JPMorgan Chase & Co. Purchases 6,337 Shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

JPMorgan Chase & Co. increased its position in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 471.9% during the third quarter, Holdings Channel.com reports. The firm owned 7,680 shares of the financial services provider’s stock after buying an additional 6,337 shares during the quarter. JPMorgan Chase & Co.’s holdings in Penns Woods Bancorp were worth $183,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Penns Woods Bancorp by 217.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock worth $821,000 after purchasing an additional 23,620 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Penns Woods Bancorp during the third quarter worth $486,000. Squarepoint Ops LLC purchased a new stake in Penns Woods Bancorp in the 2nd quarter valued at $390,000. Hsbc Holdings PLC purchased a new stake in Penns Woods Bancorp in the 2nd quarter valued at $205,000. Finally, RBF Capital LLC lifted its stake in Penns Woods Bancorp by 39.8% during the 3rd quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock valued at $615,000 after acquiring an additional 7,356 shares in the last quarter. Institutional investors and hedge funds own 27.94% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Penns Woods Bancorp in a report on Tuesday, January 28th. They issued a “hold” rating for the company.

Penns Woods Bancorp Price Performance

Penns Woods Bancorp stock opened at $30.43 on Friday. Penns Woods Bancorp, Inc. has a 52 week low of $17.01 and a 52 week high of $34.56. The company’s 50 day moving average price is $31.24 and its two-hundred day moving average price is $26.68. The stock has a market cap of $229.56 million, a P/E ratio of 12.89 and a beta of 0.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.57 EPS for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%.

Penns Woods Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Tuesday, December 10th. Penns Woods Bancorp’s dividend payout ratio (DPR) is currently 54.24%.

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.