Penns Woods Bancorp (NASDAQ:PWOD) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Penns Woods Bancorp (NASDAQ:PWOD) from a sell rating to a hold rating in a research report released on Wednesday.

Separately, TheStreet lowered shares of Penns Woods Bancorp from a b- rating to a c+ rating in a report on Wednesday, March 20th.

Penns Woods Bancorp Stock Down 1.1 %

Shares of PWOD opened at $19.98 on Wednesday. The stock’s 50-day moving average price is $19.61 and its two-hundred day moving average price is $19.96. Penns Woods Bancorp has a 12 month low of $17.01 and a 12 month high of $27.59. The company has a market capitalization of $150.45 million, a PE ratio of 9.17 and a beta of 0.47. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.51 EPS for the quarter. Penns Woods Bancorp had a return on equity of 8.61% and a net margin of 14.79%. The business had revenue of $16.21 million for the quarter.

Penns Woods Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 11th were issued a $0.32 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $1.28 dividend on an annualized basis and a yield of 6.41%. Penns Woods Bancorp’s payout ratio is currently 58.72%.

Insiders Place Their Bets

In related news, Director Charles E. Kranich acquired 1,400 shares of the stock in a transaction dated Tuesday, June 11th. The stock was bought at an average price of $20.09 per share, for a total transaction of $28,126.00. Following the purchase, the director now directly owns 37,552 shares of the company’s stock, valued at approximately $754,419.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Charles E. Kranich purchased 1,400 shares of Penns Woods Bancorp stock in a transaction on Tuesday, June 11th. The stock was acquired at an average cost of $20.09 per share, for a total transaction of $28,126.00. Following the completion of the acquisition, the director now owns 37,552 shares of the company’s stock, valued at approximately $754,419.68. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles E. Kranich acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were bought at an average price of $17.55 per share, for a total transaction of $52,650.00. Following the acquisition, the director now directly owns 35,052 shares of the company’s stock, valued at approximately $615,162.60. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 8,305 shares of company stock worth $150,686. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Penns Woods Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd grew its position in Penns Woods Bancorp by 2.6% in the 1st quarter. Quadrature Capital Ltd now owns 27,158 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 693 shares during the period. Vanguard Group Inc. grew its holdings in shares of Penns Woods Bancorp by 2.1% during the first 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. Empowered Funds LLC increased 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. BNP Paribas Financial Markets lifted its position in Penns Woods Bancorp by 55.5% in 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 in the last quarter. Finally, Virtu Financial LLC acquired a new position in Penns Woods Bancorp during the 4th quarter valued at about $258,000. Institutional investors own 27.94% of the company’s stock.

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.