR) is presently 58.72%.

Wall Street Analyst Weigh In

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

About Penns Woods Bancorp

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.